Greif sees FY24 adjusted EBITDA of at least $610M

Sees FY24 adjusted free cash flow of at least $200M. Given the deterioration of product demand in the past year and the degree of uncertainty in the forward looking macro-economic environment, Greif continues to be unable to determine the trajectory of product demand for the remainder of the fiscal year. As a result, the company is providing only a low-end guidance estimate that is based on the continuation of demand trends it observed in the past year and the current price/cost factors in the Paper Packaging and Services business segment. The low-end guidance estimate does not factor in any contribution from the proposed acquisition of Ipackchem.