Item 2.02. Results of Operations and Financial Condition.
On
(i)the Company's net income, excluding the impact of adjustments, for the fourth quarter of 2020 and the fourth quarter of 2019, which is equal to the Company's consolidated net income for the applicable period plus restructuring charges, plus acquisition-related costs, plus non-cash asset impairment charges, less (gain) loss on disposal of properties, plants, equipment and businesses, net, plus non-cash pension settlement charges, plus incremental COVID-19 costs, net, plus tax net expense (benefit) resulting from the Tax Cuts and Jobs Act (the "Tax Reform Act"), each net of tax, noncontrolling interest and equity earnings of unconsolidated affiliates and on a consolidated basis for the applicable period; (ii)the Company's earnings per diluted Class A share, excluding the impact of adjustments, for the fourth quarter of 2020 and the fourth quarter of 2019, 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, less (gain) loss on disposal of properties, plants, equipment and businesses, net, plus non-cash pension settlement charges, plus incremental COVID-19 costs, net, plus tax net expense (benefit) resulting from the Tax Reform Act, each net of tax, noncontrolling interest and equity earnings of unconsolidated affiliates and on a consolidated basis for the applicable period; (iii)the Company's consolidated adjusted EBITDA for the fourth quarter of 2020 and the fourth quarter of 2019, which is equal to the Company's consolidated net income for the applicable period plus interest expense, net, plus income tax expense, plus depreciation, depletion and amortization expense, plus restructuring charges, plus acquisition-related costs, plus non-cash asset impairment charges, plus non-cash pension settlement charges, plus incremental COVID-19 costs, net, less (gain) loss on disposal of properties, plants, equipment and businesses, net, each on a consolidated basis for the applicable period; (iv)the Company's consolidated adjusted free cash flow for the fourth quarter of 2020 and the fourth quarter of 2019, which is equal to the Company's consolidated net cash provided by (used in) operating activities for the applicable period less cash paid for purchases of properties, plants and equipment, plus cash paid for acquisition-related costs, plus cash paid for incremental COVID-19 costs, net, plus cash paid for acquisition related Enterprise Resource Planning ("ERP") systems each on a consolidated basis for the applicable period; (v)the Company's net income, excluding the impact of adjustments, for the fiscal year of 2020 and the fiscal year of 2019, which is equal to the Company's consolidated net income for the applicable period plus restructuring charges, plus acquisition-related costs, plus non-cash asset impairment charges, less (gain) loss on disposal of properties, plants, equipment and businesses, net, plus non-cash pension settlement charges, plus debt extinguishment charges, plus incremental COVID-19 costs, net, plus tax net expense (benefit) resulting from the Tax Reform Act, each net of tax, noncontrolling interest and equity earnings of unconsolidated affiliates and on a consolidated basis for the applicable period; (vi)the Company's earnings per diluted Class A share, excluding the impact of adjustments, for the fiscal year of 2020 and the fiscal year of 2019, 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, less (gain) loss on disposal of properties, plants, equipment and businesses, net, plus non-cash pension settlement charges, plus debt extinguishment charges, plus incremental COVID-19 costs, net, plus tax net expense (benefit) resulting from the Tax Reform Act, each net of tax, noncontrolling interest and equity earnings of unconsolidated affiliates and on a consolidated basis for the applicable period; (vii)the Company's consolidated adjusted EBITDA for the fiscal year of 2020 and the fiscal year of 2019, which is equal to the Company's consolidated net income for the applicable period plus interest expense, net, plus debt extinguishment charges, plus income tax expense, plus depreciation, depletion and amortization expense, plus restructuring charges, plus acquisition-related costs, plus non-cash asset impairment charges, plus non-cash pension settlement charges, plus incremental COVID-19 costs, net, less (gain) loss on disposal of properties, plants, equipment and businesses, net, each on a consolidated basis for the applicable period;
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(viii)the Company's consolidated adjusted free cash flow for the fiscal year of 2020 and the fiscal year of 2019, which is equal to the Company's consolidated net cash provided by (used in) operating activities for the applicable period less cash paid for purchases of properties, plants and equipment, plus cash paid for acquisition-related costs, plus cash paid for debt issuance costs, plus cash paid for incremental COVID-19 costs, net, plus cash paid for acquisition-related ERP systems, each on a consolidated basis for the applicable period; (ix)the Company's net debt as ofOctober 31, 2020 and 2019, which is equal to the Company's consolidated total debt as of the applicable date less cash and cash equivalents as of the applicable date. (x)net sales excluding foreign currency translation for the Company'sRigid Industrial Packaging & Services business segment for the fourth quarter of 2020, which is equal to that business segment's net sales for the applicable period, after adjusting such sales for the applicable period foreign currency translation; (xi)adjusted EBITDA for the Company'sRigid Industrial Packaging & Services business segment for the fourth quarter of 2020 and the fourth quarter of 2019, which is equal to that business segment's operating profit less other expense, net, less non-cash pension settlement charges, less equity earnings of unconsolidated affiliates, net of tax, plus depreciation and amortization expense, plus restructuring charges, plus acquisition-related costs, plus non-cash asset impairment charges, plus non-cash pension settlement charges, plus incremental COVID-19 costs, net, less gain on disposal of properties, plants, equipment and businesses, net, each for the applicable period; (xii)net sales excluding foreign currency translation for the Company'sPaper Packaging & Services business segment for the fourth quarter of 2020, which is equal to that business segment's net sales for the applicable period, after adjusting such sales for the applicable period foreign currency translation; (xiii)adjusted EBITDA for the Company'sPaper Packaging & Services business . . .
Item 5.03(a). Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
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Item 7.01. Regulation FD Disclosure.
On
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits. Exhibit No. Description 99.1 Press release issued byGreif, Inc. onDecember 9, 2020 announcing the financial results for its fourth quarter and fiscal year endedOctober 31, 2020 . 99.2 Amendment to the Second Amended and Restated By-Laws of the Company. 99.3 File transcript of conference call with interested investors and financial analysts held by management ofGreif, Inc. onDecember 10, 2020 .
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