Greif Reports Third Quarter 2021 Results
Third Quarter Financial Highlights include (all results compared to the third quarter of 2020 unless otherwise noted)(1): *Record net sales of $1,490.8 million, an increase of $407.8 million compared to net sales of $1,083.0 million. *Net income of $113.0 million or $1.89 per diluted Class A share increased compared to net income of $20.7 million or $0.35 per diluted Class A share. Net income, excluding the impact of adjustments(2), of $115.9 million or $1.93 per diluted Class A share increased compared to net income, excluding the impact of adjustments, of $50.1 million or $0.85 per diluted Class A share. *Net cash provided by operating activities decreased by $40.1 million to a source of $94.9 million. Adjusted free cash flow(4) decreased by $42.5 million to a source of $64.1 million. *Total debt decreased by $370.0 million to $2,267.6 million.