Greif, Inc., a global leader in industrial packaging products and services, reported its fiscal second quarter 2025 results, showing a 6.5% increase in net income to $47.3 million, or $0.82 per diluted Class A share, compared to the same period in 2024, where net income was $44.4 million, or $0.77 per diluted Class A share. Excluding adjustments, net income rose 42.8% to $68.7 million, or $1.19 per diluted Class A share, from $48.1 million, or $0.83 per diluted Class A share, in the previous year. Adjusted EBITDA saw a significant increase of 26.0% to $213.9 million from $169.7 million. Additionally, net cash provided by operating activities increased by $48.9 million. The company also achieved $10.0 million in run-rate savings, confirming its expectation to reach $15.0 million to $25.0 million on a run-rate basis by the end of fiscal year 2025. Greif's CEO, Ole Rosgaard, highlighted the company's strategic progress under its Build to Last strategy and emphasized Greif's resilience and operational discipline in delivering strong financial performance. The company also announced that net sales from its acquisition of Ipackchem Group SAS will be included in the Customized Polymer Solutions segment starting in the fiscal third quarter of 2025.
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