Greif Inc. (NYSE:GEF) Q2 2024 Earnings Conference Call June 6, 2024 8:30 AM ET

Company Participants

Ole Rosgaard - President, Chief Executive Officer
Larry Hilsheimer - Executive Vice President, Chief Financial Officer
Bill D’Onofrio - Vice President, Investor Relations and Corporate Development

Conference Call Participants

Matt Krueger - Baird
George Staphos - Bank of America
Mike Roxland - Truist Securities
Brian Butler - Stifel
Gabe Hadje - Wells Fargo

Operator

Good day and thank you for standing by. Welcome to the Greif second quarter 2024 earnings conference call.

At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question and answer session. To ask a question during the session, you will need to press star-one-one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star-one-one again.

Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speaker today, Bill D’Onofrio, Vice President of Investor Relations and Corporate Development. Please go ahead.

Bill D’Onofrio

Thank you and good day everyone. Welcome to Greif’s fiscal second quarter 2024 earnings conference call. During the call today, our Chief Executive Officer, Ole Rosgaard will provide you with an update on our second quarter results driven by our build-to-last strategy, as well as current business trends. Our Chief Financial Officer, Larry Hilsheimer will provide an overview of our financial results and our fiscal full year guidance.

In accordance with Regulation Fair Disclosure, please ask questions regarding topics you consider important because we are prohibited from discussing material non-public information with you on an individual basis.

Please turn to Slide 2. During today’s call, we will make forward-looking statements involving plans, expectations and beliefs related to future events. Actual results could differ materially from those discussed. Additionally, we will be referencing certain non-GAAP financial measures and reconciliations to the most directly comparable GAAP metrics that can be found in the appendix to today’s presentation.

I’ll now turn the presentation over to Ole on Slide 3.

Ole Rosgaard

Thanks Bill. Hello everyone and thank you for joining us.

We are excited to discuss another successful quarter for Greif underpinned by solid execution across the business through the Greif business system. Before we dive into our results, I would like to widen our lens and discuss key updates on our build-to-last strategy, specifically touching on each of our four missions for value creation. This will help contextualize our continued solid performance despite the persistence and [indiscernible] headwinds our business has recently faced, as well as why we believe Greif is positioned for near and long term outperformance.