Company: GEF
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0000043920-25-000025
Chunk: 54

Company: GREIF, INC
Filing Date: 2025-06-05
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 0.4 24.4 Plus: (gain) loss on disposal of properties, plants and equipment, net— (1.2)0.1 — (1.1)Plus: loss on disposal of businesses, net— — — 1.4 1.4 Plus: other costs*0.2 0.1 0.2 — 0.5 Adjusted EBITDA$92.9 $108.9 $131.0 $26.2 $359.0 Six Months Ended April 30, 2024(in millions)Customized Polymer SolutionsDurable Metal SolutionsSustainable Fiber SolutionsIntegrated SolutionsConsolidatedOperating profit$18.0 $93.4 $27.1 $28.5 $167.0 Less: equity earnings of unconsolidated affiliates, net of tax— — — (1.2)(1.2)Plus: depreciation and amortization expense29.5 14.5 75.9 6.4 126.3 Plus: acquisition and integration related costs13.0 — 1.1 — 14.1 Plus: restructuring and other charges0.4 0.7 (3.0)0.8 (1.1)Plus: non-cash asset impairment charges— 0.4 1.3 — 1.7 Plus: (gain) loss on disposal of properties, plants and equipment, net(0.3)0.1 (0.2)(2.6)(3.0)Plus: other costs*0.1 0.1 0.3 — 0.5 Adjusted EBITDA$60.7 $109.2 $102.5 $34.3 $306.7 *includes fiscal year-end change costs and share-based compensation impact of disposals of businesses

Net Sales

Net sales were $2,651.5 million for the first six months of 2025 compared with $2,576.8 million for the first six months of 2024. The $74.7 million increase was primarily due to $97.2 million contributions from recent acquisitions, partially offset by a $26.5 million impact from the Delta Divestiture. See the “Segment Review” below for additional information on net sales by segment