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Apr 30

Greif Q2 2025 Earnings Report

Greif reported solid financial results, with strong adjusted EPS growth and robust cash flow performance in Q2 2025.

Key Takeaways

Greif posted a strong Q2 FY25 with a 6.5% increase in net income and 26% growth in adjusted EBITDA. Cost optimization efforts and strategic divestitures contributed to improved free cash flow and reduced leverage.

Net income rose to $47.3 million, up from $44.4 million year-over-year.

Adjusted EPS surged to $1.19, reflecting strong operational execution.

Adjusted free cash flow increased by $50.6 million to $109.6 million.

Total debt reduced by $140.9 million and leverage ratio improved to 3.3x.

Total Revenue
$1.39B
Previous year: $1.37B
+1.1%
EPS
$1.19
Previous year: $0.82
+45.1%
Volume impact (Metal)
-450%
Price/mix impact (Metal)
-300%
Volume impact (Fiber)
-160%
Gross Profit
$320M
Previous year: $270M
+18.3%
Cash and Equivalents
$253M
Previous year: $196M
+28.9%
Free Cash Flow
$106M
Previous year: $46.5M
+128.8%
Total Assets
$6.75B
Previous year: $6.83B
-1.1%

Greif

Greif

Greif Revenue by Segment

Forward Guidance

Greif raised its low-end fiscal 2025 guidance based on strong Q2 performance and a more favorable price/cost outlook.

Positive Outlook

  • Raised low-end FY25 guidance for Adjusted EBITDA to $725M.
  • Raised low-end FY25 guidance for Adjusted free cash flow to $280M.
  • Strong operational discipline driving cost savings.
  • Progress on timberland business sale expected to further reduce debt.
  • Continued positive impact from pricing in Fiber Solutions.

Challenges Ahead

  • No significant industrial demand recovery expected short-term.
  • Volume softness continues in Metal Solutions.
  • Delta Petroleum divestiture continues to reduce Integrated Solutions revenue.
  • Slight headwinds from higher SG&A and restructuring costs.
  • Ongoing restructuring and impairment charges affecting margins.

Revenue & Expenses

Visualization of income flow from segment revenue to net income