secwatch.observer — SEC 8-K summary
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Issuer:     GREIF, INC (GEF)
CIK:        0000043920
Form:       8-K
Filed at:   2024-06-07T23:59:59+00:00
Accession:  0000043920-24-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greif Q2 net income falls 60% to $44.4M; adjusted EBITDA down 26% to $169.9M
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- Diluted EPS of $0.77 vs $1.90 YoY; adjusted EPS of $0.82 vs $1.77.
- Operating cash flow declined $123.3M to $87.5M; adjusted free cash flow fell to $59.0M.
- Total debt rose $626.9M to $2,916.1M; net debt $2,720.1M, leverage ratio 3.44x.
- Completed Ipackchem acquisition on March 26, 2024; Investor Day set for Dec 11, 2024.
- CEO says results exceeded expectations but impacted by negative price/cost in paper business.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43920/000004392024000032/0000043920-24-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43920/000004392024000032/gef-20240607.htm
  HTML page:      https://secwatch.observer/filing/0000043920-24-000032

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