EARNINGS PER SHARE (Tables)
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6 Months Ended |
Apr. 30, 2025 |
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| Earnings Per Share [Abstract] |
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| Schedule of Computation of Class Based Basic and Diluted Earnings Per Share |
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 Outstanding | Average 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 Outstanding | Average 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 Outstanding | Average Class B Shares Outstanding |
*Diluted Class B EPS calculation is identical to Basic Class B calculation
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| Schedule of Computation of Earnings Per Share Basic and Diluted |
The following table provides EPS information for each period, respectively: | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
April 30, | | Six Months Ended
April 30, | | (in millions) | 2025 | | 2024 | | 2025 | | 2024 | | 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 | |
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| Schedule of Company's Class A and Class B Common and Treasury Shares |
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 Stock | 128,000,000 | | | 42,281,920 | | | 26,129,971 | | | 16,151,949 | | | Class B Common Stock | 69,120,000 | | | 34,560,000 | | | 21,331,127 | | | 13,228,873 | | | | | | | | | | | October 31, 2024 | | | | | | | | | Class A Common Stock | 128,000,000 | | | 42,281,920 | | | 25,850,270 | | | 16,431,650 | | | Class B Common Stock | 69,120,000 | | | 34,560,000 | | | 21,331,127 | | | 13,228,873 | |
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| Schedule of Reconciliation of Shares Used to Calculate Basic and Diluted Earnings Per Share |
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, | | | 2025 | | 2024 | | 2025 | | 2024 | | Class A Common Stock: | | | | | | | | | Basic shares | 26,123,396 | | | 25,802,839 | | | 26,011,064 | | | 25,667,030 | | | Assumed conversion of restricted shares | 98,778 | | | 115,548 | | | 99,662 | | | 105,582 | | | Diluted shares | 26,222,174 | | | 25,918,387 | | | 26,110,726 | | | 25,772,612 | | | Class B Common Stock: | | | | | | | | | Basic and diluted shares | 21,331,127 | | | 21,331,127 | | | 21,331,127 | | | 21,331,127 | |
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