Highest-materiality recent filing
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 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%.
Q4 net income $63.4M ($1.08 diluted EPS) vs $67.8M ($1.16) last year; adjusted EPS $1.13 vs $1.59.
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 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 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 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 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).
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 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 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 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 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.
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