secwatch.observer — SEC 8-K summary
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Issuer:     GREIF, INC (GEF)
CIK:        0000043920
Form:       8-K
Filed at:   2025-03-03T23:59:59+00:00
Accession:  0000043920-25-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greif Q1 net income down 87% to $0.15; Adj EBITDA up 6%; plans timberland sale for debt cut
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- Net income $8.6M ($0.15 diluted Class A EPS), vs $67.2M ($1.17) a year ago, down 87.2%.
- Adjusted EBITDA rose 5.9% to $145.1M; adjusted free cash flow negative $61.9M.
- Intends to divest ~176,000 acres of Southeastern US timberland; proceeds to reduce debt.
- Closure of Austell, GA paperboard machine and Fitchburg, MA mill; $13M annual cost savings achieved.
- Total debt $2.84B, net debt $2.64B; leverage ratio climbed to 3.63x from 2.46x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43920/000004392025000014/0000043920-25-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43920/000004392025000014/gef-20250303.htm
  HTML page:      https://secwatch.observer/filing/0000043920-25-000014

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