Company: GEF
Filing Date: 2025-08-28
Form Type: 10-Q
Source: 0000043920-25-000048
Chunk: 76

Company: GREIF, INC
Filing Date: 2025-08-28
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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694.6 672.2 Gross profit66.6 45.5 177.0 110.9 Selling, general and administrative expenses12.3 11.2 33.7 33.4 Loss on disposal of businesses, net1.2 — 1.2 — Operating profit53.1 34.3 142.1 77.5 Interest expense, net20.2 22.5 61.0 66.3 Income from discontinued operations before income tax expense and equity earnings of unconsolidated affiliates, net32.9 11.8 81.1 11.2 Income tax expense (benefit)8.2 2.7 19.6 (1.0)Net income from discontinued operations24.7 9.1 61.5 12.2 Net income from discontinued operations attributable to Greif, Inc.$24.7 $9.1 $61.5 $12.2 For net sales and costs of products sold, which had previously been eliminated in consolidation related to intercompany sales of recycled fiber to the Containerboard Business, $7.2 million and $9.8 million for the three months ended July 31, 2025, and 2024 and $21.0 million and $26.3 million for the nine months ended July 31, 2025, and 2024 are now reflected on a gross basis as a component of net sales and costs of sales from continuing operations for all periods presented. 

12

The following tables present assets and liabilities of the Containerboard Business from discontinued operations classified as held for sale:(in millions)July 31,2025October 31,2024ASSETSTrade accounts receivable, net of allowance$112.9 $108.2 Inventories89.7 71.4 Other current assets21.7 19.7 Total current assets from discontinued operations224.3 199.3 Goodwill298.2 298.2 Other intangible assets, net of amortization4.3 4.4 Operating lease right-of-use assets60.5 65.7 Other long-term assets0.8 0.9 Total long-term assets from discontinued operations363.8 369.2 Land16.7 16.7 Buildings109.7