Company: GEF
Filing Date: 2025-02-27
Form Type: 10-Q
Source: 0000043920-25-000009
Chunk: 28

Company: GREIF, INC
Filing Date: 2025-02-27
Form: 10-Q
Item: Part I, Item 1
Chunk 28
---
 Class A Shares Outstanding + 60% * Average Class B Shares OutstandingAverage Diluted Class A Shares OutstandingBasic Class B EPS=60% * Average Class B Shares Outstanding*Undistributed Net Income+Class B Dividends Per Share40% * Average Class A Shares Outstanding + 60% * Average Class B Shares OutstandingAverage Class B Shares Outstanding         *Diluted Class B EPS calculation is identical to Basic Class B calculation

20

The following table provides EPS information for each period, respectively: Three Months EndedJanuary 31,(in millions)20252024Numerator for basic and diluted EPSNet income attributable to Greif, Inc.$8.6 $67.2 Cash dividends(31.0)(29.7)Undistributed earnings attributable to Greif, Inc.$(22.4)$37.5 The Class A Common Stock has no voting rights unless four quarterly cumulative dividends upon the Class A Common Stock are in arrears. The Class B Common Stock has full voting rights. There is no cumulative voting for the election of directors.The following table summarizes the shares of the Company’s Class A and Class B Common Stock as of the specified dates:AuthorizedSharesIssuedSharesOutstandingSharesTreasurySharesJanuary 31, 2025Class A Common Stock128,000,000 42,281,920 26,105,959 16,175,961 Class B Common Stock69,120,000 34,560,000 21,331,127 13,228,873 October 31, 2024Class A Common Stock128,000,000 42,281,920 25,850,270 16,431,650 Class B Common Stock69,120,000 34,560,000 21,331,127 13,228,873 The following is a reconciliation of the shares used to calculate basic and diluted earnings per share: Three Months EndedJanuary 31, 20252024Class A Common Stock:Basic shares25,898,733 25,531,221 Assumed conversion of restricted shares100,772 95,615 Diluted shares25,999,505 25,626,836 Class B Common Stock:Basic and diluted shares21,331,127 21,331,127 

NOTE 12 — COMPREHENSIVE INCOME (LOSS)

The following table provides the rollforward of accumulated other comprehensive income (loss) for the