Company: GEF
Filing Date: 2025-08-28
Form Type: 10-Q
Source: 0000043920-25-000048
Chunk: 49

Company: GREIF, INC
Filing Date: 2025-08-28
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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 not be considered superior to, our reported financial results. Accordingly, users of this financial information should not place undue reliance on the non-GAAP financial measures.

32

Third Quarter Results

The following table sets forth the net sales, operating profit and Adjusted EBITDA for each of our business segments for the three months ended July 31, 2025 and 2024:

Three Months EndedJuly 31,(in millions)20252024Net sales:Customized Polymer Solutions$339.8 $314.7 Durable Metal Solutions399.8 424.1 Sustainable Fiber Solutions308.0 325.6 Integrated Solutions87.1 100.5 Total net sales$1,134.7 $1,164.9 Operating profit:Customized Polymer Solutions$8.8 $9.6 Durable Metal Solutions37.6 36.2 Sustainable Fiber Solutions23.2 35.9 Integrated Solutions3.5 55.0 Total operating profit$73.1 $136.7 Adjusted EBITDA:Customized Polymer Solutions$39.4 $40.5 Durable Metal Solutions47.7 45.6 Sustainable Fiber Solutions65.5 57.1 Integrated Solutions8.1 13.8 Total Adjusted EBITDA$160.7 $157.0 

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

Three Months EndedJuly 31,(in millions)20252024Net income from continuing operations$44.7 $84.5 Plus: interest expense, net14.5 18.8 Plus: other expense, net2.8 0.8 Plus: income tax expense11.8 33.5 Plus: equity earnings of unconsolidated affiliates, net of tax(0.7)(0.9)Operating profit73.1 136.7 Less: equity earnings of unconsolidated affiliates, net of tax(0.7)(0.9)Plus: depreciation, depletion and amortization expense58.8 59.0 Plus: acquisition and integration related costs1.2 2.0 Plus: restructuring and other charges25.2 2.7 Plus: non-cash asset impairment charges