Company: GEF
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0000043920-25-000025
Chunk: 46

Company: GREIF, INC
Filing Date: 2025-06-05
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 sales, operating profit and Adjusted EBITDA for each of our business segments for the three months ended April 30, 2025 and 2024:

Three Months EndedApril 30,(in millions)20252024Net sales:Customized Polymer Solutions$329.3 $285.6 Durable Metal Solutions378.9 413.7 Sustainable Fiber Solutions599.1 580.1 Integrated Solutions78.4 91.6 Total net sales$1,385.7 $1,371.0 Operating profit:Customized Polymer Solutions$25.8 $6.3 Durable Metal Solutions54.1 56.5 Sustainable Fiber Solutions25.9 18.9 Integrated Solutions12.8 16.4 Total operating profit$118.6 $98.1 Adjusted EBITDA:Customized Polymer Solutions$53.4 $34.9 Durable Metal Solutions63.7 64.5 Sustainable Fiber Solutions79.5 49.5 Integrated Solutions17.3 20.8 Total Adjusted EBITDA$213.9 $169.7 

The following table sets forth Adjusted EBITDA, reconciled to net income and operating profit, for our consolidated results for the three months ended April 30, 2025 and 2024:

Three Months EndedApril 30,(in millions)20252024Net income$54.5 $52.0 Plus: interest expense, net34.9 30.2 Plus: other income, net(0.2)(0.4)Plus: income tax expense29.8 17.0 Plus: equity earnings of unconsolidated affiliates, net of tax(0.4)(0.7)Operating profit118.6 98.1 Less: equity earnings of unconsolidated affiliates, net of tax(0.4)(0.7)Plus: depreciation, depletion and amortization expense66.4 65.9 Plus: acquisition and integration related costs2.0 11.5 Plus: restructuring and other charges14.6 (6.8)Plus: non-cash asset impairment charges10.7 0.4 Plus: loss (gain) on disposal of properties, plants and equipment, net0.5 (0.3)Plus: loss on disposal of businesses, net0.5