GREIF, INC. REPORTS 6.5% NET INCOME GROWTH

By Greg Peters • Monday, June 09 15:43 • Permanent Link

Greif, Inc. (NYSE: GEF, GEF.B) has reported its fiscal second quarter 2025 results, highlighting notable changes compared to the second quarter of 2024. Here are the specific figures:

Net income increased by 6.5% to $47.3 million or $0.82 per diluted class A share, compared to net income of $44.4 million or $0.77 per diluted class A share in the second quarter of 2024. When excluding the impact of adjustments, net income increased by 42.8% to $68.7 million or $1.19 per diluted class A share, compared to net income of $48.1 million or $0.83 per diluted class A share in the same period last year.
Adjusted EBITDA increased by 26.0% to $213.9 million, compared to adjusted EBITDA of $169.7 million in the second quarter of 2024.
Net cash provided by operating activities increased by $48.9 million to a source of $136.4 million. Adjusted free cash flow increased by $50.6 million to a source of $109.6 million.
Total debt decreased by $140.9 million to $2,775.2 million, while net debt decreased by $197.6 million to $2,522.5 million. The leverage ratio decreased to 3.3x from 3.4x in the prior year quarter.
Customized Polymer Solutions segment's net sales increased by $43.7 million to $329.3 million, primarily due to $38.8 million of contributions from recent acquisitions.
Durable Metal Solutions segment's net sales decreased by $34.8 million to $378.9 million, mainly due to lower volumes and lower average selling prices.
Sustainable Fiber Solutions segment's net sales increased by $19.0 million to $599.1 million, primarily due to higher published containerboard and boxboard prices, partially offset by lower volumes.
Integrated Solutions segment's net sales decreased by $13.2 million to $78.4 million, primarily due to the divestiture of Delta Petroleum Company, Inc. during the third quarter of 2024.
The company recorded an income tax rate of 35.5% during the second quarter, with a tax rate excluding the impact of adjustments of 32.8%.
The board of directors declared quarterly cash dividends of $0.54 per share of class A common stock and $0.81 per share of class B common stock.
Greif has raised its fiscal year low-end guidance estimate for adjusted EBITDA to $725 million and adjusted free cash flow to $280 million based on its second quarter performance and improved price/cost outlook.

These figures illustrate the company's performance and changes in key metrics compared to the prior year, reflecting both positive and negative movements across various segments and financial indicators. The market has reacted to these announcements by moving the company's shares -0.99% to a price of $65.80. Check out the company's full 8-K submission here.

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