Greif Reports First Quarter 2024 Results
First Quarter Financial Highlights include (all results compared to the first quarter of 2023 unless otherwise noted): *Net income of $67.2 million decreased compared to net income of $89.9 million or $1.54 per diluted Class A share. Net income, excluding the impact of adjustments(1), of $72.8 million increased compared to net income, excluding the impact of adjustments, of $61.9 million *Net cash provided by operating activities decreased by $28.4 million to $4.5 million. *Total debt of $2,291.8 million increased by $62.5 million. Net debt(4) increased by $44.2 million to $2,112.5 million. Our leverage ratio(5) increased to 2.53x from 2.20x sequentially, and increased from 2.11x in the prior year quarter.