Greif reports Q3 adjusted EPS $1.03 vs. 92c last year

Reports Q3 revenue $1.13B vs. $1.16B last year. As previously announced, on June 30, the company entered into a definitive agreement to divest its containerboard business, including its CorrChoice sheet feeder system, in an all-cash transaction for $1.8B to Packaging Corporation of America. “The transaction is expected to close effective as of August 31, 2025, subject to customary closing conditions. As a result, the Containerboard Business is presented as discontinued operations beginning in the third quarter of 2025,” Greif (GEF) stated. “Greif continued to execute this quarter, as evidenced in particular by our strong $171 million of adjusted free cash flow generation. While demand remains mixed, we are driving cash production, ramping up our cost optimization, and executing on portfolio changes all of which give us high confidence in achieving our long-term commitments and creating value for our investors,” said Ole Rosgaard, President and Chief Executive Officer of Grief.