Company: GEF
Filing Date: 2025-02-27
Form Type: 10-Q
Source: 0000043920-25-000009
Chunk: 80

Company: GREIF, INC
Filing Date: 2025-02-27
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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,265.8 $1,205.8 Operating profit:Customized Polymer Solutions$13.8 $11.7 Durable Metal Solutions37.6 36.9 Sustainable Fiber Solutions3.6 8.2 Integrated Solutions4.9 12.1 Total operating profit$59.9 $68.9 Adjusted EBITDA:Customized Polymer Solutions$39.5 $25.8 Durable Metal Solutions45.2 44.7 Sustainable Fiber Solutions51.5 53.0 Integrated Solutions8.9 13.5 Total Adjusted EBITDA$145.1 $137.0 

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

Three Months EndedJanuary 31,(in millions)20252024Net income$14.4 $74.3 Plus: interest expense, net37.7 24.2 Plus: income tax expense7.8 (38.2)Plus: other expense, net0.4 9.1 Plus: equity earnings of unconsolidated affiliates, net of tax(0.4)(0.5)Operating profit59.9 68.9 Less: equity earnings of unconsolidated affiliates, net of tax(0.4)(0.5)Plus: depreciation, depletion and amortization expense66.6 60.4 Plus: acquisition and integration related costs2.2 2.6 Plus: restructuring charges2.7 5.7 Plus: non-cash asset impairment charges13.7 1.3 Plus: gain on disposal of properties, plants and equipment, net(1.6)(2.7)Plus: loss on disposal of businesses, net0.9 — Plus: other costs*0.3 0.3 Adjusted EBITDA$145.1 $137.0 *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 three months ended January 31, 2025 and 2024:

Three months ended January 31, 2025(in millions)Customized Polymer