secwatch.observer — SEC 8-K summary
======================================

Issuer:     GREIF, INC (GEF)
CIK:        0000043920
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0000043920-23-000051
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greif Q3 net income down 36% to $90.3M; adjusted EPS $1.75; acquires 51% of ColePak; raises dividend
--------------------------------------------------------------------------------

- GAAP net income $90.3M ($1.55 diluted Class A EPS) vs $141.8M ($2.36) last year.
- Adjusted net income $102.1M ($1.75 diluted Class A EPS) vs $141.7M ($2.35); adjusted EBITDA $226.5M vs $251.0M.
- Acquired 51% stake in ColePak (partition manufacturer) on Aug 23, 2023; terms not disclosed.
- Quarterly dividend raised by $0.02 to $0.44 (Class A) and $0.03 to $0.66 (Class B); payable Oct 1.
- Net debt $2,013.8M; leverage ratio 2.17x, down from 2.25x sequentially, within 2.0-2.5x target.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43920/000004392023000051/0000043920-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43920/000004392023000051/gef-20230905.htm
  HTML page:      https://secwatch.observer/filing/0000043920-23-000051

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