American Forest & Paper Association Releases April 2021 Packaging Papers Monthly Report

Net Income was $190 million. This compares to second quarter 2023 Net Income of $150 million. The second quarter of 2024 was impacted by a net gain from special items of $22 million and the second quarter of 2023 was impacted by a net charge from special items of $37 million. Michael Doss, the Company's President and CEO said, "Second quarter played out largely as expected, with continued strength in Foodservice and Beverage results, and strong execution driving solid Adjusted EBITDA. Consumers are responding to higher prices by shifting their purchasing patterns, and our portfolio, designed to move with the consumer, is doing just that. Graphic Packaging's innovation leadership was on full display in the quarter with a big win for Paperseal™ Shape at one of the UK's largest food retailers. We are delivering the sustainable packaging solutions consumers prefer and are on track to reach $200 million in Innovation Sales Growth during 2024.

Q3 2022 Highlights *Sales of $1,174 million (compared with $1,119 million in Q2 2022 and $1,030 million in Q3 2021) **As reported (including specific items) *Operating income of $25 million (compared with $32 million in Q2 2022 and $73 million in Q3 2021) *Operating income before depreciation and amortization (OIBD) of $92 million (compared with $95 million in Q2 2022 and $136 million in Q3 2021)

Greif has launched a lightweight, high-performance jerrycan in Brazil suitable for packaging agrochemicals, chemicals, flavors, fragrances, and beverages. The JCR20L is almost 20 percent lighter than the standard 20-liter jerrycan. The reduced weight accommodates up to seven percent more jerrycans per pallet and 6.7 percent greater warehouse storage capacity. In addition, the lighter weight means lower collection costs for recycling. Internal analysis indicates that the combination of these factors amounts to a 25 percent reduction in CO2 emissions compared to the standard 20-liter jerrycan.