XML 15 R2.htm IDEA: XBRL DOCUMENT v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Net sales $ 1,072.8 $ 1,078.4 $ 2,067.6 $ 2,095.1
Cost of products sold 825.8 829.9 1,618.0 1,647.2
Gross profit 247.0 248.5 449.6 447.9
Selling, general and administrative expenses 191.7 159.9 337.8 320.1
Acquisition and integration related costs 1.4 1.3 2.1 4.1
Restructuring and other charges 15.7 9.1 29.9 12.4
Non-cash asset impairment charges 4.5 17.2 4.7 17.5
(Gain) loss on disposal of properties, plants and equipment, net (1.7) 0.1 (217.4) (2.3)
Loss on disposal of businesses, net 0.0 0.2 0.5 1.3
Operating profit 35.4 60.7 292.0 94.8
Interest expense, net 10.0 15.5 19.7 31.4
Non-cash pension settlement charges 0.7 0.0 1.6 0.0
Debt extinguishment charges 2.5 0.0 2.5 0.0
Other expense, net 0.4 0.2 4.8 1.1
Income from continuing operations before income tax expense and equity earnings of unconsolidated affiliates, net 21.8 45.0 263.4 62.3
Income tax expense 5.9 20.0 64.8 26.8
Equity earnings of unconsolidated affiliates, net of tax (0.4) (0.1) (0.6) (0.9)
Net income from continuing operations 16.3 25.1 199.2 36.4
Net income (loss) from discontinued operations, net of tax 0.0 21.3 (2.0) 36.7
Net income 16.3 46.4 197.2 73.1
Net income attributable to noncontrolling interests (3.7) (6.5) (10.0) (11.2)
Net income attributable to Greif, Inc. $ 12.6 $ 39.9 $ 187.2 $ 61.9
Class A Common Stock        
Basic earnings per share attributable to Greif, Inc. common shareholders:        
Class A and Class B common stock (continued operations) - basic (in usd per share) $ 0.22 $ 0.32 $ 3.31 $ 0.44
Class A and Class B common stock (discontinued operations) - basic (in usd per share) 0 0.37 (0.03) 0.63
Earnings per Class A and Class B common stock - basic (in usd per share) 0.22 0.69 3.28 1.07
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Class A and Class B common stock (continued operations) - diluted (in usd per share) 0.22 0.32 3.27 0.44
Class A and Class B common stock (discontinued operations) - diluted (in usd per share) 0 0.37 (0.03) 0.63
Earnings per Class A and Class B common stock - diluted (in usd per share) $ 0.22 $ 0.69 $ 3.24 $ 1.07
Weighted-average number of Class A and Class B common shares outstanding:        
Basic (in shares) 24,723,479 26,078,625 25,211,171 25,964,448
Diluted (in shares) 24,723,479 26,078,625 25,617,452 25,964,448
Cash dividends declared per common share:        
Cash dividends declared per common share (in usd per share) $ 0.56 $ 0.54 $ 1.12 $ 1.08
Class B Common Stock        
Basic earnings per share attributable to Greif, Inc. common shareholders:        
Class A and Class B common stock (continued operations) - basic (in usd per share) 0.33 0.48 4.95 0.65
Class A and Class B common stock (discontinued operations) - basic (in usd per share) 0 0.55 (0.05) 0.95
Earnings per Class A and Class B common stock - basic (in usd per share) 0.33 1.03 4.90 1.60
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Class A and Class B common stock (continued operations) - diluted (in usd per share) 0.33 0.48 4.95 0.65
Class A and Class B common stock (discontinued operations) - diluted (in usd per share) 0 0.55 (0.05) 0.95
Earnings per Class A and Class B common stock - diluted (in usd per share) $ 0.33 $ 1.03 $ 4.90 $ 1.60
Weighted-average number of Class A and Class B common shares outstanding:        
Basic (in shares) 21,485,063 21,331,127 21,400,064 21,331,127
Diluted (in shares) 21,485,063 21,331,127 21,400,064 21,331,127
Cash dividends declared per common share:        
Cash dividends declared per common share (in usd per share) $ 0.84 $ 0.81 $ 1.67 $ 1.61