secwatch.observer — SEC 8-K summary
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Issuer:     GREIF, INC (GEF)
CIK:        0000043920
Form:       8-K
Filed at:   2023-03-03T23:59:59+00:00
Accession:  0000043920-23-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43920/000004392023000018/0000043920-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43920/000004392023000018/gef-20230303.htm
  HTML page:      https://secwatch.observer/filing/0000043920-23-000018

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