GEF - Greif Non-GAAP EPS of $1.83 misses by $0.11 revenue of $1.5B misses by $80M

December, 07 2022 04:21 PM Greif Inc. Class A

Greif press release ( NYSE: GEF ): Q4 Non-GAAP EPS of $1.83 misses by $0.11 .
Revenue of $1.5B (-5.1% Y/Y) misses by $80M .
Adjusted EBITDA ⁽²⁾ of $218.7 million, an increase of $7.4 million compared to Adjusted EBITDA of $211.3 million.
Total debt decreased by $309.5 million to $1,916.1 million. Net debt ⁽⁴⁾ decreased by $332.0 million to $1,769.0 million.
The Company's leverage ratio ⁽⁵⁾ decreased to 1.73x from 1.99x sequentially, which is below our targeted leverage ratio range of 2.0x - 2.5x, and from 2.49x in the prior year quarter.
2023 Outlook: Adjusted EBITDA $820 - $906M, Adjusted free cash flow $410 - $460M.
Shares -5% .

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