Greif Q4 net income falls to $67.8M; adjusted EBITDA $199.2M; acquires Ipackchem for $538M

GREIF, INC

Q4 net income of $67.8M ($1.16 diluted EPS) vs $99.5M ($1.67) a year ago; adjusted EPS $1.56.
Fiscal 2023 adjusted EBITDA $818.8M, down from $917.5M; company calls it second-best year.
Signed definitive agreement to acquire Ipackchem Group SAS for $538M cash; expected close by Q2 2024.
Board amended bylaws to change fiscal year end to September 30 after October 31, 2024.
Quarterly dividend increased 4% during the year; total dividends paid $116.5M in fiscal 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GREIF, INC reported fourth quarter ended October 31, 2023 results: net income Net income of $67.8 million, EPS $1.16 per diluted Class A share.

Period: fourth quarter ended October 31, 2023
Net income: Net income of $67.8 million
EPS: $1.16 per diluted Class A share
Result: reported results

Exact text from the filing

Net income of $67.8 million or $1.16 per diluted Class A share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GREIF, INC reported fiscal year ended October 31, 2023 results: net income Net income of $359.2 million, EPS $6.15 per diluted Class A share.

Period: fiscal year ended October 31, 2023
Net income: Net income of $359.2 million
EPS: $6.15 per diluted Class A share
Result: reported results

Exact text from the filing

Net income of $359.2 million or $6.15 per diluted Class A share

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

GREIF, INC: Adoption of amendment to By-Laws changing fiscal year end to September 30, effective first such fiscal year ending September 30, 2025 (effective 2023-12-05).

Change: fiscal year change
Effective: 2023-12-05

Exact text from the filing

On December 5, 2023, the Company's Board of Directors adopted an amendment to Article VI, Section 6.8 of the Company's Third Amended and Restated By-Laws that will enact a new fiscal year of the Company ending September 30, with the first such fiscal year ending September 30, 2025.

View on SEC.gov

24 earnings releases filed in the last 30 days. Browse all earnings releases →

GREIF, INC filing history →

Source: SEC EDGAR

accession 0000043920-23-000064

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.