Greif Q1 adjusted EPS falls to $1.06 from $1.28; announces $145M Centurion acquisition

GREIF, INC

GAAP net income $89.9M ($1.54/sh) vs $10.3M ($0.18) YoY; adjusted net income $61.9M ($1.06) vs $75.6M ($1.28).
Adjusted EBITDA $164.5M, down $32.3M from $196.8M YoY; leverage ratio 2.11x within target range.
Completed Lee Container acquisition; integration ahead of schedule with expected synergies of at least $6M.
Announced definitive agreement to increase Centurion Container ownership to 80% for $145M cash.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GREIF, INC reported first quarter ended January 31, 2023 results: net income $89.9 million, EPS $1.54 per diluted Class A share.

Period: first quarter ended January 31, 2023
Net income: $89.9 million
EPS: $1.54 per diluted Class A share
Result: reported results

Exact text from the filing

Net income of $89.9 million or $1.54 per diluted Class A share

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GREIF, INC filing history →

Source: SEC EDGAR

accession 0000043920-23-000018

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