Company: GEF
Filing Date: 2025-11-19
Form Type: 10-KT
Source: 0001628280-25-053146
Chunk: 95

Company: GREIF, INC
Filing Date: 2025-11-19
Form: 10-KT
Chunk 95
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 or otherwise settled       |     |            | -11.7 |     |             | -11.8 |     |       | -23.5 |
| Balance at September 30, 2025         |     | $          |  21.3 |     | $           |   0.4 |     | $     |  21.7 |

The focus for restructuring activities in 2025 was to optimize costs, rationalize and integrate operations and close underperforming plants in the Customized Polymer Solutions, Durable Metal Solutions, Sustainable Fiber Solutions and Integrated Solutions reportable segments. During the year ended September 30, 2025 (11-month), the Company recorded restructuring chargesof $ 40.3million, as compared to $ 5.4million of restructuring charges recorded during the year ended October 31, 2024. The restructuring activity for the year ended September 30, 2025 (11-month) consisted of $ 28.2million in employee separation costs and $ 12.1million in other restructuring costs, primarily consisting of professional fees and other fees associated with restructuring activities. There were sevenplants closed or divested in 2025 and a total of 500employees severed throughout 2025 as part of the Company’s restructuring efforts.

The focus for restructuring activities in 2024 was to optimize and integrate operations and close underperforming plants in the Sustainable Fiber Solutions reportable segment and to optimize and rationalize operations in the Customized Polymer Solutions, Durable Metal Solutions and Integrated Solutions reportable segment. During 2024, the Company recorded restructuring charges of $ 5.4million, consisting of a ($ 9.0) million release of prior period restructuring severance accrual that was no longer probable of occurring, $ 7.6million in employee separation costs and $ 6.8million in other restructuring costs, primarily consisting of professional fees and other fees associated with restructuring activities. There were fourplants closed or divested in 2024 and a total of 126employees severed throughout 2024 as part of the Company’s restructuring efforts.

The focus for restructuring activities in 2023 was to optimize and integrate operations and close underperforming plants in the Sustainable Fiber Solutions reportable segment and to optimize and rationalize operations in the Customized Polymer Solutions, Durable Metal Solutions and Integrated Solutions reportable segment. During 2023, the Company recorded restructuring charges of $ 18.7million, consisting of $ 11.8million