Greif Announced Progress in Business Restructuring, Cost Cutting Drive

SEATTLE (Scrap Monster): Leading industrial packaging products and services provider, Greif, Inc. announced fiscal third quarter 2025 results.

The company's net income dropped significantly, falling 49.6% to $39.3 million, or $0.67 per diluted share. In the third quarter of 2024, the net income was $78.0 million, or $1.35 per diluted share. Excluding the effect of adjustments, net income rose 11.6% to $60.4 million, or $1.03 per diluted share, in the meantime.

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Year-over-year, the combined adjusted EBITDA increased by 11%, from $199.4 million to $220.9 million. From $78.0 million to $39.3 million, the net income from ongoing operations dropped. From $157.0 million in the year-ao quarter to $160.7 million in the third quarter of fiscal 2025, the adjusted EBITDA grew by 2.4%.

There was a $136.4 million rise in adjusted free cash flow. There was a $192.5 million decrease in the overall debt to $2,717.0 million. Additionally, net debt dropped to $2,431.8 million, a decrease of $283.5 million.

The company finalized a deal to sell the timberlands division to Molpus Woodlands Group for $462.0 million during the quarter; the sale is anticipated to close on October 1, 2025. Additionally, it is anticipated that the proposed sale of Containerboard Business would close on August 31, 2025.