secwatch.observer — SEC 8-K summary
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Issuer:     GREIF, INC (GEF)
CIK:        0000043920
Form:       8-K
Filed at:   2023-12-11T23:59:59+00:00
Accession:  0000043920-23-000064
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43920/000004392023000064/0000043920-23-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43920/000004392023000064/gef-20231211.htm
  HTML page:      https://secwatch.observer/filing/0000043920-23-000064

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