Net income decreased 49.6% to $39.3 million or $0.67 per diluted Class A share compared to net income of $78.0 million or $1.35 per diluted Class A share primarily due to a $46.1 million gain from the divestiture of Delta Petroleum Company, Inc. during the Q2 2024.
Net income, excluding the impact of adjustments, increased 11.6% to $60.4 million or $1.03 per share.
Combined Adjusted EBITDA increased 11% to $220.9 million compared to Combined Adjusted EBITDA of $199.4 million in the Q3 2024. Net income for the current period from continuing operations and discontinued operations was $39.3 million and $24.7 million, respectively, compared to $78.0 million and $9.1 million, also respectively.
Q3 2025 Adjusted EBITDA increased 2.4% to $160.7 million compared to Adjusted EBITDA of $157.0 million in the Q3 2024.
“Greif continued to execute this quarter, as evidenced in particular by our strong $171 million of adjusted free cash flow generation,” stated Ole Rosgaard, President and Chief Executive Officer of Grief. “While demand remains mixed, we are driving cash production, ramping up our cost optimization, and executing on portfolio changes all of which give us high confidence in achieving our long-term commitments and creating value for our investors.”
Greif is a global leader in industrial packaging products and services and is pursuing its vision.
