Company: GEF
Filing Date: 2025-08-28
Form Type: 10-Q
Source: 0000043920-25-000048
Chunk: 81

Company: GREIF, INC
Filing Date: 2025-08-28
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 2025:(in millions)Global IndustrialPackagingPaperPackaging & ServicesCustomized Polymer SolutionsDurable Metal SolutionsSustainable Fiber SolutionsIntegrated SolutionsTotalBalance at October 31, 2024$1,148.3 $507.2 $— $— $— $— $1,655.5 Segment recast(1,148.3)(507.2)607.9 401.8 475.9 169.9 — Goodwill acquired / Measurement period adjustment— — (10.0)— — — (10.0)Currency translation— — 28.2 14.3 — 7.8 50.3 Balance at July 31, 2025$— $— $626.1 $416.1 $475.9 $177.7 $1,695.8 

NOTE 4 — RESTRUCTURING CHARGES

The following is a reconciliation of the beginning and ending restructuring reserve balances for the nine months ended July 31, 2025:(in millions)EmployeeSeparationCostsOtherCostsTotalBalance at October 31, 2024$4.8 $0.1 $4.9 Costs incurred and charged to expense17.6 9.0 26.6 Costs paid or otherwise settled(8.1)(8.9)(17.0)Balance at July 31, 2025$14.3 $0.2 $14.5 The focus for restructuring activities in 2025 is to optimize operations to manage a historical period of industrial activity contraction while simultaneously transforming the Company’s internal processes and portfolio mix for optimal alignment to long-term profitable earnings growth.During the three months ended July 31, 2025, the Company recorded restructuring charges of $12.7 million, as compared to $2.7 million of restructuring charges recorded during the three months ended July 31, 2024. The restructuring activity for the three months ended July 31, 2025 consisted of $7.0 million in employee separation costs and $5.7 million in other restructuring costs, primarily consisting of costs associated with site closures, professional fees and other fees associated with restructuring activities.During the nine months ended July 31, 2025, the Company recorded restructuring charges of $26.6 million, as compared to $1.6