Company: GEF
Filing Date: 2025-11-19
Form Type: 10-KT
Source: 0001628280-25-053146
Chunk: 47

Company: GREIF, INC
Filing Date: 2025-11-19
Form: 10-KT
Chunk 47
---
 with $1,027.3 million for 2024. The $142.3 million increase was primarily due to $97.2 million of contributions from recent acquisitions, $21.1 million from higher average selling prices, $19.2 million attributable to higher volumes and positive foreign currency translation impacts.

Gross profit was $253.7 million for 2025 compared with $200.1 million for 2024. The $53.6 million increase was primarily due to the same factors that impacted net sales, partially offset by higher raw material, transportation and manufacturing costs. Gross profit margin was 21.7 percent for 2025 compared with 19.5 percent for 2024.

Operating profit was $26.9 million for 2025 compared with $36.0 million for 2024. The $9.1 million decrease was primarily due to higher SG&A expenses related to higher compensation expenses and amortization expenses from recent acquisitions, partially offset by the same factors that impacted gross profit. Adjusted EBITDA was $141.1 million for 2025 compared with $125.5 million for 2024. The $15.6 million increase was primarily due to the same factors that impacted gross profit, partially offset by higher SG&A expenses related to higher compensation expenses.

Durable Metal Solutions

Net sales were $1,368.2 million for 2025 compared with $1,467.8 million for 2024. The $99.6 million decrease was primarily due to $70.7 million attributable to lower volumes, $26.1 million from lower average selling prices and negative foreign currency translation impacts.

Gross profit was $282.5 million for 2025 compared with $290.5 million for 2024. The $8.0 million decrease was primarily due to the same factors that impacted net sales, partially offset by lower raw material costs. Gross profit margin was 20.6 percent for 2025 compared with 19.8 percent for 2024.

Operating profit was $108.0 million for 2025 compared with $120.7 million for 2024. The $12.7 million decrease was primarily due to the same factors that impacted gross profit. Adjusted EBITDA was $150.5 million for 2025 compared with $151.1 million for 2024. The $0.6 million decrease was primarily due to the same factors that impacted gross profit, partially offset by lower incentive costs.

Sustainable Fiber