GREIF, INC SEC 10-Q Report

Greif, Inc., a global leader in industrial packaging products and services, has released its latest Form 10-Q report, detailing the company's financial and operational performance for the recent quarter. The report highlights steady growth in key financial metrics and provides insights into the company's business segments and geographical performance.

Financial Highlights

Greif, Inc. reported a solid financial performance for the quarter, showcasing growth across several key metrics:

• Net Sales: $1,385.7 million, reflecting a slight increase from $1,371.0 million in the same period last year.
• Gross Profit: $319.5 million, up from $270.1 million, indicating improved cost management and efficiency.
• Operating Profit: $118.6 million, compared to $98.1 million, driven by higher gross profit and controlled expenses.
• Net Income: $54.5 million, a modest increase from $52.0 million, reflecting stable profitability.
• Net Income Attributable to Greif, Inc.: $47.3 million, up from $44.4 million, showing consistent earnings growth.
• Basic Earnings Per Share Attributable to Greif, Inc. Common Shareholders - Class A Common Stock: $0.82, compared to $0.77, indicating a positive trend in shareholder returns.
• Basic Earnings Per Share Attributable to Greif, Inc. Common Shareholders - Class B Common Stock: $1.22, up from $1.15, reflecting enhanced earnings distribution to shareholders.
• Diluted Earnings Per Share Attributable to Greif, Inc. Common Shareholders - Class A Common Stock: $0.82, consistent with basic EPS, showing no dilution effect.
• Diluted Earnings Per Share Attributable to Greif, Inc. Common Shareholders - Class B Common Stock: $1.22, consistent with basic EPS, indicating stable earnings per share.

Business Highlights

The company's business performance was marked by varied results across its different segments and geographical regions:

• Revenue Segments:
  • The Customized Polymer Solutions segment reported net sales of $329.3 million for the three months ended April 30, 2025, reflecting growth driven by increased demand in the chemicals, food and beverage, and pharmaceutical industries.
  • The Durable Metal Solutions segment experienced a decline in net sales to $378.9 million, attributed to reduced demand in the agriculture and paints and coatings sectors.
  • Sustainable Fiber Solutions saw an increase in net sales to $599.1 million, supported by strong performance in the North American packaging and automotive industries.
  • Integrated Solutions reported net sales of $78.4 million, with a focus on paints, linings, and closure systems for industrial packaging products.
• Geographical Performance:
  • In the United States, net sales reached $861.8 million, driven by strong performance in the Sustainable Fiber Solutions segment.
  • Europe, Middle East, and Africa contributed $370.1 million to net sales, with Durable Metal Solutions being a significant contributor.
  • Asia Pacific and Other Americas regions reported net sales of $153.8 million, with growth in Customized Polymer Solutions.
• Future Outlook:
  • The company anticipates continued growth in the Customized Polymer Solutions segment as synergies from recent acquisitions are realized and businesses are fully integrated.
  • Management expects the Sustainable Fiber Solutions segment to benefit from ongoing demand in the packaging and automotive industries, particularly in North America.

SEC Filing: GREIF, INC [ GEF ] - 10-Q - Jun. 05, 2025