Company: GEF
Filing Date: 2025-08-28
Form Type: 10-Q
Source: 0000043920-25-000048
Chunk: 144

Company: GREIF, INC
Filing Date: 2025-08-28
Form: 10-Q
Item: Part I, Item 2
Chunk 144
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 Total operating profit$162.6 $260.5 Adjusted EBITDA:Customized Polymer Solutions$112.7 $100.5 Durable Metal Solutions122.4 125.0 Sustainable Fiber Solutions155.8 141.7 Integrated Solutions21.5 36.6 Total Adjusted EBITDA$412.4 $403.8 

The following table sets forth Adjusted EBITDA, reconciled to net income and operating profit, for our consolidated results for the nine months ended July 31, 2025 and 2024:

Nine Months EndedJuly 31,(in millions)20252024Net income$76.8 $207.7 Plus: interest expense, net46.3 29.4 Plus: other expense, net3.0 9.5 Plus: income tax expense38.0 16.0 Plus: equity earnings of unconsolidated affiliates, net of tax(1.5)(2.1)Operating profit162.6 260.5 Less: equity earnings of unconsolidated affiliates, net of tax(1.5)(2.1)Plus: depreciation, depletion and amortization expense173.5 168.6 Plus: acquisition and integration related costs5.4 16.1 Plus: restructuring and other charges42.5 1.6 Plus: non-cash asset impairment charges27.8 1.9 Plus: gain on disposal of properties, plants and equipment, net(3.7)(6.4)Plus: loss (gain) on disposal of businesses, net1.4 (46.1)Plus: other costs*1.4 5.5 Adjusted EBITDA$412.4 $403.8 *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 nine months ended July 31, 2025 and 2024:

Nine Months Ended July 31, 2025(in millions)Customized Polymer SolutionsDurable Metal SolutionsSustainable Fiber SolutionsIntegrated SolutionsConsolidatedOperating profit$28.8 $95.1 $30.3 $8.4 $162.6 Less: equity earnings of unconsolidated affiliates, net of tax