Exhibit 99.2

CERTAIN HISTORICAL FINANCIAL INFORMATION
PRESENTED UNDER NEW REPORTABLE SEGMENT STRUCTURE

This Exhibit 99.2 presents certain historical financial information of Greif, Inc. (the “Company”) for each of the reporting periods presented below in order to present such information aligned to the Company’s new reportable segment structure, as described in Item 7.01 of the Current Report on Form 8-K under which this Exhibit 99.2 is furnished (the “Form 8-K”). The information set forth in Item 7.01 of the Form 8-K is incorporated herein by reference. Capitalized terms used in this Exhibit 99.2 but not otherwise defined herein shall have the meaning ascribed to such term in Item 7.01 of the Form 8-K.


The following table presents net sales, gross profit and operating profit by reportable segments, along with the non-GAAP financial measures of Adjusted EBITDA by reportable segments, for each of the 2024 and 2023 reporting periods indicated, presented under the new reportable segment structure discussed in the Form 8-K from the original presentation in the 2024 Earnings Releases. See below for the GAAP to non-GAAP reconciliation of the reportable segment EBITDA and Adjusted EBITDA to reportable segment operating profit.

GREIF, INC. AND SUBSIDIARY COMPANIES
FINANCIAL HIGHLIGHTS BY REPORTABLE SEGMENT
UNAUDITED
 Three Months Ended
October 31,		Three Months Ended
July 31,		Three Months Ended
April 30,		Three Months Ended
January 31,		Three Months Ended
October 31,		Three Months Ended
July 31,		Three Months Ended
April 30,		Three Months Ended
January 31,
(in millions)20242024202420242023202320232023
Net sales:
Customized Polymer Solutions$306.8 $314.7 $285.6 $228.0 $230.1 $242.8 $236.9 $207.3 
Durable Metal Solutions393.8 424.1 413.7 370.5 398.2 421.0 410.1 402.4 
Sustainable Fiber Solutions636.5 624.7 580.1 528.8 603.5 590.6 580.0 592.8 
Integrated Solutions80.0 90.7 91.6 78.5 76.6 75.9 81.9 68.5 
Total net sales$1,417.1 $1,454.2 $1,371.0 $1,205.8 $1,308.4 $1,330.3 $1,308.9 $1,271.0 
Gross profit:
Customized Polymer Solutions$62.4 $60.6 $55.5 $44.2 $52.8 $59.7 $58.7 $39.6 
Durable Metal Solutions78.4 85.7 89.3 65.8 73.6 87.1 89.7 58.2 
Sustainable Fiber Solutions124.3 113.4 93.7 88.3 125.9 137.0 136.2 137.9 
Integrated Solutions23.6 30.7 31.6 23.3 23.4 23.2 27.2 15.9 
Total gross profit$288.7 $290.4 $270.1 $221.6 $275.7 $307.0 $311.8 $251.6 
Operating profit:
Customized Polymer Solutions$18.7 $18.8 $6.3 $11.7 $19.0 $29.0 $35.8 $6.7 
Durable Metal Solutions46.2 36.7 56.5 36.9 48.1 63.6 64.7 28.7 
Sustainable Fiber Solutions50.0 54.7 18.9 8.2 35.1 53.2 66.0 118.8 
Integrated Solutions11.7 60.8 16.4 12.1 10.2 9.8 14.6 2.2 
Total operating profit$126.6 $171.0 $98.1 $68.9 $112.4 $155.6 $181.1 $156.4 
Adjusted EBITDA(1):
Customized Polymer Solutions$44.8 $49.7 $34.9 $25.8 $34.5 $42.9 $41.1 $24.6 
Durable Metal Solutions51.5 46.1 64.5 44.7 56.7 71.2 68.9 36.8 
Sustainable Fiber Solutions86.3 84.0 49.5 53.0 96.7 101.3 104.0 100.8 
Integrated Solutions15.6 19.6 20.8 13.5 15.1 14.4 18.6 5.6 
Total Adjusted EBITDA$198.2 $199.4 $169.7 $137.0 $203.0 $229.8 $232.6 $167.8 

(1) Adjusted EBITDA is defined as net income, plus interest expense, net, plus income tax (benefit) expense, plus other (income) expense, net, plus depreciation, depletion and amortization expense, plus acquisition and integration related costs, plus restructuring charges, plus non-cash asset impairment charges, plus non-cash pension settlement charges, plus gain (loss) on disposal of properties, plants and equipment, (gain) loss on disposal of businesses, net, plus other costs.


The following table presents a reconciliation of reportable segment net income to reportable Adjusted EBITDA for each of the 2024 and 2023 periods indicated, presented under the new reportable segment structure discussed in the Form 8-K from the original presentation in the 2024 Earnings Releases.

GREIF, INC. AND SUBSIDIARY COMPANIES
GAAP TO NON-GAAP RECONCILIATION
CONSOLIDATED ADJUSTED EBITDA
UNAUDITED
Three Months Ended
October 31,		Three Months Ended
July 31,		Three Months Ended
April 30,		Three Months Ended
January 31,		Three Months Ended
October 31,		Three Months Ended
July 31,		Three Months Ended
April 30,		Three Months Ended
January 31,
(in millions)20242024202420242023202320232023
Net income$64.0 $93.6 $52.0 $74.3 $73.3 $96.7 $116.0 $93.1 
Plus: Interest expense, net39.2 41.3 30.2 24.2 24.8 25.3 23.4 22.8 
Plus: Non-cash pension settlement charges— — — — 3.5 — — — 
Plus: Income tax (benefit) expense23.7 36.2 17.0 (38.2)9.9 31.1 39.1 37.7 
Plus: Other (income) expense, net0.6 0.8 (0.4)9.1 1.4 3.4 2.9 3.3 
Plus: Equity earnings of unconsolidated affiliates, net of tax(0.9)(0.9)(0.7)(0.5)(0.5)(0.9)(0.3)(0.5)
Operating profit$126.6 $171.0 $98.1 $68.9 $112.4 $155.6 $181.1 $156.4 
Less: Equity earnings of unconsolidated affiliates, net of tax(0.9)(0.9)(0.7)(0.5)(0.5)(0.9)(0.3)(0.5)
Plus: Depreciation, depletion and amortization expense67.9 67.1 65.9 60.4 61.2 57.7 56.6 55.1 
Plus: Acquisition and integration related costs2.4 2.0 11.5 2.6 3.5 3.4 4.6 7.5 
Plus: Restructuring charges3.8 2.7 (6.8)5.7 5.2 8.7 2.4 2.4 
Plus: Non-cash asset impairment charges0.7 0.2 0.4 1.3 16.9 1.6 1.3 0.5 
Plus: (Gain) loss on disposal of properties, plants and equipment, net(2.4)(3.4)(0.3)(2.7)0.8 1.7 (5.0)— 
Plus: (Gain) loss on disposal of businesses, net0.1 (46.1)— — 0.1 0.3 (9.8)(54.6)
Plus: Other costs*(1.8)5.0 0.2 0.3 2.4 (0.1)1.1 — 
Adjusted EBITDA$198.2 $199.4 $169.7 $137.0 $203.0 $229.8 $232.6 $167.8 
*Includes fiscal year-end change costs, business modernization costs and share-based compensation impact of disposals of businesses


The following table presents a reconciliation of reportable segment operating profit to reportable Adjusted EBITDA for each of the 2024 and 2023 periods indicated, presented under the new reportable segment structure discussed in the Form 8-K from the original presentation in the 2024 Earnings Releases.

GREIF, INC. AND SUBSIDIARY COMPANIES
GAAP TO NON-GAAP RECONCILIATION
REPORTABLE SEGMENT ADJUSTED EBITDA(2)
UNAUDITED
 Three Months Ended
October 31,		Three Months Ended
July 31,		Three Months Ended
April 30,		Three Months Ended
January 31,		Three Months Ended
October 31,		Three Months Ended
July 31,		Three Months Ended
April 30,		Three Months Ended
January 31,
(in millions)20242024202420242023202320232023
Customized Polymer Solutions
Operating profit$18.7 $18.8 $6.3 $11.7 $19.0 $29.0 $35.8 $6.7 
Less: Equity earnings of unconsolidated affiliates, net of tax— — — — (0.1)— (0.3)(0.5)
Plus: Depreciation and amortization expense22.6 27.2 17.5 12.0 12.3 12.3 11.9 10.9 
Plus: Acquisition and integration related costs2.4 1.8 11.2 1.8 2.0 1.2 2.5 5.1 
Plus: Restructuring charges0.9 1.0 0.2 0.2 0.1 0.3 0.3 1.4 
Plus: Non-cash asset impairment charges0.3 — — — 0.1 — — — 
Plus: (Gain) loss on disposal of properties, plants and equipment, net0.2 (0.1)(0.3)— 0.1 0.1 — — 
Plus: (Gain) loss on disposal of businesses, net— — — — 0.5 — (9.9)— 
Plus: Other costs*(0.3)1.0 — 0.1 0.3 0.2 — 
Adjusted EBITDA$44.8 $49.7 $34.9 $25.8 $34.5 $42.9 $41.1 $24.6 
Durable Metal Solutions
Operating profit$46.2 $36.7 $56.5 $36.9 $48.1 $63.6 $64.7 $28.7 
Plus: Depreciation and amortization expense7.3 7.3 7.2 7.3 7.3 7.1 7.1 7.2 
Plus: Restructuring charges1.3 1.0 0.3 0.4 0.2 0.5 0.6 0.4 
Plus: Non-cash asset impairment charges— — 0.4 — 0.3 — 1.0 0.5 
Plus: (Gain) loss on disposal of properties, plants and equipment, net
(2.8)(0.1)0.1 — 0.2 — (4.7)— 
Plus: Other costs*(0.5)1.2 — 0.1 0.6 — 0.2 — 
Adjusted EBITDA$51.5 $46.1 $64.5 $44.7 $56.7 $71.2 $68.9 $36.8 
Sustainable Fiber Solutions
Operating profit$50.0 $54.7 $18.9 $8.2 $35.1 $53.2 $66.0 $118.8 
Plus: Depreciation, depletion and amortization expense35.2 29.1 37.9 38.0 38.5 35.3 34.4 33.8 
Plus: Acquisition and integration related costs— 0.2 0.3 0.8 1.5 2.2 2.1 2.4 
Plus: Restructuring charges1.4 0.8 (7.6)4.6 4.1 6.9 1.1 0.4 
Plus: Non-cash asset impairment charges0.4 — — 1.3 16.1 1.6 — — 
Plus: (Gain) loss on disposal of properties, plants and equipment, net0.2 (3.1)(0.2)— 0.5 1.9 (0.3)— 
Plus: (Gain) loss on disposal of businesses, net— — — — (0.4)0.3 0.1 (54.6)
Plus: Other costs*(0.9)2.3 0.2 0.1 1.3 (0.1)0.6 — 
Adjusted EBITDA$86.3 $84.0 $49.5 $53.0 $96.7 $101.3 $104.0 $100.8 


Integrated Solutions
Operating profit$11.7 $60.8 $16.4 $12.1 $10.2 $9.8 $14.6 $2.2 
Less: Equity earnings of unconsolidated affiliates, net of tax(0.9)(0.9)(0.7)(0.5)(0.4)(0.9)— — 
Plus: Depreciation and amortization expense2.8 3.5 3.3 3.1 3.1 3.0 3.2 3.2 
Plus: Restructuring charges0.2 (0.1)0.3 0.5 0.8 1.0 0.4 0.2 
Plus: Non-cash asset impairment charges— 0.2 — — 0.4 — 0.3 — 
Plus: (Gain) loss on disposal of properties, plants and equipment, net— (0.1)0.1 (2.7)— (0.3)— — 
Plus: (Gain) loss on disposal of businesses, net0.1 (46.1)— — — — — — 
Plus: Other costs*(0.1)0.5 — — 0.2 — 0.1 
Adjusted EBITDA$15.6 $19.6 $20.8 $13.5 $15.1 $14.4 $18.6 $5.6 
*Includes fiscal year-end change costs and share-based compensation impact of disposals of businesses

(2) Adjusted EBITDA is defined as net income, plus interest expense, net, plus income tax (benefit) expense, plus other (income) expense, net, plus depreciation, depletion and amortization expense, plus acquisition and integration related costs, plus restructuring charges, plus non-cash asset impairment charges, plus non-cash pension settlement charges, plus (gain) loss on disposal of properties, plants and equipment, plus (gain) loss on disposal of businesses, net, plus other costs. However, because the Company does not calculate net income by segment, this table calculates adjusted EBITDA by segment with reference to operating profit by segment, which, as demonstrated in the table of consolidated adjusted EBITDA, is another method to achieve the same result.



The following table presents net sales by reportable segments and geographic operating segments, depreciation, depletion and amortization expenses by reportable segments, and capital expenditures by reportable segments for fiscal years 2024 and 2023, presented under the new reportable segment structure discussed in the Form 8-K from the original presentation in the fourth fiscal quarter of 2024 earnings release. The following information is unaudited:

Twelve Months Ended October 31, 2024Twelve Months Ended October 31, 2023
(in millions)United StatesEurope, Middle East and AfricaAsia Pacific and Other AmericasUnited StatesEurope, Middle East and AfricaAsia Pacific and Other Americas
Customized Polymer Solutions$508.8 $438.2 $188.1 $442.3 $380.1 $94.7 
Durable Metal Solutions314.7 905.1 382.3 336.4 893.5 401.8 
Sustainable Fiber Solutions2,316.2 0.7 53.2 2,313.3 0.6 53.0 
Integrated Solutions266.0 44.0 30.8 240.3 36.7 25.9 
Total net sales$3,405.7 $1,388.0 $654.4 $3,332.3 $1,310.9 $575.4 

 Twelve Months Ended
October 31,
(in millions)20242023
Depreciation, depletion and amortization expense:
Customized Polymer Solutions$79.3 $47.4 
Durable Metal Solutions29.1 28.7 
Sustainable Fiber Solutions140.2 142.0 
Integrated Solutions12.7 12.5 
Total depreciation, depletion and amortization expense$261.3 $230.6 
Capital expenditures:
Customized Polymer Solutions$40.9 $37.7 
Durable Metal Solutions25.7 32.1 
Sustainable Fiber Solutions94.7 118.3 
Integrated Solutions5.9 12.1 
Total segment167.2 200.2 
Corporate and other1.8 18.0 
Total capital expenditures$169.0 $218.2