Company: GEF
Filing Date: 2025-08-28
Form Type: 10-Q
Source: 0000043920-25-000048
Chunk: 39

Company: GREIF, INC
Filing Date: 2025-08-28
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 used in containerboard and paperboard products. These products and services are used internally by the Company and are also sold to external customers.The Company’s Chief Operating Decision Maker (“CODM”) is the Chief Executive Officer. The Company’s CODM reviews financial information presented on material solution-based operating segments for purposes of making operating decisions and assessing financial performance. Intercompany balances were eliminated in consolidation and are not reviewed when evaluating segment performance.As disclosed above, the Company entered into a definitive agreement to sell the Containerboard Business. The Containerboard Business was previously reported under the Company’s Sustainable Fiber Solutions segment. The intended Containerboard Business divestiture qualifies as discontinued operations. The Company’s allocation of corporate expenses to each reportable segment was updated to reflect how management measures performance and allocates resources with the Containerboard Business being excluded from continuing operations. The Company has recast data from prior periods to reflect this change to conform to the current year presentation.The accounting policies of the reportable business segments are substantially the same as those described in the “Basis of Presentation and Summary of Significant Accounting Policies” note in the 2024 Form 10-K.The following tables present net sales disaggregated by geographic area for each reportable segment for the three and nine months ended July 31, 2025:Three Months Ended July 31, 2025(in millions)United StatesEurope, Middle East and AfricaAsia Pacific and Other AmericasTotalCustomized Polymer Solutions$139.4 $139.2 $61.2 $339.8 Durable Metal Solutions71.6 238.0 90.2 399.8 Sustainable Fiber Solutions294.3 0.2 13.5 308.0 Integrated Solutions65.2 12.9 9.0 87.1 Total net sales$570.5 $390.3 $173.9 $1,134.7 Nine Months Ended July 31, 2025(in millions)United StatesEurope, Middle East and AfricaAsia Pacific and Other AmericasTotalCustomized Polymer Solutions$408.6 $390.3 $165.3 $964.2 Durable Metal Solutions206.8 655.6 258.5 1,120.9 Sustainable Fiber Solutions863.8 0.6 35.9 900.3 Integrated Solutions187.4 34.6 24.4 246.4 Total net sales$1,666.6