Greif, Inc.: Unveiling the True Picture of Q4 and FY 2024 Earnings

Greif, Inc., a leading industrial packaging company, recently issued a corrected fourth quarter and fiscal year 2024 earnings release, revealing a more stable financial performance than initially reported. The revised figures highlight a significant improvement in earnings per share and net income, excluding adjustments, painting a clearer picture of the company's financial health.

The corrected earnings release for the fourth quarter of 2024 shows a net income, excluding the impact of adjustments, of $65.5 million, a substantial increase from the previously announced $49.6 million. This revision lifted the diluted Class A earnings per share, excluding adjustments, to $1.13, up from the earlier reported $0.85. The full fiscal year 2024 also saw an improvement, with net income, excluding the impact of adjustments, revised to $249.5 million, and diluted Class A earnings per share set at $4.31.



These revisions reflect a more stable financial performance for Greif in 2024 compared to the initially reported figures. The company's adjusted EBITDA margin remained steady at 12.3%, indicating consistent operational efficiency. Moreover, adjusted free cash flow increased by $8.5 million to $144.7 million, demonstrating improved liquidity. The increase in adjusted free cash flow margin from 8.2% in 2023 to 8.8% in 2024 further supports Greif's ability to generate cash from operations.



Greif's strategic actions, such as completing a business model optimization project and announcing a targeted cost optimization effort to eliminate $100 million in structural costs, have positioned the company for accelerated growth and improved financial performance in the future. The corrected earnings release highlights the importance of thorough analysis and transparency in communicating financial performance, allowing investors to make informed decisions.

As Greif continues to execute its strategic initiatives and navigate the industrial packaging landscape, investors should monitor the company's progress closely. The positive revision in earnings and stable operational performance bode well for Greif's future prospects, but investors should remain vigilant for any potential challenges that may arise. In conclusion, Greif's corrected earnings release offers a more optimistic view of the company's financial health, setting the stage for potential growth and investment opportunities.