secwatch.observer — SEC 8-K summary
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Issuer:     GREIF, INC (GEF)
CIK:        0000043920
Form:       8-K
Filed at:   2021-09-03T23:59:59+00:00
Accession:  0000043920-21-000061
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greif reports record Q3 sales $1.49B, EPS $1.89; CEO to retire Feb 2022; raises guidance
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- Net sales $1,490.8M (record), up 37.6% YoY; net income $113.0M ($1.89/diluted A share) vs $20.7M ($0.35) prior year.
- Adjusted EBITDA record $237.8M, up 49.2% YoY; leverage ratio improved to 2.8x from 3.7x.
- CEO Pete Watson to retire Feb 1, 2022; COO Ole Rosgaard to succeed; Michael Gasser not standing for re-election; Watson to become Executive Chairman.
- Quarterly dividend increased: $0.46/Class A share (+$0.02), $0.69/Class B share (+$0.03); payable Oct 1, 2021.
- Fiscal 2021 guidance raised for EPS before adjustments and adjusted free cash flow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43920/000004392021000061/0000043920-21-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43920/000004392021000061/gef-20210903.htm
  HTML page:      https://secwatch.observer/filing/0000043920-21-000061

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer