secwatch.observer — SEC 8-K summary
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Issuer:     GREIF, INC (GEF)
CIK:        0000043920
Form:       8-K
Filed at:   2022-06-10T23:59:59+00:00
Accession:  0000043920-22-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greif Q2 adjusted EPS $2.41 vs $1.13 YoY; EBITDA $251M; leverage down to 2.12x
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- Net income $125.1M ($2.09/diluted share) vs $149.8M ($2.51) prior year, which included a $95.7M timberland gain.
- Adjusted net income $144.9M ($2.41/diluted share) vs $67.3M ($1.13); Adjusted EBITDA $251.0M, up $74.4M.
- Total debt decreased $213.5M to $2,099.9M; net debt $1,991.2M; leverage ratio improved to 2.12x from 3.20x.
- Completed divestiture of 50% interest in Flexible Products & Services JV for $131.6M; proceeds used for debt repayment.
- Redeemed $500M 6.5% Senior notes due 2027; refinancing lowered interest rate by over 300 basis points.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43920/000004392022000048/0000043920-22-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43920/000004392022000048/gef-20220610.htm
  HTML page:      https://secwatch.observer/filing/0000043920-22-000048

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