Delaware | 001-00566 | 31-4388903 | |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |
425 Winter Road, Delaware, Ohio | 43015 | ||
(Address of principal executive offices) | (Zip Code) |
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02. | Results of Operations and Financial Condition. |
(i) | the Company's consolidated operating profit, before special items, for the third quarter of 2017 and the third quarter of 2016, which is equal to the Company's consolidated operating profit for the applicable period plus restructuring charges, plus non-cash asset impairment charges, plus non-cash pension settlement charges, less gains on disposal of properties, plants, equipment and businesses, net, each on a consolidated basis for the applicable period; |
(ii) | the Company's net income, excluding the impact of special items, for the third quarter of 2017 and the third quarter of 2016, which is equal to the Company's consolidated net income for the applicable period plus restructuring charges, plus non-cash asset impairment charges, plus non-cash pension settlement charges, less gains on disposal of properties, plants, equipment and businesses, net, each net of tax, noncontrolling interest and equity earnings of unconsolidated affiliates and on a consolidated basis for the applicable period; |
(iii) | earnings per diluted class A share of the Company, excluding the impact of special items, for the third quarter of 2017 and the third quarter of 2016, which is equal to earnings per diluted class A share of the Company for the applicable period plus restructuring charges, plus non-cash asset impairment charges, plus non-cash pension settlement charges, less gains on disposal of properties, plants, equipment and businesses, net, each net of tax, noncontrolling interest and equity earnings of unconsolidated affiliates and on a consolidated basis for the applicable period; |
(iv) | the Company’s consolidated free cash flow for the third quarter of 2017 and the third quarter of 2016, which is equal to the Company’s consolidated net cash provided by operating activities for the applicable period less cash paid for purchases of properties, plants and equipment for the applicable period; |
(v) | net sales excluding divestitures and foreign currency translation for the Company's Rigid Industrial Packaging & Services business segment for the third quarter of 2017 and the third quarter of 2016, which is equal to that business segment's net sales for the applicable quarter, after adjusting for divestitures occurring since the third quarter of 2016, as applicable to that business segment, and after adjusting the third quarter of 2017 for currency translation; |
(vi) | operating profit before special items for the Company’s Rigid Industrial Packaging & Services business segment for the third quarter of 2017 and the third quarter of 2016 which is equal to that business segment’s operating profit plus restructuring charges, plus acquisition-related costs, plus non-cash asset impairment charges, plus non-cash pension settlement charges, less gains on disposal of properties, plants, equipment and businesses, net, each for the applicable period; and |
(vii) | operating profit or loss, as applicable, before special items for the Company’s Flexible Products & Services business segment for the third quarter of 2017 and the third quarter of 2016, which is equal to that business segment’s operating profit or loss, as applicable, plus restructuring charges, plus non-cash asset impairment charges, less gains on disposal of properties, plants, equipment and businesses, net, each for the applicable period. |
(i) | The Company's 2017 Class A earnings per share before special items, which is equal to earnings per diluted class A share of the Company for the applicable period plus restructuring charges, plus acquisition-related costs, plus non-cash asset impairment charges, plus non-cash pension settlement charges, less gains on disposal of properties, plants, equipment and businesses, net, each net of tax, other income tax related events, noncontrolling interest and equity earnings of unconsolidated affiliates and on a consolidated basis for the applicable period; |
(ii) | 2017 projected free cash flow which is equal to the Company's consolidated net cash provided by operating activities for the applicable period and scenario less cash paid for capital expenditures for the applicable |
(iii) | The Company's 2020 consolidated operating profit, before special items, which excludes the impact of potential gains and losses on the disposal of businesses or properties, plants and equipment, net, timberland gains, non-cash asset impairment charges, non-cash pension settlement charges, restructuring-related activities and acquisition costs, each on a consolidated basis for the applicable period; and |
(iv) | 2020 projected free cash flow which is equal to the Company's consolidated net cash provided by operating activities for the applicable period less cash paid for capital expenditures for the applicable period. |
Item 9.01. | Financial Statements and Exhibits. |
(d) | Exhibits. |
Exhibit No. | Description |
99.1 | Press release issued by Greif, Inc. on August 30, 2017 announcing the financial results for its third quarter ended July 31, 2017. |
GREIF, INC. | ||
Date: August 31, 2017 | By | /s/ Lawrence A. Hilsheimer |
Lawrence A. Hilsheimer, Executive Vice President and Chief Financial Officer |
Exhibit No. | Description |
99.1 | Press release issued by Greif, Inc. on August 30, 2017 announcing the financial results for its third quarter ended July 31, 2017. |