Company: GEF
Filing Date: 2025-08-28
Form Type: 10-Q
Source: 0000043920-25-000048
Chunk: 3

Company: GREIF, INC
Filing Date: 2025-08-28
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

GREIF, INC. AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)Three Months EndedJuly 31,Nine Months EndedJuly 31,(in millions, except per share amounts)2025202420252024Net sales$1,134.7 $1,164.9 $3,231.8 $3,247.9 Cost of products sold877.4 920.0 2,519.9 2,576.7 Gross profit257.3 244.9 711.9 671.2 Selling, general and administrative expenses157.0 152.8 475.9 443.6 Acquisition and integration related costs1.2 2.0 5.4 16.1 Restructuring and other charges25.2 2.7 42.5 1.6 Non-cash asset impairment charges3.4 0.2 27.8 1.9 Gain on disposal of properties, plants and equipment, net(2.6)(3.4)(3.7)(6.4)Loss (gain) on disposal of businesses, net— (46.1)1.4 (46.1)Operating profit73.1 136.7 162.6 260.5 Interest expense, net14.5 18.8 46.3 29.4 Other expense, net2.8 0.8 3.0 9.5 Income from continuing operations before income tax expense and equity earnings of unconsolidated affiliates, net55.8 117.1 113.3 221.6 Income tax expense11.8 33.5 38.0 16.0 Equity earnings of unconsolidated affiliates, net of tax(0.7)(0.9)(1.5)(2.1)Net income from continuing operations44.7 84.5 76.8 207.7 Net income from discontinued operations, net of tax24.7 9.1 61.5 12.2 Net income69.4 93.6 138.3 219.9 Net income attributable to noncontrolling interests(5.4)(6.