secwatch.observer — SEC 8-K summary
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Issuer:     GREIF, INC (GEF)
CIK:        0000043920
Form:       8-K
Filed at:   2023-06-13T23:59:59+00:00
Accession:  0000043920-23-000035
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greif Q2 net income falls to $111.2M ($1.90 EPS) from $125.1M; adjusted EBITDA down 9%
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- Net income $111.2M ($1.90 diluted EPS) vs $125.1M ($2.09) a year ago; adjusted EPS $1.77 vs $2.41.
- Adjusted EBITDA $228.6M, down $22.4M from $251.0M; net cash from operations up $71.6M to $210.8M.
- Completed 80% stake in Centurion Container for $145.0M cash; total debt rose to $2,289.2M.
- Signed $300.0M senior secured credit agreement with CoBank, refinancing revolver borrowings.
- Free cash flow record high of $185.5M; leverage ratio 2.25x within 2.0x–2.5x target.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43920/000004392023000035/0000043920-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43920/000004392023000035/gef-20230613.htm
  HTML page:      https://secwatch.observer/filing/0000043920-23-000035

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