Company: GEF
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0000043920-25-000025
Chunk: 97

Company: GREIF, INC
Filing Date: 2025-06-05
Form: 10-Q
Item: Part I, Item 8
Chunk 97
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 Durable Metal Solutions54.1 56.5 Sustainable Fiber Solutions25.9 18.9 Integrated Solutions12.8 16.4 Total operating profit$118.6 $98.1 Adjusted EBITDA:Customized Polymer Solutions$53.4 $34.9 Durable Metal Solutions63.7 64.5 Sustainable Fiber Solutions79.5 49.5 Integrated Solutions17.3 20.8 Total Adjusted EBITDA$213.9 $169.7 

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

Three Months EndedApril 30,(in millions)20252024Net income$54.5 $52.0 Plus: interest expense, net34.9 30.2 Plus: other income, net(0.2)(0.4)Plus: income tax expense29.8 17.0 Plus: equity earnings of unconsolidated affiliates, net of tax(0.4)(0.7)Operating profit118.6 98.1 Less: equity earnings of unconsolidated affiliates, net of tax(0.4)(0.7)Plus: depreciation, depletion and amortization expense66.4 65.9 Plus: acquisition and integration related costs2.0 11.5 Plus: restructuring and other charges14.6 (6.8)Plus: non-cash asset impairment charges10.7 0.4 Plus: loss (gain) on disposal of properties, plants and equipment, net0.5 (0.3)Plus: loss on disposal of businesses, net0.5 — Plus: other costs*0.2 0.2 Adjusted EBITDA$213.9 $169.7 *includes fiscal year-end change costs and share-based compensation impact of disposals of businesses

31

The following table sets forth Adjusted EBITDA for our business segments, reconciled to the operating profit for each segment, for the three months ended April 30, 2025 and 2024:

Three Months Ended April 30, 2025(in millions)Customized Polymer SolutionsDurable Metal SolutionsSustainable Fiber SolutionsIntegrated SolutionsConsolidatedOperating profit$25.8 $