---
schema_version: "secwatch.filing_event.v1"
accession: "0000043920-23-000064"
form_type: "8-K"
ticker: "GEF"
cik: "0000043920"
company_name: "GREIF, INC"
filed_at: "2023-12-11T23:59:59+00:00"
generated_at: "2026-06-07T15:16:06.868733+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Greif Q4 net income falls to $67.8M; adjusted EBITDA $199.2M; acquires Ipackchem for $538M

## Summary
- Q4 net income of $67.8M ($1.16 diluted EPS) vs $99.5M ($1.67) a year ago; adjusted EPS $1.56.
- Fiscal 2023 adjusted EBITDA $818.8M, down from $917.5M; company calls it second-best year.
- Signed definitive agreement to acquire Ipackchem Group SAS for $538M cash; expected close by Q2 2024.
- Board amended bylaws to change fiscal year end to September 30 after October 31, 2024.
- Quarterly dividend increased 4% during the year; total dividends paid $116.5M in fiscal 2023.

## SEC filing metadata
- accession: 0000043920-23-000064
- form_type: 8-K
- ticker: GEF
- cik: 0000043920
- company_name: GREIF, INC
- filed_at: 2023-12-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/43920/000004392023000064/0000043920-23-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/43920/000004392023000064/gef-20231211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000043920-23-000064
- JSON: https://secwatch.observer/filing/0000043920-23-000064.json
- Plain text: https://secwatch.observer/filing/0000043920-23-000064.txt

## Key facts
- Earnings Releases
  GREIF, INC reported fourth quarter ended October 31, 2023 results: net income Net income of $67.8 million, EPS $1.16 per diluted Class A share.
  - Period: fourth quarter ended October 31, 2023
  - Net income: Net income of $67.8 million
  - EPS: $1.16 per diluted Class A share
  - Result: reported results
  source text: Net income of $67.8 million or $1.16 per diluted Class A share
  evidence_url: https://www.sec.gov/Archives/edgar/data/43920/000004392023000064/0000043920-23-000064-index.htm
- Earnings Releases
  GREIF, INC reported fiscal year ended October 31, 2023 results: net income Net income of $359.2 million, EPS $6.15 per diluted Class A share.
  - Period: fiscal year ended October 31, 2023
  - Net income: Net income of $359.2 million
  - EPS: $6.15 per diluted Class A share
  - Result: reported results
  source text: Net income of $359.2 million or $6.15 per diluted Class A share
  evidence_url: https://www.sec.gov/Archives/edgar/data/43920/000004392023000064/0000043920-23-000064-index.htm
- Governance Changes
  GREIF, INC: Adoption of amendment to By-Laws changing fiscal year end to September 30, effective first such fiscal year ending September 30, 2025 (effective 2023-12-05).
  - Change: fiscal year change
  - Effective: 2023-12-05
  source text: On December 5, 2023, the Company's Board of Directors adopted an amendment to Article VI, Section 6.8 of the Company's Third Amended and Restated By-Laws that will enact a new fiscal year of the Company ending September 30, with the first such fiscal year ending September 30, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/43920/000004392023000064/0000043920-23-000064-index.htm

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