secwatch.observer — SEC 8-K summary
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Issuer:     GREIF, INC (GEF)
CIK:        0000043920
Form:       8-K
Filed at:   2024-12-05T23:59:59+00:00
Accession:  0000043920-24-000050
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greif Q4 net income down 6.5% to $63.4M, EPS $1.08; FY adjusted EBITDA -15.6%; announces $100M cost cut plan
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- Q4 net income $63.4M ($1.08 diluted EPS) vs $67.8M ($1.16) last year; adjusted EPS $1.13 vs $1.59.
- FY net income $262.1M ($4.52 EPS) vs $359.2M ($6.15); adjusted EBITDA $694.2M, down 15.6%.
- Total debt $2,740.6M, leverage ratio 3.53x vs 2.2x a year ago; net debt $2,542.9M.
- Announced target to eliminate $100M of structural costs via SG&A rationalization, network optimization, operational efficiency.
- Segment structure changes to four new segments (Customized Polymer, Durable Metal, Sustainable Fiber, Integrated) starting Q1 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43920/000004392024000050/0000043920-24-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43920/000004392024000050/gef-20241205.htm
  HTML page:      https://secwatch.observer/filing/0000043920-24-000050

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