Greif Inc. · NYSE:GEF
Greif — Q3 2026 Earnings Presentation
19 slides from Greif's earnings presentation, Jul 29, 2026
Slide 1: Third Quarter 2026 Earnings Conference Call
Third Quarter 2026 Earnings Conference Call July 29, 2026 1
Slide 2: Safe Harbor
Safe Harbor FORWARD-LOOKING STATEMENTS This presentation contains certain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. The words “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “aspiration,” “objective,” “project,” “believe,” “c
Slide 3: Strategic Progress Shows in Solid Q3 Results
Build to Last Strategy Strategic Progress Shows in Solid Q3 Results 1.1x $90M Q3-26 Run-Rate Cost Leverage Ratio Optimization Achieved While Executing On 10%+ +24.7% Delivering Solid Our Strategy Dividend Increase Q3-26 YoY Financial Announced Adj. EBITDA Results Executing Share +260bps Q3-26 YoY Re
Slide 4: Improved Demand Supplemented by New Logo Growth
Third Quarter 2026 Year-over-Year Volume Trends Improved Demand Supplemented by New Logo Growth Customized Polymer Solutions 1.5% EMEA M.E. Softness ▪ IBC (up high singles) and large containers (up mid singles) due to improved industrial end market demand x% NA Improved APACx%Improved ▪ Small contai
Slide 5: Total Company Financial Performance
Third Quarter 2026 Total Company Financial Performance ($ in Millions except per share) Q3 25 Q3 26 Adjusted EBITDA 147.1 183.4 Adjusted EBITDA % 13.1% 15.7% Adjusted Class A Earnings Per Share 0.86 1.61 Adjusted Free Cash Flow 144.4 57.7 ▪ Adjusted EBITDA higher primarily due to better price/cost a
Slide 6: Segment Financial Performance
Third Quarter 2026 Segment Financial Performance Customized Durable Sustainable Innovative • Polymers: Gross profit dollars and percent up on ($ in Millions) Polymers Metals Fiber Closures both positive volume and price/cost, plus cost optimization Q3 25 Q3 26 Q3 25 Q3 26 Q3 25 Q3 26 Q3 25 Q3 26 • M
Slide 7: Guidance Range Reflects Improved Q3 Demand and Continued Strong Execution
FY 2026 Guidance Guidance Range Reflects Improved Q3 Demand and Continued Strong Execution ($ in Millions) Adjusted EBITDA Guidance Assumptions Volume Assumptions Prior Guidance Current Guidance $615 – $635M Customized Polymer Solutions Durable Metal Solutions Flat Down MSD Flat Down MSD +9.8 – 13.4
Slide 8: Optimizing Shareholder Value
Capital Allocation Optimizing Shareholder Value Priorities for Disciplined Driving Returns & Capital Deployment Investing for Growth Maintain a Strong Foundation 10%+ Dividend ▪ Increased dividend in place as of ▪ Manage leverage and liquidity ▪ Fund safety and maintenance CapEx Increase most recent
Slide 9: Delivering Strong and Durable Total Shareholder Return
Investment Thesis Delivering Strong and Durable Total Shareholder Return Packaging Leader to Durable Competitive Roadmap to Accelerate Driven by a Disciplined Essential Industries Advantages Profitable Growth Capital Allocation Strategy ▪ Polymers: High growth ▪ Robust scale of 220+ facilities ▪ Pri
Slide 10: Appendix
Third Quarter 2026 Earnings Conference Call Appendix July 29, 2026 10
Slide 11: Delivering Customer Value Across Four Solutions
Optimized Greif Portfolio Delivering Customer Value Across Four Solutions CUSTOMIZED POLYMER DURABLE METAL SUSTAINABLE FIBER INNOVATIVE CLOSURE SOLUTIONS SOLUTIONS SOLUTIONS SOLUTIONS Small Polymer Large Steel Fiber Drums Containers Closures Tube & Core Large & Medium & Metal Medium Small Steel Clos
Slide 12: Sales Breakdown by Segment
Sales Breakdown by Segment $ in Millions July 29, 2026 12
Slide 13: Net Income to Combined Adjusted EBITDA
GAAP to Non-GAAP Reconciliation Net Income to Combined Adjusted EBITDA Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, our reported financial
Slide 14: Segment Operating Profit to Combined Adjusted EBITDA
GAAP to Non-GAAP Reconciliation Segment Operating Profit to Combined Adjusted EBITDA Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, our repo
Slide 15: Segment Operating Profit to Combined Adjusted EBITDA Cont.
GAAP to Non-GAAP Reconciliation Segment Operating Profit to Combined Adjusted EBITDA Cont. Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, ou
Slide 16: Adjusted Free Cash Flow
GAAP to Non-GAAP Reconciliation Adjusted Free Cash Flow Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, our reported financial results. Accor
Slide 17: Net Income and Class A Earnings Per Share Excluding Adjustments
GAAP to Non-GAAP Reconciliation Net Income and Class A Earnings Per Share Excluding Adjustments Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior t
Slide 18: Net Income and Class A Earnings Per Share Excluding Adjustments Cont.
GAAP to Non-GAAP Reconciliation Net Income and Class A Earnings Per Share Excluding Adjustments Cont. Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered supe
Slide 19: Leverage Ratio and Net Debt
GAAP to Non-GAAP Reconciliation Leverage Ratio and Net Debt Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, our reported financial results. A