Increased Full Year Guidance
Greif raised its full year guidance due to strong performance, reflecting confidence in their business strategy.
Accolades and Employee Engagement
Greif was named one of Newsweek's Top 100 Most Loved Workplaces for the third year in a row and received Gallup's Exceptional Workplace Award. The company achieved an 86th percentile colleague engagement score with a 94% participation rate.
Cost Optimization Progress
The company has achieved $10 million in run rate savings towards the full year commitment of $15 million to $25 million and a total of $100 million compared to the 2024 baseline.
Strong Performance in Polymers
Polymer Solutions volumes improved year-over-year, with small containers and IBC both up, driven by growth in agrochemicals, food and beverage, pharma, and flavors and fragrances.
Adjusted EBITDA and Margin Improvement
Adjusted EBITDA increased by $44 million year-over-year to $214 million, with a margin increase of 300 basis points to 15.4%.
Strong Cash Flow Generation
Generated $110 million of adjusted free cash flow, up from $59 million in Q2 of '24.