Company: GEF
Filing Date: 2025-11-19
Form Type: 10-KT
Source: 0001628280-25-053146
Chunk: 48

Company: GREIF, INC
Filing Date: 2025-11-19
Form: 10-KT
Chunk 48
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 Solutions

Net sales were $1,096.9 million for 2025 compared with $1,132.4 million for 2024. The $35.5 million decrease was primarily due to $53.9 million attributable to lower volumes, partially offset by $19.7 million from higher published boxboard prices.

Gross profit was $250.0 million for 2025 compared with $225.4 million for 2024. The $24.6 million increase was primarily due to lower raw material and manufacturing costs, partially offset by the same factors that impacted net sales. Gross profit margin was 22.8 percent for 2025 compared with 19.9 percent for 2024.

Operating profit was $27.0 million for 2025 compared with $80.3 million for 2024. The $53.3 million decrease was primarily due to higher SG&A expenses related to higher compensation expenses, higher restructuring and other charges and higher impairment charges, partially offset by the same factors that impacted gross profit. Adjusted EBITDA was $196.1 million for 2025 compared with $176.3 million for 2024. The $19.8 million increase was primarily due to the same factors that impacted gross profit, partially offset by higher SG&A expenses related to higher compensation expenses.

Integrated Solutions

Net sales were $298.4 million for 2025 compared with $345.3 million for 2024. The $46.9 million decrease was primarily due to a $40.8 million impact from the Delta Divestiture and lower average selling prices, partially offset by higher volumes.

Gross profit was $85.3 million for 2025 compared with $101.8 million for 2024. The $16.5 million decrease was primarily due to the Delta Divestiture. Gross profit margin was 28.6 percent for 2025 compared with 29.5 percent for 2024.

Operating profit was $5.7 million for 2025 compared with $76.1 million for 2024. The $70.4 million decrease was primarily due to $46.1 million gain from the Delta Divestiture during the third quarter of 2024 and the same factors that impacted gross profit. Adjusted EBITDA was $23.6 million for 2025 compared with $43.0 million for 2024. The $19.4 million decrease was primarily due to the same factors that impacted gross profit.

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