Company: GEF
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0000043920-25-000025
Chunk: 132

Company: GREIF, INC
Filing Date: 2025-06-05
Form: 10-Q
Item: Part I, Item 2
Chunk 132
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145.5 170.1 Total net sales$2,651.5 $2,576.8 Operating profit:Customized Polymer Solutions$39.6 $18.0 Durable Metal Solutions91.7 93.4 Sustainable Fiber Solutions29.5 27.1 Integrated Solutions17.7 28.5 Total operating profit$178.5 $167.0 Adjusted EBITDA:Customized Polymer Solutions$92.9 $60.7 Durable Metal Solutions108.9 109.2 Sustainable Fiber Solutions131.0 102.5 Integrated Solutions26.2 34.3 Total Adjusted EBITDA$359.0 $306.7 

The following table sets forth Adjusted EBITDA, reconciled to net income and operating profit, for our consolidated results for the six months ended April 30, 2025 and 2024:

Six Months EndedApril 30,(in millions)20252024Net income$68.9 $126.3 Plus: interest expense, net72.6 54.4 Plus: other expense, net0.2 8.7 Plus: income tax expense (benefit)37.6 (21.2)Plus: equity earnings of unconsolidated affiliates, net of tax(0.8)(1.2)Operating profit178.5 167.0 Less: equity earnings of unconsolidated affiliates, net of tax(0.8)(1.2)Plus: depreciation, depletion and amortization expense133.0 126.3 Plus: acquisition and integration related costs4.2 14.1 Plus: restructuring and other charges17.3 (1.1)Plus: non-cash asset impairment charges24.4 1.7 Plus: gain on disposal of properties, plants and equipment, net(1.1)(3.0)Plus: loss on disposal of businesses, net1.4 — Plus: other costs*0.5 0.5 Adjusted EBITDA$359.0 $306.7 *includes fiscal year-end change costs and share-based compensation impact of disposals of businesses

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The following table sets forth Adjusted EBITDA for our business segments, reconciled to the operating profit for each segment, for the six months ended April 30, 2025 and