v3.25.1
EARNINGS PER SHARE
 6 Months Ended
Apr. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The Company has two classes of common stock and, as such, applies the “two-class method” of computing earnings per share (“EPS”) as prescribed in ASC 260, “Earnings Per Share.” In accordance with this guidance, earnings are allocated in the same fashion as dividends would be distributed. Under the Company’s certificate of incorporation, any distribution of dividends in any year must be made in proportion of one cent a share for Class A Common Stock to one and one-half cents a share for Class B Common Stock, which results in a 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.
The Company calculates EPS as follows:
Basic Class A EPS=40% * Average Class A Shares Outstanding*Undistributed Net Income+Class A Dividends Per Share
40% * Average Class A Shares Outstanding + 60% * Average Class B Shares OutstandingAverage Class A Shares Outstanding
Diluted Class A EPS=40% * Average Class A Shares Outstanding*Undistributed Net Income+Class A Dividends Per Share
40% * Average Class A Shares Outstanding + 60% * Average Class B Shares OutstandingAverage Diluted Class A Shares Outstanding
Basic Class B EPS=60% * Average Class B Shares Outstanding*Undistributed Net Income+Class B Dividends Per Share
40% * 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
The following table provides EPS information for each period, respectively:
 Three Months Ended
April 30,		Six Months Ended
April 30,
(in millions)2025202420252024
Numerator for basic and diluted EPS
Net 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:
Authorized
Shares		Issued
Shares		Outstanding
Shares		Treasury
Shares
April 30, 2025
Class 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 31, 2024
Class 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 Ended
April 30,		Six Months Ended
April 30,
 2025202420252024
Class A Common Stock:
Basic shares26,123,396 25,802,839 26,011,064 25,667,030 
Assumed conversion of restricted shares98,778 115,548 99,662 105,582 
Diluted shares26,222,174 25,918,387 26,110,726 25,772,612 
Class B Common Stock:
Basic and diluted shares21,331,127 21,331,127 21,331,127 21,331,127