Also, the company’s net debt decreased by $208.9 million to $2,058.7 million during the quarter, said the press release.
SEATTLE (Scrap Monster): Delaware, Ohio-headquartered Greif, Inc. announced third quarter 2022 results.
The company reported net income of $141.8 million or $2.36 per diluted Class A share, in Q3 2022, compared with net income of $113.0 million or $1.89 per diluted Class A share in the corresponding quarter a year before. Adjusted EBITDA increased from $237.8 million to $251.0 million. The net cash provided by operating activities increased by $114.4 million to $209.3 million. Also, the company’s net debt decreased by $208.9 million to $2,058.7 million during the quarter, said the press release.
Greif, Inc. complemented its continuing efforts by signing the Columbus Commitment, which promises to close the wage gap and achieve gender pay equity at the company.
Ole Rosgaard, President and Chief Executive Officer noted that the team delivered an outstanding third quarter financial result, remaining steadfast and execution-focused during a time of macroeconomic uncertainty. In addition to financial success, our teams have continued to deliver Legendary Customer Service, and made notable progress to further foster Thriving Communities at Greif and Protect Our Future through industry-leading sustainability practice, he added.
