---
schema_version: "secwatch.filing_event.v1"
accession: "0000043920-22-000020"
form_type: "8-K"
ticker: "GEF"
cik: "0000043920"
company_name: "GREIF, INC"
filed_at: "2022-03-04T23:59:59+00:00"
generated_at: "2026-06-27T01:44:26.704819+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Greif Q1 adjusted EPS $1.28, record EBITDA; divests FPS JV for $123M; raises FY22 guidance

## Summary
- Net income $10.3M ($0.18 GAAP EPS) vs $23.4M; adjusted net income $75.6M ($1.28) up from $0.61.
- Adjusted EBITDA record $196.8M, up $58.3M YoY; leverage ratio improved to 2.39x from 3.79x.
- Agreed to sell 50% stake in Flexible Products & Services JV to Gulf Refined Packaging for $123M; close by March 31.
- Redeemed $500M 6.5% senior notes; refinanced credit facilities with ESG-linked pricing; ~$15M annual interest savings.
- Fiscal 2022 guidance raised due to strong start and positive outlook.

## SEC filing metadata
- accession: 0000043920-22-000020
- form_type: 8-K
- ticker: GEF
- cik: 0000043920
- company_name: GREIF, INC
- filed_at: 2022-03-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/43920/000004392022000020/0000043920-22-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/43920/000004392022000020/gef-20220304.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000043920-22-000020
- JSON: https://secwatch.observer/filing/0000043920-22-000020.json
- Plain text: https://secwatch.observer/filing/0000043920-22-000020.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.