Greif, Inc. (GEF) reported adjusted earnings per share of $1.19 for the second quarter of fiscal 2025, surpassing the Zacks Consensus Estimate of $1.08 and representing a 43.4% increase year over year. Total revenues rose 1.1% to $1.39 billion but fell short of the consensus estimate of $1.43 billion.
The cost of sales increased 3.7% to $1.07 billion, while gross profit grew 18.3% to $319.5 million, resulting in a gross margin of 23.1%. Adjusted EBITDA increased 26% to $214 million, with an adjusted EBITDA margin of 15.4%. Greif reported cash and cash equivalents of $253 million as of April 30, 2025, up from $198 million in the previous year. Long-term debt decreased to $2.29 billion. The company announced a quarterly cash dividend of 54 cents per share for Class A Common Stock to be paid on July 1, 2025.
