Greif raises full-year EBITDA guidance after Q3 beat

Greif reported Q3 2026 adjusted EPS of EUR 1.39, ahead of consensus of EUR 0.95, on revenue of EUR 1.00bn, up 2.72% year on year. Management raised full-year adjusted EBITDA guidance to USD 615m-635m and flagged further bolt-on acquisitions, having already agreed to buy Spanish polymer container maker Envaplast. The company also reported it reached a USD 90m run-rate cost-optimisation milestone ahead of schedule, targeting USD 120m by the end of the next fiscal year.

Why this mattersA guidance raise alongside continued deleveraging gives Greif room for further bolt-on M&A, a signal peers may read as a resumption of consolidation in speciality plastics packaging.

• Q3 2026 adjusted EPS was EUR 1.39, beating consensus of EUR 0.95
• Q3 2026 revenue was EUR 1.00bn, up 2.72% year on year
• Full-year adjusted EBITDA guidance raised to USD 615m-635m, implying 10%-13% year-on-year growth
• Greif reached a USD 90m run-rate cost-optimisation milestone ahead of schedule, targeting USD 120m by the end of the next fiscal year
• Management said further bolt-on acquisitions are expected, targeting EBITDA margins above 18% and free cash flow conversion above 50%
• The results disclosure referenced Greif's recently agreed acquisition of Spanish polymer container maker Envaplast

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