Attached files
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EX-99.1 - EXHIBIT 99.1 - GREIF, INC | c05700exv99w1.htm |
EX-99.2 - EXHIBIT 99.2 - GREIF, INC | c05700exv99w2.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 8, 2010 September 1, 2010)
GREIF, INC.
(Exact name of registrant as specified in its charter)
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) |
Registrants telephone number, including area code: (740) 549-6000
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Section 2 Financial Information
Item 2.02. Results of Operations and Financial Condition.
On September 1, 2010, Greif, Inc. (the Company) issued a press release (the Earnings Release)
announcing the financial results for its third quarter ended July 31, 2010. The full text of the
Earnings Release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
The Earnings Release included the following non-GAAP financial measures (the non-GAAP Measures):
(i) | net income before restructuring charges, restructuring-related inventory charges, and acquisition-related costs on a consolidated basis, which is equal to GAAP net income plus restructuring charges, restructuring-related inventory charges, debt extinguishment charges and acquisition-related costs, each item net of tax, on a consolidated basis; |
(ii) | diluted earnings per Class A share and per Class B share before restructuring charges, restructuring-related inventory charges and acquisition-related costs on a consolidated basis, which is equal to GAAP diluted earnings per Class A share and per Class B share plus restructuring charges, restructuring-related inventory charges, debt extinguishment charges and acquisition-related costs, each item net of tax, on a consolidated basis; |
(iii) | operating profit before restructuring charges, restructuring-related inventory charges and acquisition-related costs on a consolidated basis, which is equal to GAAP operating profit plus restructuring charges, restructuring-related inventory charges and acquisition-related costs on a consolidated basis; |
(iv) | operating profit before restructuring charges and acquisition-related costs with respect to the Companys Flexible Products & Services segment, which is equal to that segments GAAP operating profit plus that segments acquisition-related charges; |
(v) | operating profit before restructuring charges with respect to the Companys Paper Packaging segment and Land Management segment, which is equal to each segments GAAP operating profit plus that segments restructuring charges; and |
(vi) | operating profit before restructuring charges, restructuring-related inventory charges and acquisition-related costs with respect to the Companys Rigid Industrial Packaging & Services segment, which is equal to that segments GAAP operating profit plus that segments restructuring charges, restructuring-related inventory charges and acquisition-related costs. |
The Company discloses the non-GAAP Measures described in Items (i) through (vi), above, because
management believes that these non-GAAP Measures are a better indication of the Companys
operational performance than GAAP net income, diluted earnings per Class A share and per Class B
share and operating profit since they exclude restructuring charges, restructuring-related
inventory charges and debt extinguishment charges, which are not representative of ongoing
operations, and acquisition-related costs, which are volatile from period to period. These non-GAAP
Measures provide a more stable platform on which to compare the historical performance of the
Company.
The full text of the Earnings Release is attached as Exhibit 99.1 to this Current Report on Form
8-K.
Section 7 Regulation FD
Item 7.01. Regulation FD Disclosure.
On September 2, 2010, management of the Company held a conference call with interested investors
and financial analysts to discuss the Companys financial results for its third quarter ended July
31, 2010. The file transcript is attached as Exhibit 99.2 to this Current Report on Form 8-K.
Section 9 Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description | |||
99.1 | Press release issued by Greif, Inc. on September 1, 2010 announcing the financial results
for its third quarter ended July 31, 2010. |
|||
99.2 | File transcript of conference call held by management of Greif, Inc. on September 2, 2010. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
GREIF, INC. |
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Date: September 8, 2010 | By: | /s/ Donald S. Huml | |||
Donald S. Huml, | |||||
Executive Vice President and Chief Financial Officer |
EXHIBIT INDEX
Exhibit No. | Description | |||
99.1 | Press release issued by Greif, Inc. on September 1, 2010, announcing the financial
results for its third quarter ended July 31, 2010. |
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99.2 | File transcript of conference call held by management of Greif, Inc. on September 2, 2010. |