Filing Flows › Greif (GEF) › Q1 FY25
Greif (GEF) Q1 FY25 earnings results (first quarter fiscal 2025)
10-K filed Dec 23, 2024
Greif (GEF) reported revenue of $1.1B for the first quarter fiscal 2025 (Q1 FY25), -15% from a year earlier and -24% from the quarter before. Operating margin was 7.0%, net earnings $70.1M (6.3% of revenue).
Greif, Q1 FY25: revenue $1.1B (-15% year over year), operating margin 7.0%, net earnings $70.1M, operating cash flow $187M. The chart follows the revenue to costs, profit and cash.
| Q1 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -24% | -15% |
| Gross profit | $228M | -22% | -17% |
| Operating profit | $77.3M | -55% | -31% |
| Net earnings | $70.1M | -20% | +3% |
| Operating cash flow | $187M | +144% | -8% |
| Free cash flow | $142M | — | +13% |
What changed
Revenue was $1.1B in Q1 FY25, down 15% year over year and down 24% from the previous quarter.
Gross margin was 20.6%, down 0.5 points from Q1 FY24. Operating profit was $0.08B, a 7.0% margin (down 1.6 points year over year). Operating expenses fell 8% while revenue fell 15%. Net earnings were $0.07B, up 3% year over year. The effective tax rate was 7.6%.
Operating cash flow was $0.19B (down 8% year over year), 248% of net income including minority interests. Non-cash charges added back $0.07B of depreciation and amortization. Working capital and other items added $0.04B. After cash paid for purchases of properties, plants and equipment ($0.05B), free cash flow as the company reports it was $0.14B.
Questions
What was Greif's revenue in the first quarter fiscal 2025?
Greif (GEF) reported revenue of $1.1B for the first quarter fiscal 2025 (Q1 FY25), -15% from a year earlier and -24% from the quarter before.
Was Greif profitable in the first quarter fiscal 2025?
Operating profit was $77.3M (7.0% of revenue) and net earnings $70.1M.
Source: Greif 10-K on SEC EDGAR.