---
schema_version: "secwatch.filing_event.v1"
accession: "0000043920-23-000035"
form_type: "8-K"
ticker: "GEF"
cik: "0000043920"
company_name: "GREIF, INC"
filed_at: "2023-06-13T23:59:59+00:00"
generated_at: "2026-06-14T02:24:36.309077+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Greif Q2 net income falls to $111.2M ($1.90 EPS) from $125.1M; adjusted EBITDA down 9%

## Summary
- Net income $111.2M ($1.90 diluted EPS) vs $125.1M ($2.09) a year ago; adjusted EPS $1.77 vs $2.41.
- Adjusted EBITDA $228.6M, down $22.4M from $251.0M; net cash from operations up $71.6M to $210.8M.
- Completed 80% stake in Centurion Container for $145.0M cash; total debt rose to $2,289.2M.
- Signed $300.0M senior secured credit agreement with CoBank, refinancing revolver borrowings.
- Free cash flow record high of $185.5M; leverage ratio 2.25x within 2.0x–2.5x target.

## SEC filing metadata
- accession: 0000043920-23-000035
- form_type: 8-K
- ticker: GEF
- cik: 0000043920
- company_name: GREIF, INC
- filed_at: 2023-06-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/43920/000004392023000035/0000043920-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/43920/000004392023000035/gef-20230613.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000043920-23-000035
- JSON: https://secwatch.observer/filing/0000043920-23-000035.json
- Plain text: https://secwatch.observer/filing/0000043920-23-000035.txt

## Key facts
- Earnings Releases
  GREIF, INC reported second quarter ended April 30, 2023 results: net income $111.2 million, EPS $1.90 per diluted Class A share.
  - Period: second quarter ended April 30, 2023
  - Net income: $111.2 million
  - EPS: $1.90 per diluted Class A share
  - Result: reported results
  source text: • Net income of $111.2 million or $1.90 per diluted Class A share decreased compared to net income of $125.1 million or $2.09 per diluted Class A share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/43920/000004392023000035/0000043920-23-000035-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.