Greif Q1 net income falls 87.2% to $8.6 million; adjusted EBITDA up 5.9%
Greif reported fiscal first-quarter 2025 results for the quarter ended January 31, 2025. Net sales rose to $1,265.8 million from $1,205.8 million, but net income attributable to Greif fell to $8.6 million from $67.2 million, mainly because the prior-year quarter included a non-recurring $48.1 million income tax benefit. The company also issued low-end fiscal 2025 guidance for Adjusted EBITDA of $710 million and adjusted free cash flow of $245 million.
Key points
- Net sales $1,265.8 million vs. $1,205.8 million; net income attributable to Greif $8.6 million, or $0.15 per diluted Class A share, vs. $1.17 a year earlier
- Adjusted EBITDA $145.1 million, up 5.9%; adjusted free cash flow was a use of $61.9 million
- Total debt rose $548.4 million to $2,840.2 million, mainly from the Ipackchem acquisition; leverage ratio 3.63x vs. 2.46x
- Plans to divest about 176,000 acres of Southeastern U.S. timberland, with proceeds applied to debt reduction; fiscal 2025 low-end Adjusted EBITDA guidance of $710 million
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 03, 2025.
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