Company: GEF
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0000043920-25-000025
Chunk: 85

Company: GREIF, INC
Filing Date: 2025-06-05
Form: 10-Q
Item: Part I, Item 8
Chunk 85
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40% to 60% split to Class A and B shareholders, respectively. In accordance with this, earnings are allocated first to Class A and Class B Common Stock to the extent that dividends are actually paid and the remainder is allocated assuming all of the earnings for the period have been distributed in the form of dividends.

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The Company calculates EPS as follows:Basic Class A EPS=40% * Average Class A Shares Outstanding*Undistributed Net Income+Class A Dividends Per Share40% * Average Class A Shares Outstanding + 60% * Average Class B Shares OutstandingAverage Class A Shares OutstandingDiluted Class A EPS=40% * Average Class A Shares Outstanding*Undistributed Net Income+Class A Dividends Per Share40% * Average 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 calculationThe following table provides EPS information for each period, respectively: Three Months EndedApril 30,Six Months EndedApril 30,(in millions)2025202420252024Numerator for basic and diluted EPSNet income attributable to Greif, Inc.$47.3 $44.4 $55.9 $111.6 Cash dividends(31.4)(30.0)(62.4)(59.7)Undistributed earnings attributable to Greif, Inc.$15.9 $14.4 $(6.5)$51.9 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:AuthorizedSharesIssuedSharesOutstandingSharesTreasurySharesApril 30, 2025Class A Common Stock128,000,000 42,281,920 26,129,971 16,151,949 Class B Common Stock69,120,000 34,560,000 21,331,127 13,228,873 October