Greif, Inc. Files 8-K on Financials

TL;DR

GREIF filed an 8-K detailing financial results and operations.

AI Summary

Greif, Inc. filed an 8-K on December 5, 2024, reporting on its results of operations and financial condition. The filing also includes Regulation FD disclosures and financial statements and exhibits. The company is incorporated in Delaware and its fiscal year ends on October 31st.

Why It Matters

This filing provides crucial updates on Greif, Inc.'s financial performance and operational status, which can influence investor decisions.

Risk Assessment

Risk Level: low — This is a routine financial filing (8-K) that doesn't indicate any immediate or unusual risks.

Key Numbers

• 001-00566 — Commission File Number (Identifies the company's SEC filing record.)
• 31-4388903 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• GREIF, INC. (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• 425 Winter Road, Delaware Ohio 43015 (address) — Business and mailing address

FAQ

Filing Documents

• gef-20241205.htm (8-K) — 40KB
• gef2024q48-kerex991.htm (EX-99.1) — 651KB
• gef2024reportablesegmentpr.htm (EX-99.2) — 388KB
• gef-20241205_g1.jpg (GRAPHIC) — 25KB
• logotagline10qp1a40.jpg (GRAPHIC) — 25KB
• 0000043920-24-000050.txt ( ) — 1398KB
• gef-20241205.xsd (EX-101.SCH) — 2KB
• gef-20241205_def.xml (EX-101.DEF) — 16KB
• gef-20241205_lab.xml (EX-101.LAB) — 28KB
• gef-20241205_pre.xml (EX-101.PRE) — 16KB
• gef-20241205_htm.xml (XML) — 4KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On December 4, 2024, Greif, Inc. (the "Company") issued a press release (the "Earnings Release") announcing the financial results for its fourth quarter and fiscal year ended October 31, 2024. The full text of the Earnings Release is attached as Exhibit 99.1 to this Current Report on Form 8-K. The Earnings Release includes various non-GAAP financial measures, including measures such as net income excluding the impact of certain adjustments, earnings per diluted Class A share excluding the impact of certain adjustments, consolidated adjusted EBITDA, adjusted free cash flow and net debt. Management of the Company uses these non-GAAP financial measures to evaluate ongoing operations and believes that these non-GAAP financial measures are useful to investors. The exclusion of the impact of the identified adjustments enable management and investors to perform meaningful comparisons of current and historical performance of the Company. Management of the Company also believes that the exclusion of the impact of the identified adjustments provides a stable platform on which to compare the historical performance of the Company and that investors desire this information. The non-GAAP financial measures included in the Earnings Release should be read together with our financial results. These non-GAAP financial measures should not be considered an alternative or substitute for, and should not be considered superior to, our reported financial results. Accordingly, users of this financial information should not place undue reliance on the non-GAAP financial measures included in the Earnings Release. Section 7 – Regulation FD

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. The information in this Item 7.01 of this Current Report on Form 8-K of Greif, Inc. is being furnished in order to provide certain historical financial information of the Company in a revised presentation aligned with the Company's new reportable segment structure described below. The Company previously reported its financial results in three reportable segments: Global Industrial Packaging ("GIP"); Paper Packaging & Services; and Land Management. Beginning in the first day of the first fiscal quarter of 2025, the Company implemented changes to its reporting structure, moving to a material solution-based structure. The Company believes this structure will enable it to more efficiently utilize its robust scale and global network of facilities, align operations to capitalize on its deep subject matter expertise, enable further innovation and growth, and optimize cross-selling and margin expansion opportunities. This internal re-alignment has resulted in a change in the Company's reportable segments. Starting with the first fiscal quarter of 2025, the Company will report its financial results in four reportable segments: Customized Polymer Solutions; Durable Metal Solutions; Sustainable Fiber Solutions; and Integrated Solutions. The products and services included in each of these reportable segments are as follows: Customized Polymer Solutions: Operations in the Customized Polymer Solutions reportable segment involve the production and sale of a comprehensive line of polymer based packaging products, such as plastic drums, rigid intermediate bulk containers and small plastics. The Company's polymer-based packaging products and services are sold on a global basis to customers in industries such as chemicals, food and beverage, agricultural, pharmaceutical and mineral products, among others. Durable Metal Solutions : Operations in the Durable Metal Solutions reportable segment involve the production and sale of metal-based pa

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release issued by Greif, Inc. on December 4, 2024 announcing the financial results for its fourth quarter and fiscal year ended October 31, 2024. 99.2 Certain historical financial information presented under new reportable segment structure.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GREIF, INC. Date: December 5, 2024 By /s/ Lawrence A. Hilsheimer Lawrence A. Hilsheimer, Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR