Strategic Cost Optimization
Greif has identified $5 million of savings on a run rate basis and reaffirms expectation to achieve at least $15 million to $25 million on a run rate basis by the end of the year as part of a $100 million cost optimization effort.
Positive EBITDA Growth
Adjusted EBITDA for the quarter was $145 million, an improvement of $7 million over the prior year quarter, demonstrating resilience despite challenging market conditions.
Polymer and Integrated Solutions Growth
Polymers were up 2.7%, driven by demand in the ag and food sectors, particularly in EMEA. Integrated solutions saw low double-digit growth in key product groups, including caps and closures and paints, linings, and adhesives.
Global Supply Chain Resilience
Greif's supply channels remain largely unaffected by tariffs due to a flexible and adaptable global supply chain, ensuring continued delivery of customer service and growth.