Greif (GEF) risk factors, FY2024 10-K

Greif's FY2024 10-K, filed Dec 23, 2024, lists 26 risk factors in 5 groups. There is no earlier 10-K to compare against, so the most company-specific risks are listed below.

Risk factors listed
265 groups
Section length
9k wordsItem 1A

Greif's biggest risks in the FY2024 10-K

  • Global industrial packaging operations face heavy exposure to raw material price volatility, energy costs, and international geopolitical instability.

The risks most specific to Greif

  • Risks Related to Market and Economic Factors

    Our Global Operations Subject us to Political Risks, Instability and Currency Exchange that Could Adversely Affect our Results of Operations

    The company operates in over 35 countries, deriving approximately 37% of its fiscal 2024 sales from non-U.S. operations subject to political instability and currency risks.

  • Risks Related to Industry Conditions

    Raw Material Shortages, Price Fluctuations, Global Supply Chain Disruptions and High Inflation may Adversely Impact our Results of Operations

    Manufacturing relies on price-sensitive raw materials like steel, resin, pulpwood, and recycled OCC subject to global supply chain disruptions and inflation.

  • Risks Related to Industry Conditions

    Energy and Transportation Price Fluctuations and Shortages may Adversely Impact our Manufacturing Operations and Costs

    Manufacturing costs depend heavily on fluctuating oil and natural gas energy prices, particularly in Europe amid the ongoing conflict involving Russia and Ukraine.

  • Risks Related to our Operations

    Our Business may be Adversely Impacted by Work Stoppages and Other Labor Relations Matters

    Approximately 38% of employees worldwide are represented by unions, exposing operations to the risk of past and future work stoppages and strikes.

  • Risks Related to Financial Reporting

    We have a Significant Amount of Goodwill and Long-lived Assets Which, if Impaired in the Future, Would Adversely Impact our Results of Operations

    The carrying value of goodwill was $1,953.7 million at October 31, 2024, which risks future impairment charges if plant sales or closures occur.

  • Risks Related to Regulatory and Legal Costs

    We may be Unable to Achieve Our Greenhouse Gas Emission Reduction Target by 2030

    The company aims to reduce absolute Scope 1 and 2 greenhouse gas emissions by 28 percent from a 2019 baseline by 2030.

  • Risks Related to Regulatory and Legal Costs

    Product Liability Claims and Other Legal Proceedings Could Adversely Affect our Operations and Financial Performance

    Packaging products for sensitive items like food ingredients, pharmaceuticals, and hazardous substances carry risks of recalls, contamination, spillage, and explosions.

All 26 risk factors

Headings as the filing states them, in filing order.

Risks Related to Market and Economic Factors

  1. 01Historically, our Business has been Sensitive to Changes in General Economic or Business Conditions
  2. 02Our Global Operations Subject us to Political Risks, Instability and Currency Exchange that Could Adversely Affect our Results of Operations
  3. 03The Current and Future Challenging Global Economy and Disruption and Volatility of the Financial and Credit Markets may Adversely Affect our Business
  4. 04Further, we may experience challenges in forecasting revenues and operating results due to these global economic conditions. The difficulty in forecasting revenues and operating results may result in volatility in the market price of our common stock

Risks Related to Industry Conditions

  1. 05The Continuing Consolidation of our Customer Base and Suppliers may Intensify Pricing Pressure
  2. 06We Operate in Highly Competitive Industries
  3. 07Our Business is Sensitive to Changes in Industry Demands and Customer Preferences
  4. 08Raw Material Shortages, Price Fluctuations, Global Supply Chain Disruptions and High Inflation may Adversely Impact our Results of Operations
  5. 09inflationary costs on to our customers could have a material adverse effect on our business, financial condition and results of operations
  6. 10Energy and Transportation Price Fluctuations and Shortages may Adversely Impact our Manufacturing Operations and Costs

Risks Related to our Operations

  1. 11We may Encounter Difficulties or Liabilities Arising from Acquisitions or Divestitures
  2. 12We may Incur Additional Rationalization Costs and there is no Guarantee that our Efforts to Reduce Costs will be Successful
  3. 13Several Operations are Conducted by Joint Ventures that we Cannot Operate Solely for our Benefit
  4. 14Certain of the Agreements that Govern our Joint Ventures Provide our Partners With Put or Call Options
  5. 15Our Ability to Attract, Develop and Retain Talented and Qualified Employees, Managers and Executives is Critical to our Success
  6. 16Our Business may be Adversely Impacted by Work Stoppages and Other Labor Relations Matters
  7. 17We 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
  8. 18Our Business Depends on the Uninterrupted Operations of our Facilities, Systems and Business Functions, Including our Information Technology (“IT”) and Other Business Systems
  9. 19A Cyber-Attack, Security Breach of Customer, Employee, Supplier or Company Information and Data Privacy Risks and Costs of Compliance with New Regulations may have a Material Adverse Effect on our Business, Financial Condition, Results of Operations and Cash Flows

Risks Related to Financial Reporting

  1. 20We 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
  2. 21We have a Significant Amount of Goodwill and Long-lived Assets Which, if Impaired in the Future, Would Adversely Impact our Results of Operations

Risks Related to Regulatory and Legal Costs

  1. 22Changing Climate, Global Climate Change Regulations and Greenhouse Gas Effects may Adversely Affect our Operations and Financial Performance
  2. 23We may be Unable to Achieve Our Greenhouse Gas Emission Reduction Target by 2030
  3. 24Legislation/Regulation Related to Environmental and Health and Safety Matters Could Negatively Impact our Operations and Financial Performance
  4. 25Product Liability Claims and Other Legal Proceedings Could Adversely Affect our Operations and Financial Performance
  5. 26We 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

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.