Highest-materiality recent filing
Greif replaces $275M receivables facility with new $200M facility; PNC replaces Bank of America
Fourth Amended TAA provides $200M receivables facility, down from $275M under Existing TAA with Bank of America.
Greif Q2 adjusted EBITDA up 7.5% to $156.8M, but GAAP net income down 32.3%
Net income $12.6M ($0.22 diluted EPS) vs $18.6M ($0.32) a year ago; adjusted net income $62.7M ($1.10) up 57.5%.
Greif enters new $1.3B credit facilities, extends maturity to Feb 2031
New $800M secured revolver ($725M multicurrency + $75M) and $100M term loan A-1, both maturing Feb 27, 2031.
Greif recasts 2025 quarterly results for new fiscal year and segment realignment
Fiscal year changed to Oct-Sep; Q1 2026 ended Dec 31, 2025, aligning with new calendar-based quarters.
Greif shareholders elect all 10 director nominees, ratify auditor, approve exec comp at 2026 meeting
Ole Rosgaard re-elected with 17.23M for vs 30.9K withheld; all 10 nominees passed by wide margins.
Greif Q1 adjusted EBITDA up 24%; $130M share buybacks; reaffirms FY 2026 guidance
Net income from continuing ops $176.6M vs $6.6M; adjusted EPS $0.48 vs $0.20, up 146%.
Greif reports two-month Q4 net loss $43.3M, adj EBITDA $98.9M; guides FY2026 adj EBITDA $630M
Net loss of $43.3M ($0.73 diluted EPS) vs income of $34M ($0.58) in prior-year two-month period.
Greif completes $1.8B sale of containerboard business to Packaging Corp of America
Sale closed Aug 31, 2025; purchase price $1.8B subject to adjustments; proceeds to reduce debt by ~$1.4B.
Greif Q3 adjusted EPS beats; $1.8B containerboard divestiture, GC retirement
Net income from continuing ops $39.3M (-49.6% YoY); adjusted net income $60.4M (+11.6%), adjusted diluted EPS $1.03 vs $0.92.
Greif signs $462M agreement to sell Soterra timberlands to Molpus Woodlands Group
Sells over 173,000 acres of timberlands in AL, LA, MS for $462M.
Greif divests containerboard business; deal details not in filing text
Greif divested Greif Containerboard Solutions, LLC and Box-Board Holding Corporation.
Greif sells containerboard business for $1.8B cash to Packaging Corp of America
All-cash sale of Greif Containerboard Solutions and Box-Board Holding to Packaging Corporation of America.
Greif reports fiscal Q2 2025: net income $47.3M, adjusted EBITDA $213.9M, up 26% YoY
Net income of $47.3M ($0.82/diluted Class A share) vs $44.4M ($0.77) a year ago; adjusted net income $68.7M ($1.19) vs $48.1M ($0.83).
Greif Q1 net income down 87% to $0.15; Adj EBITDA up 6%; plans timberland sale for debt cut
Net income $8.6M ($0.15 diluted Class A EPS), vs $67.2M ($1.17) a year ago, down 87.2%.
All ten director nominees elected with votes ranging from 16.1M to 17.3M in favor.
Greif holds Q4 FY2024 earnings call; financial details not in filing excerpt
Greif held Q4 FY2024 earnings conference call on Dec 5, 2024; results for period ended Oct 31, 2024.
Q4 net income $63.4M ($1.08 diluted EPS) vs $67.8M ($1.16) last year; adjusted EPS $1.13 vs $1.59.
Director Vicki Avril-Groves to retire from Greif board effective Nov 1, 2024
Vicki Avril-Groves notified Greif on October 2, 2024 of her resignation, effective November 1, 2024.
Greif Q3 net income down 3.5% to $87.1M; adjusted EPS falls 41.6% to $1.03
Net income $87.1M ($1.50 diluted EPS), down 3.5% YoY; adjusted net income $59.6M ($1.03), down 41.6%.
Greif elects Andy Rose (President & CEO of Worthington Enterprises) to board of directors
Andy Rose, President and CEO of Worthington Enterprises, elected to Greif Board of Directors effective August 26, 2024.
Greif Q2 net income falls 60% to $44.4M; adjusted EBITDA down 26% to $169.9M
Diluted EPS of $0.77 vs $1.90 YoY; adjusted EPS of $0.82 vs $1.77.
Greif elects Chart Industries CEO Jillian Evanko to Board of Directors
Jillian Evanko, President and CEO of Chart Industries (GTLS), elected to Greif's Board effective June 3, 2024.
Greif completes $576M acquisition of Ipackchem, funds via $300M term loan
Acquired Ipackchem for cash consideration of $538M plus $38M ticking fee and adjustments, totaling ~$576M.
Greif Q1 net income falls to $67.2M; adjusted EPS rises to $1.27; leverage at 2.53x
Net income $67.2M ($1.17 diluted Class A) vs $89.9M ($1.54) last year; adjusted net income $72.8M ($1.27) vs $61.9M ($1.06).
Greif Q4 net income falls to $67.8M; adjusted EBITDA $199.2M; acquires Ipackchem for $538M
Q4 net income of $67.8M ($1.16 diluted EPS) vs $99.5M ($1.67) a year ago; adjusted EPS $1.56.
Greif signs definitive agreement to acquire Ipackchem after Put Option exercise
Conditions precedent satisfied; Sellers exercised Put Option on November 17, 2023.
Greif reaffirms FY2023 adjusted EBITDA guidance of $790M-$820M; notes ongoing volume softness
Reaffirmed FY2023 adjusted EBITDA guidance range of $790M to $820M.
Greif plans to acquire Ipackchem for $538M cash; EBITDA multiple 9.4x, accretive to margins
Purchase price $538M in cash; Ipackchem LTM sales ~$235M, adjusted EBITDA $57M.
Greif Q3 net income down 36% to $90.3M; adjusted EPS $1.75; acquires 51% of ColePak; raises dividend
GAAP net income $90.3M ($1.55 diluted Class A EPS) vs $141.8M ($2.36) last year.
Greif amends deferred comp plan, reducing vesting from 10 to 5 years; CEO becomes fully vested
Vesting period reduced from 10 to 5 years, effective June 30, 2023.
Greif Q2 net income falls to $111.2M ($1.90 EPS) from $125.1M; adjusted EBITDA down 9%
Net income $111.2M ($1.90 diluted EPS) vs $125.1M ($2.09) a year ago; adjusted EPS $1.77 vs $2.41.
Greif enters $300M senior secured term loan facility with CoBank, maturing May 2028
New $300M term loan with CoBank used to repay a portion of existing 2022 credit agreement.
Greif elects Bruce Edwards as Chairman; Pete Watson and John Finn retire from board
Bruce Edwards, former DHL Supply Chain CEO, elected Chairman of the Board, effective February 28, 2023.
Greif Q1 adjusted EPS falls to $1.06 from $1.28; announces $145M Centurion acquisition
GAAP net income $89.9M ($1.54/sh) vs $10.3M ($0.18) YoY; adjusted net income $61.9M ($1.06) vs $75.6M ($1.28).
Peter G. Watson retired as employee and Executive Chairman on Feb 1, 2023; title changed to Chairman of the Board.
Greif reports record free cash flow, adjusted EBITDA up; announces $300M Lee Container acquisition
Q4 adjusted EPS $1.83 vs $1.93 prior year; net income $99.5M vs $104.5M.
Greif acquires Lee Container for $300M cash; reaffirms FY22 EPS guidance
Purchase price $300M in cash from existing credit facility; estimated $30M NPV of tax benefits.
Greif Q3 net income rises to $141.8M ($2.36 EPS); adjusted EBITDA $251M; launches $150M buyback
Net income $141.8M ($2.36 diluted Class A EPS) vs $113.0M ($1.89) a year ago; adjusted net income $141.7M ($2.35).
Greif elects Roel Vestjens (CEO of Belden) to Board of Directors
Roel Vestjens elected to fill a newly created board vacancy effective August 29, 2022.
Greif announces $150M share repurchase program, including $75M accelerated buyback
New $150M share repurchase program: $75M accelerated share repurchase (ASR) with Bank of America, plus $75M open-market purchases.
Greif Q2 adjusted EPS $2.41 vs $1.13 YoY; EBITDA $251M; leverage down to 2.12x
Net income $125.1M ($2.09/diluted share) vs $149.8M ($2.51) prior year, which included a $95.7M timberland gain.
Greif furnishes investor presentation for May 2022 meetings; no material new info disclosed
Presentation dated May 5, 2022, used at investor meetings commencing that month.
Greif appoints David Lloyd VP Finance (GIP), Michael Taylor VP/Controller effective May 1
David C. Lloyd named VP of Finance for Global Industrial Packaging; previously VP, Controller and Treasurer.
Greif enters $2.415B new credit facilities, elects two new directors
New $800M revolver, $1.1B term A-1, $515M term A-2, maturing Mar 1, 2027.
Greif Q1 adjusted EPS $1.28, record EBITDA; divests FPS JV for $123M; raises FY22 guidance
Net income $10.3M ($0.18 GAAP EPS) vs $23.4M; adjusted net income $75.6M ($1.28) up from $0.61.
Greif furnishes investor presentation; no material financial updates provided
Presentation used at investor meetings commencing January 20, 2022.
Greif Q4 net income jumps to $104.5M from $44.4M YoY; adj. EPS $1.93 vs $0.78
Q4 net income $104.5M ($1.74/sh) vs $44.4M ($0.74) YoY; adjusted net income $115.4M ($1.93/sh) vs $46.4M ($0.78).
Greif SVP Michael Cronin to retire effective Feb 1, 2022
Michael Cronin, SVP Enterprise Strategy and Global Sourcing and Supply Chain, retiring effective February 1, 2022.
Greif reports record Q3 sales $1.49B, EPS $1.89; CEO to retire Feb 2022; raises guidance
Net sales $1,490.8M (record), up 37.6% YoY; net income $113.0M ($1.89/diluted A share) vs $20.7M ($0.35) prior year.
Exhibit 99.1 is an investor presentation used during the week of July 19, 2021.
On October 2, 2024, Vicki Avril-Groves notified Greif, Inc. (the “Company”) that she will resign and retire from the Board of Directors of the Company, effective as of November 1, 2024.
elected B. Andrew Rose as a director to fill the new vacancy on the Board.
On June 3, 2024, in accordance with Article II, Section 2.1 of the By-Laws of Greif, Inc. (the "Company"), and during a regular meeting, the Company's Board of Directors (the "Board") approved a resolution to fix the number of directors of the Company at 10 and elected Jillian C. Evanko as a director to fill the new vacancy on the Board.
On February 27, 2023, the Board of Directors of Greif, Inc. (the “Company”) accepted the resignation of Roel Vestjens as a director.
On February 1, 2023, Peter G. Watson, Executive Chairman and a Named Executive Officer of Greif, Inc. (the “Company”), retired as an employee of the Company.
On August 29, 2022, at the Company’s Board of Directors meeting, the Board, in accordance with Article II, Section 2.1 of the Company’s By-Laws, approved a resolution to fix the number of directors of the Company at 12 and elected Roel Vestjens as a director to fill the newly created vacancy on the Board.
Michael J. Taylor, age 39, has been appointed as Vice President, Controller of the Company, and in that capacity, he will serve as the Chief Accounting Officer for the Company.
David C. Lloyd, age 52, has been appointed as Vice President of Finance, supporting the Global Industrial Packaging business.
elected Karen Morrison as a director to fill the newly created vacancy on the Board.
The press release announcing Ms. Morrison’s election as director, along with the election of Kim Scott, is attached as Exhibit 99.1.
On November 2, 2021, Greif, Inc. (the “Company”) issued an announcement to employees that Michael Cronin, Senior Vice President, Enterprise Strategy and Global Sourcing and Supply Chain, will retire from the Company, effective February 1, 2022.
Max materiality 1.00 · Median 0.70 · Most common event earnings