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GEF Greif

Greif is a global leader in industrial packaging products and services and is pursuing its vision: In industrial packaging, be the best performing customer service company in the world. The Company produces steel, plastic and fibre drums, intermediate bulk containers, reconditioned containers, flexible products, containerboard, uncoated recycled paperboard, coated recycled paperboard, tubes and cores and a diverse mix of specialty products. The Company also manufactures packaging accessories and provides filling, packaging and other services for a wide range of industries. In addition, Greif manages timber properties in the southeastern United States. The Company is strategically positioned in over 40 countries to serve global as well as regional customers.

Company profile

Ticker
GEF, GEF.B
Exchange
Website
CEO
Peter Watson
Employees
Incorporated
Location
Fiscal year end
Former names
GREIF BROTHERS CORP, GREIF INC
SEC CIK
IRS number
314388903

GEF stock data

(
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Calendar

26 Feb 21
18 Apr 21
31 Oct 21
Quarter (USD)
Jan 21 Oct 20 Jul 20 Apr 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Oct 20 Oct 19 Oct 18 Oct 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Greif earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 101.4M 101.4M 101.4M 101.4M 101.4M 101.4M
Cash burn (monthly) 1.5M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 3.91M n/a n/a n/a n/a n/a
Cash remaining 97.49M n/a n/a n/a n/a n/a
Runway (months of cash) 65.0 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
6 Apr 21 Gary R Martz Class B Common Stock Buy Aquire P No No 59.18 7,000 414.26K 8,100
6 Apr 21 Gary R Martz Class A Common Stock Sell Dispose S No No 58 6,397 371.03K 63,863
5 Apr 21 Gary R Martz Class A Common Stock Sell Dispose S No No 58 17,603 1.02M 70,260
10 Mar 21 Timothy Bergwall Class A Common Stock Sell Dispose S No No 57.3 1,500 85.95K 26,227.55
23 Feb 21 Avril-Groves Vicki L Class A Common Stock Grant Aquire A No No 0 2,854 0 40,177
23 Feb 21 Bruce A Edwards Class A Common Stock Grant Aquire A No No 0 2,854 0 47,177
23 Feb 21 Emkes Mark A Class A Common Stock Grant Aquire A No No 0 2,854 0 37,857

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

86.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 177 177
Opened positions 26 23 +13.0%
Closed positions 26 22 +18.2%
Increased positions 35 53 -34.0%
Reduced positions 83 61 +36.1%
13F shares
Current Prev Q Change
Total value 1.07B 824.73M +30.3%
Total shares 22.92M 22.75M +0.8%
Total puts 70.9K 173.2K -59.1%
Total calls 130.1K 121.6K +7.0%
Total put/call ratio 0.5 1.4 -61.7%
Largest owners
Shares Value Change
Vanguard 3.46M $162.26M +0.1%
BLK Blackrock 2.96M $138.64M +1.2%
LSV Asset Management 2.19M $102.53M -5.2%
Dimensional Fund Advisors 1.83M $85.89M -1.3%
Fuller & Thaler Asset Management 1.06M $49.68M +5.6%
STT State Street 863.64K $40.87M -1.4%
Investment Counselors Of Maryland 722.89K $33.89M +5.5%
GBL Gamco Investors 675.25K $31.66M -1.2%
BK Bank Of New York Mellon 674.87K $31.64M +52.9%
Rubric Capital Management 577.92K $27.09M NEW
Largest transactions
Shares Bought/sold Change
Rubric Capital Management 577.92K +577.92K NEW
Norges Bank 322.48K +322.48K NEW
BK Bank Of New York Mellon 674.87K +233.56K +52.9%
GS Goldman Sachs 211.45K -169.27K -44.5%
Grantham, Mayo, Van Otterloo & Co. 135.2K -132.7K -49.5%
PRU Prudential Financial 156.16K -126.03K -44.7%
Peregrine Capital Management 295.9K +124K +72.1%
LSV Asset Management 2.19M -119.56K -5.2%
Aqr Capital Management 424.94K -88.02K -17.2%
Citadel Advisors 0 -71.11K EXIT

Financial report summary

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Competition
Trimas
Risks
  • Historically, our Business has been Sensitive to Changes in General Economic or Business Conditions.
  • Our Global Operations Subject us to Currency Exchange and Political Risks that Could Adversely Affect our Results of Operations.
  • The COVID-19 Pandemic Could Continue to Impact Any Combination of our Business, Financial Condition, Results of Operations and Cash Flows.
  • The Current and Future Challenging Global Economy and Disruption and Volatility of the Financial and Credit Markets may Adversely Affect our Business.
  • The Continuing Consolidation of our Customer Base and Suppliers may Intensify Pricing Pressure.
  • We Operate in Highly Competitive Industries.
  • Our Business is Sensitive to Changes in Industry Demands and Customer Preferences.
  • Raw Material, Energy and Transportation Price Fluctuations and Shortages may Adversely Impact our Manufacturing Operations and Costs.
  • The Frequency and Volume of our Timber and Timberland Sales Will Impact our Financial Performance.
  • We may not Successfully Implement our Business Strategies, Including Achieving our Growth Objectives.
  • We may Encounter Difficulties or Liabilities Arising from Acquisitions or Divestitures.
  • The Acquisition of Caraustar Subjects us to Various Risks and Uncertainties.
  • We may Incur Additional Restructuring Costs and there is no Guarantee that our Efforts to Reduce Costs will be Successful.
  • Several Operations are Conducted by Joint Ventures that we Cannot Operate Solely for our Benefit.
  • Certain of the Agreements that Govern our Joint Ventures Provide our Partners With Put or Call Options.
  • Our Ability to Attract, Develop and Retain Talented and Qualified Employees, Managers and Executives is Critical to our Success.
  • Our Business may be Adversely Impacted by Work Stoppages and Other Labor Relations Matters.
  • We may be Subject to Losses that Might not be Covered in Whole or in Part by Existing Insurance Reserves or Insurance Coverage and General Insurance Premium and Deductible Increases.
  • Our Business Depends on the Uninterrupted Operations of our Facilities, Systems and Business Functions, Including our Information Technology ("IT") and Other Business Systems.
  • A Security Breach of Customer, Employee, Supplier or Company Information may have a Material Adverse Effect on our Business, Financial Condition, Results of Operations and Cash Flows.
  • Changes in U.S. Generally Accepted Accounting Principles ("GAAP") and SEC Rules and Regulations Concerning the Maintenance of Effective Internal Controls Could Materially Impact our Reported Financial Results.
  • We Could be Subject to Changes in our Tax Rates, the Adoption of New U.S. or Foreign Tax Legislation or Exposure to Additional Tax Liabilities.
  • Full Realization of our Deferred Tax Assets may be Affected by a Number of Factors.
  • Our Level of Indebtedness Could Adversely Affect our Liquidity, Limit our Flexibility in Responding to Business Opportunities, and Increase our Vulnerability to Adverse Changes in Economic and Industry Conditions.
  • We have a Significant Amount of Goodwill and Long-lived Assets Which, if Impaired in the Future, Would Adversely Impact our Results of Operations.
  • Our Pension and Post-retirement Plans are Underfunded and will Require Future Cash Contributions, and our Required Future Cash Contributions Could be Higher than we Expect, Each of Which Could Have a Material Adverse Effect on our Financial Condition and Liquidity.
  • Legislation/Regulation Related to Environmental and Health and Safety Matters and Corporate Social Responsibility Could Negatively Impact our Operations and Financial Performance.
  • Product Liability Claims and Other Legal Proceedings Could Adversely Affect our Operations and Financial Performance.
  • We may Incur Fines or Penalties, Damage to our Reputation or other Adverse Consequences if our Employees, Agents or Business Partners Violate, or are Alleged to have Violated, Anti-bribery, Competition or Other Laws.
  • Changing Climate, Climate Change Regulations and Greenhouse Gas Effects may Adversely Affect our Operations and Financial Performance.
Management Discussion
  • ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • The terms “Greif,” “our company,” “we,” “us” and “our” as used in this discussion refer to Greif, Inc. and its subsidiaries. Our fiscal year begins on November 1 and ends on October 31 of the following year. Any references in this Form 10-Q to the years, or to any quarter of those years, relates to the fiscal year or quarter, as the case may be, ended in that year, unless otherwise stated.
  • The discussion and analysis presented below relates to the material changes in financial condition and results of operations for our interim condensed consolidated balance sheets as of January 31, 2021 and October 31, 2020, and for the interim condensed consolidated statements of income for the three months ended January 31, 2021 and 2020. This discussion and analysis should be read in conjunction with the interim condensed consolidated financial statements that appear elsewhere in this Form 10-Q and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in our Annual Report on Form 10-K for the fiscal year ended October 31, 2020 (the “2020 Form 10-K”). Readers are encouraged to review the entire 2020 Form 10-K, as it includes information regarding Greif not discussed in this Form 10-Q. This information will assist in your understanding of the discussion of our current period financial results.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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