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Greif, Inc., together with its subsidiaries, produces and sells industrial packaging products and services worldwide. It operates in four segments: Customized Polymer Solutions; Durable Metal Solutions; Sustainable Fiber Solutions; and Integrated Solutions. The Customized Polymer Solutions segment produces and sells polymer-based packaging products, such as plastic drums, rigid intermediate bulk containers, and small plastics for chemicals, food and beverage, agricultural, pharmaceutical, and mineral products industries. The Durable Metal Solutions segment offers metal-based packaging products, including various steel drums for the chemicals, petroleum, agriculture, and paints and coatings industries. The Sustainable Fiber Solutions segment provides fiber-based packaging products comprising fibre drums, uncoated recycled board, coated recycled board, tubes and cores, and specialty partitions made from uncoated recycled board and coated recycled board to packaging, automotive, construction, food and beverage, and building products industries. The Integrated Solutions segment offers complimentary packaging products, such as paints, linings, and closure systems for industrial packaging products and related services. The company manufactures and sells rigid industrial packaging products, such as steel, fibre and plastic drums, rigid intermediate bulk containers, jerrycans and other small plastics, closure systems for industrial packaging products, water bottles, and remanufactured and reconditioned industrial containers, as well as offers container life cycle management, logistics, warehousing, and other packaging services. It also purchases and sells recycled fiber; and produces and sells adhesives. The company was formerly known as Greif Bros. Corporation and changed its name to Greif, Inc. in 2001. Greif, Inc. was founded in 1877 and is headquartered in Delaware, Ohio.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2024
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2024 | $4.4B | $589M | $269M | $164M | 12.0% | 4.3% | -25.2% |
| 2023 | $4.2B | $643M | $359M | $430M | 17.0% | -34.2% | -4.6% |
| 2022 | $6.3B | $804M | $377M | $475M | 20.8% | 14.3% | -3.6% |
| 2021 | $5.6B | $806M | $391M | $249M | 24.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Total Revenue | 5,556.10 | 6,349.50 | 4,175.30 | 4,354.90 |
| Cost Of Revenue | 4,463.10 | 5,064.10 | 3,246.70 | 3,455.80 |
| Gross Profit | 1,093 | 1,285.40 | 928.60 | 899.10 |
| Operating Expense | 565.90 | 581 | 510.30 | 589.90 |
| Operating Income | 527.10 | 704.40 | 418.30 | 309.20 |
| EBITDA | 805.70 | 803.50 | 642.70 | 589 |
| EBIT | 571.30 | 586.90 | 412.10 | 327.70 |
| Pretax Income | 478.60 | 525.70 | 396.40 | 281.70 |
| Tax Provision | 69.60 | 137.10 | 98.10 | 22.20 |
| Net Income | 390.70 | 376.70 | 359.20 | 268.80 |
| Net Income Common Stockholders | 390.70 | 376.70 | 359.20 | 268.80 |
| Total Expenses | 5,029 | 5,645.10 | 3,757 | 4,045.70 |
| Interest Expense | 92.70 | 61.20 | 15.70 | 46 |
| Selling General And Administration | 565.90 | 581 | 510.30 | 589.90 |
| Normalized EBITDA | 747.60 | 912.10 | 634.20 | 560.40 |
| Normalized Income | 341.04 | 456.97 | 274.20 | 209.55 |
| Basic EPS | 6.57 | 6.36 | 6.22 | 4.54 |
| Diluted EPS | 6.54 | 6.30 | 6.15 | 4.52 |
| Tax Effect Of Unusual Items | 8.44 | -28.33 | 2.10 | 2.25 |
| Tax Rate For Calcs | 0.15 | 0.26 | 0.25 | 0.08 |
| Total Unusual Items | 58.10 | -108.60 | 8.50 | 28.60 |
| Total Unusual Items Excluding Goodwill | 58.10 | -108.60 | 8.50 | 28.60 |
| Net Income From Continuing Operation Net Minority Interest | 390.70 | 376.70 | 280.60 | 235.90 |
| Reconciled Depreciation | 234.40 | 216.60 | 230.60 | 261.30 |
| Reconciled Cost Of Revenue | 4,463.10 | 5,064.10 | 3,246.70 | 3,455.80 |
| Net Interest Income | -92.70 | -61.20 | -15.70 | -46 |
| Net Income From Continuing And Discontinued Operation | 390.70 | 376.70 | 359.20 | 268.80 |
| Total Operating Income As Reported | 585.20 | 621.20 | 426.80 | 337.80 |
| Diluted Average Shares | 59.70 | 59.60 | 58.25 | 57.95 |
| Basic Average Shares | 59.50 | 59.30 | 57.85 | 57.75 |
| Diluted NI Availto Com Stockholders | 390.70 | 376.70 | 359.20 | 268.80 |
| Minority Interests | -22.50 | -17.30 | -19.90 | -26.70 |
| Net Income Including Noncontrolling Interests | 413.20 | 394 | 379.10 | 295.50 |
| Net Income Discontinuous Operations | 0 | 0 | 78.60 | 32.90 |
| Net Income Continuous Operations | 413.20 | 394 | 300.50 | 262.60 |
| Earnings From Equity Interest Net Of Tax | 4.20 | 5.40 | 2.20 | 3.10 |
| Other Income Expense | 44.20 | -117.50 | -6.20 | 18.50 |
| Other Non Operating Income Expenses | -13.90 | -8.90 | -14.70 | -10.10 |
| Special Income Charges | 58.10 | -108.60 | 8.50 | 28.60 |
| Gain On Sale Of Ppe | 99.40 | 8.10 | 2.50 | 9.10 |
| Gain On Sale Of Business | -0.20 | 1.40 | 64 | 46 |
| Other Special Charges | 0 | 25.40 | 0 | 0 |
| Write Off | 8.90 | 71 | 20.30 | 2.60 |
| Impairment Of Capital Assets | 8.90 | 71 | 0 | 0 |
| Restructuring And Mergern Acquisition | 32.20 | 21.70 | 37.70 | 23.90 |
| Net Non Operating Interest Income Expense | -92.70 | -61.20 | -15.70 | -46 |
| Interest Expense Non Operating | 92.70 | 61.20 | 15.70 | 46 |
| General And Administrative Expense | 565.90 | 581 | 0 | 0 |
| Other Gand A | 565.90 | 581 | 0 | 0 |
| Operating Revenue | 5,556.10 | 6,349.50 | 4,175.30 | 4,354.90 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Greif, Inc.this co. | GEF | $3.7B | 27.04 | 1.25 | 12.0% | 8.25 |
| Alliance Laundry Holdings Inc. | ALH | $4.9B | 44.23 | 12.48 | 26.0% | 16.48 |
| Polaris Inc. | PII | $3.8B | - | 4.58 | -55.9% | 16.72 |
| Hilton Grand Vacations Inc. | HGV | $3.5B | 48.76 | 2.80 | 5.6% | 12.92 |
| KB Home | KBH | $3.3B | 10.10 | 0.85 |
| 11.0% |
| 9.82 |
| Ermenegildo Zegna N.V. | ZGN | $3.1B | 26.16 | 2.59 | 9.0% | 15.69 |
| Madison Square Garden Entertainment Corp. | MSGE | $3.1B | 59.39 | 84.95 | -281.4% | 18.64 |
| Global Business Travel Group, Inc. | GBTG | $3.0B | 26.18 | 1.87 | 6.6% | 12.80 |
| Visteon Corporation | VC | $2.9B | 18.07 | 1.85 | 12.2% | 6.60 |
| Peer Median | - | 26.18 | 2.69 | 7.8% | 14.31 | |