Greif's reports 3Q 2021 net sales of $1,490.8 million, an increase of $407.8 million compared to net sales of $1,083.0 million.
3Q 2021 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, 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.
Record Adjusted EBITDA of $237.8 million, an increase of $78.4 million compared to Adjusted EBITDA of $159.4 million.
“The Greif team delivered an exceptional 3Q," said Pete Watson, Greif's President and CEO. "In addition to strong operating results, we achieved record financial performance, reduced our debt and made meaningful progress towards achieving our targeted leverage ratio. While we continue to face significant inflationary conditions, COVID-19 related constraints and labor availability challenges, our underlying end markets are strong and we are executing with discipline to offset challenges and deliver on our commitments.”
Greif, Inc. is a global leader in industrial packaging products and services.
