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Greif, Inc. (NYSE:GEF, GEF.B))), a global leader in performance packaging and services, announced today it has completed the previously announced sale of its containerboard business to Packaging Corporation of America.
As a result of this divestment, Greif is also adjusting its 2025 full-year guidance to exclude the previously disclosed $168 million of year-to-date Adjusted EBITDA performance, as well as implied fourth quarter performance of $50 million related to the containerboard business. The revised guidance, which comprises only continuing operations for the full fiscal year 2025, is $507 million to $517 million of Adjusted EBITDA. Our Adjusted Free Cash Flow guidance remains as previously presented inclusive of discontinued operations due to the impracticality of separately presenting cash flows from discontinued operations and is adjusted by $15 million to a range of $290 million to $300 million to adjust for lack of expected September cash contribution from the containerboard business operations.
Goldman Sachs acted as exclusive financial advisor to Greif on the transaction.
Posted In: GEF
