---
schema_version: "secwatch.filing_event.v1"
accession: "0000043920-23-000051"
form_type: "8-K"
ticker: "GEF"
cik: "0000043920"
company_name: "GREIF, INC"
filed_at: "2023-09-05T23:59:59+00:00"
generated_at: "2026-06-11T00:15:16.713219+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Greif Q3 net income down 36% to $90.3M; adjusted EPS $1.75; acquires 51% of ColePak; raises dividend

## Summary
- GAAP net income $90.3M ($1.55 diluted Class A EPS) vs $141.8M ($2.36) last year.
- Adjusted net income $102.1M ($1.75 diluted Class A EPS) vs $141.7M ($2.35); adjusted EBITDA $226.5M vs $251.0M.
- Acquired 51% stake in ColePak (partition manufacturer) on Aug 23, 2023; terms not disclosed.
- Quarterly dividend raised by $0.02 to $0.44 (Class A) and $0.03 to $0.66 (Class B); payable Oct 1.
- Net debt $2,013.8M; leverage ratio 2.17x, down from 2.25x sequentially, within 2.0-2.5x target.

## SEC filing metadata
- accession: 0000043920-23-000051
- form_type: 8-K
- ticker: GEF
- cik: 0000043920
- company_name: GREIF, INC
- filed_at: 2023-09-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/43920/000004392023000051/0000043920-23-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/43920/000004392023000051/gef-20230905.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000043920-23-000051
- JSON: https://secwatch.observer/filing/0000043920-23-000051.json
- Plain text: https://secwatch.observer/filing/0000043920-23-000051.txt

## Key facts
- Earnings Releases
  GREIF, INC reported third quarter 2023 results: net income Net income of $90.3 million or $1.55 per diluted Class A share, EPS net income of $141.8 million or $2.36 per diluted Class A share.
  - Period: third quarter 2023
  - Net income: Net income of $90.3 million or $1.55 per diluted Class A share
  - EPS: net income of $141.8 million or $2.36 per diluted Class A share
  - Result: reported results
  source text: Greif Reports Third Quarter 2023 Results DELAWARE, Ohio (August 30, 2023) – Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced third quarter 2023 results. Third Quarter Financial Highlights include (all results compared to the third quarter of 2022 unless otherwise noted): • Net income of $90.3 million or $1.55 per diluted Class A share decreased compared to net income of $141.8 million or $2.36 per diluted Class A share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/43920/000004392023000051/0000043920-23-000051-index.htm

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