Greif GEF Durable Metal Solutions — Impairment of long lived assets
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Where this comes from
Reported directly by Greif in its filing.
Tagged under the XBRL concept us-gaap:ImpairmentOfLongLivedAssetsHeldForUse.
The source filing: Greif’s 10-Q, filed June 5, 2025.
- Filed
- Jun 5, 2025
- Fiscal quarter
- Q3 FY2025
- Calendar quarter
- Q2 2025
- Accession
- 0000043920-25-000025
For six months ended April 30, 2025, the Company wrote down long-lived assets with a carrying value of $44.3 million to a fair value of $24.6 million, resulting in recognized asset impairment charges of $19.7 million. These charges include $0.7 million related to properties, plants and equipment, net, in the Customized Polymer Solutions reportable segment, $2.2 million related to properties, plants and equipment, net, in the Durable Metal Solutions reportable segment, $16.4 million related to properties, plants and equipment, net, in the Sustainable Fiber Solutions reportable segment, $0.2 million related to properties, plants and equipment, net in the Integrated Solutions reportable segment and $0.2 million related to definite-lived intangibles in the Integrated Solutions reportable segment. For six months ended April 30, 2025, the Company also recognized impairment charges of $4.7 million related to net assets held for sale in the Sustainable Fiber Solutions reportable segment.
ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
FAQ
- What is Greif's durable metal solutions — impairment of long lived assets?
- Greif (GEF) reported durable metal solutions — impairment of long lived assets of $100K in Q2 2025.
- What does durable metal solutions — impairment of long lived assets mean?
- This represents the non-cash charge taken when the carrying value of long-lived assets in the Durable Metal Solutions segment exceeds their recoverable amount. It signals a decline in the expected future economic benefit of manufacturing facilities or equipment within this segment. Frequent impairments may indicate structural challenges or overvaluation of assets in the metal packaging market.
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