Greif, Inc. is a global producer of industrial packaging products and services, headquartered in Delaware, Ohio. The company manufactures steel, plastic, and fibre drums, intermediate bulk containers, and containerboard products. It serves diverse industries including chemicals, food and beverage, and agriculture across more than 35 countries.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
3,933,100
5,448,100
5,218,600
6,349,500
Cost of Sales
3,061,600
4,377,300
4,072,500
5,064,100
Gross Profit
871,500
1,070,800
1,146,100
1,285,400
Selling, General & Administrative Expenses
601,900
634,500
549,100
581,000
Other Operating Expenses
102,000
(28,300)
(8,500)
83,200
Operating Profit
167,600
464,600
605,500
621,200
Interest Expense
(56,100)
(134,900)
(96,300)
(61,200)
Non-Operating Income
(7,800)
(10,100)
(14,500)
(34,300)
Total Non-Operating Income
(63,900)
(145,000)
(110,800)
(95,500)
Income Before Provision for Income Taxes
103,700
319,600
494,700
525,700
Provision for Income Taxes
64,800
27,200
117,800
137,100
Consolidated Net Income
38,900
292,400
376,900
388,600
Net Income Attributable to Minority Interests and Other
(23,100)
(26,700)
(19,900)
(17,300)
Net Income Attributable to Discontinued Operations
824,900
—
—
—
Net Income Attributable to Common Shareholders
840,000
268,800
359,200
376,700
Basic EPS
17.68
4.66
6.22
6.36
Diluted EPS
17.68
4.64
6.15
6.30
Basic Weighted Average Shares Outstanding
47,501
25,800
25,600
26,300
Diluted Weighted Average Shares Outstanding
47,501
26,000
26,000
26,600
Shares Outstanding
47,501
47,181
46,805
47,443
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
256,700
197,700
180,900
147,100
Total Cash and Cash Equivalents
256,700
197,700
180,900
147,100
Accounts Receivable
655,300
746,900
659,400
749,100
Total Trade Receivables
655,300
746,900
659,400
749,100
Inventories
336,800
399,500
338,600
403,300
Other Current Assets
181,600
205,300
190,200
199,900
Total Current Assets
1,430,400
1,549,400
1,369,100
1,499,400
Net Property, Plant & Equipment
1,355,800
1,975,000
1,883,400
1,710,900
Net Intangible Assets
840,900
937,100
792,200
576,200
Goodwill
1,696,500
1,953,700
1,693,000
1,464,500
Other Long-Term Assets
443,200
232,400
223,100
218,900
Total Assets
5,766,800
6,647,600
5,960,800
5,469,900
Accounts Payable
429,600
521,900
497,800
561,300
Accrued Expenses
137,900
156,900
137,700
174,400
Short-Term Debt
287,700
18,600
5,400
5,700
Current Portion of Long-Term Debt
—
95,800
88,300
71,100
Current Portion of Leases
49,400
62,100
57,200
49,800
Other Current Liabilities
225,000
159,100
152,900
185,600
Total Current Liabilities
1,129,600
1,014,400
939,300
1,047,900
Long-Term Debt
914,800
2,626,200
2,121,400
1,839,300
Leases
173,200
264,400
268,100
209,600
Other Long-Term Liabilities
504,500
495,200
520,400
563,000
Total Long-Term Liabilities
1,592,500
3,385,800
2,909,900
2,611,900
Total Liabilities
2,722,100
4,400,200
3,849,200
3,659,800
Common Stock
247,300
230,300
208,400
173,500
Treasury Stock
(276,500)
(279,000)
(281,900)
(205,100)
Accumulated Other Comprehensive Income
(250,800)
(355,100)
(316,500)
(302,300)
Retained Earnings
3,194,900
2,486,200
2,337,900
2,095,200
Total Common Shareholders' Equity
2,914,900
2,082,400
1,947,900
1,761,300
Minority Interests and Other
129,800
165,000
163,700
48,800
Total Shareholders' Equity
3,044,700
2,247,400
2,111,600
1,810,100
Total Liabilities and Shareholders' Equity
5,766,800
6,647,600
5,960,800
5,469,900
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
863,100
295,500
379,100
394,000
Depreciation & Amortization
236,900
261,300
230,600
216,600
Other Adjustments
(1,040,900)
(78,700)
(18,500)
132,400
Changes in Trade Receivables
—
(43,400)
130,300
25,100
Changes in Inventories
—
(26,400)
101,000
6,100
Changes in Accounts Payable
—
18,900
(79,800)
(40,500)
Changes in Other Operating Activities
(500)
(71,200)
(93,200)
(76,200)
Cash from Operating Activities
58,600
356,000
649,500
657,500
Capital Expenditure
(143,800)
(191,700)
(219,600)
(183,000)
Proceeds from Sale of Property, Plant & Equipment
1,810,000
14,900
8,600
20,300
Payments for Business Acquisitions
(4,600)
(568,800)
(542,400)
—
Proceeds from Business Divestments
—
89,000
105,300
139,200
Other Investing Activities
21,600
(1,700)
(22,100)
(4,700)
Cash from Investing Activities
1,683,200
(658,300)
(670,200)
(28,200)
Issuance of Short-Term Debt
—
348,900
180,200
301,900
Repayments of Short-Term Debt
—
(356,700)
(146,500)
(401,600)
Net Issuance / (Repayments) of Short-Term Debt
—
(7,800)
33,700
(99,700)
Issuance of Long-Term Debt
—
2,491,200
2,285,600
3,915,800
Repayments of Long-Term Debt
(1,551,200)
(1,994,000)
(2,028,600)
(4,105,200)
Net Issuance / (Repayments) of Long-Term Debt
(1,551,200)
497,200
257,000
(189,400)
Repurchases of Common Shares
(7,400)
(10,600)
(77,600)
(86,100)
Net Issuance / (Repurchases) of Common Shares
(7,400)
(10,600)
(77,600)
(86,100)
Common Share Dividends Paid
(101,100)
(121,000)
(116,500)
(111,300)
Other Financing Activities
(67,800)
(33,500)
(26,900)
(44,500)
Cash from Financing Activities
(1,727,500)
324,300
69,700
(531,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
44,700
(5,200)
(15,200)
(75,800)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash