---
schema_version: "secwatch.filing_event.v1"
accession: "0000043920-24-000012"
form_type: "8-K"
ticker: "GEF"
cik: "0000043920"
company_name: "GREIF, INC"
filed_at: "2024-03-01T23:59:59+00:00"
generated_at: "2026-06-05T05:50:31.574482+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Greif Q1 net income falls to $67.2M; adjusted EPS rises to $1.27; leverage at 2.53x

## Summary
- 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).
- Adjusted EBITDA $128.0M vs $164.5M; net cash from operations $4.5M (down $28.4M); adjusted free cash flow -$48.2M.
- Total debt $2,291.8M (+$62.5M); net debt $2,112.5M; leverage ratio 2.53x vs 2.11x prior year.
- All nine director nominees elected; Deloitte ratified as auditor; CEO cites challenging demand, Ipackchem acquisition progress.

## SEC filing metadata
- accession: 0000043920-24-000012
- form_type: 8-K
- ticker: GEF
- cik: 0000043920
- company_name: GREIF, INC
- filed_at: 2024-03-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/43920/000004392024000012/0000043920-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/43920/000004392024000012/gef-20240301.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000043920-24-000012
- JSON: https://secwatch.observer/filing/0000043920-24-000012.json
- Plain text: https://secwatch.observer/filing/0000043920-24-000012.txt

## Key facts
- Earnings Releases
  GREIF, INC reported first quarter ended January 31, 2024 results: net income $67.2 million, EPS $1.17 per diluted Class A share.
  - Period: first quarter ended January 31, 2024
  - Net income: $67.2 million
  - EPS: $1.17 per diluted Class A share
  - Result: reported results
  source text: Net income of $67.2 million or $1.17 per diluted Class A share decreased compared to net income of $89.9 million or $1.54 per diluted Class A share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/43920/000004392024000012/0000043920-24-000012-index.htm
- Shareholder Votes
  GREIF, INC shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent auditor for fiscal year 2024 at the 2024-02-26 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2024-02-26
  source text: Proposal 2 To consider and vote upon the ratification of the appointment of Deloitte & Touche LLP as the Company’s independent auditor for fiscal year 2024:
  evidence_url: https://www.sec.gov/Archives/edgar/data/43920/000004392024000012/0000043920-24-000012-index.htm
- Shareholder Votes
  GREIF, INC shareholders approved Election of directors at the 2024-02-26 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2024-02-26
  source text: The Annual Meeting of Stockholders (the "Annual Meeting") of the Company was held on February 26, 2024. At the Annual Meeting, the holders of the Company's Class B Common Stock voted on the following proposals and cast their votes as described below. Proposal 1 To elect the following persons as directors for one-year terms: Ole G. Rosgaard, Vicki L. Avril-Groves, Bruce A. Edwards, Mark A. Emkes, John W. McNamara, Frank C. Miller, Karen A. Morrison, Robert M. Patterson and Kimberly T. Scott, the nine persons nominated by the Company’s Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/43920/000004392024000012/0000043920-24-000012-index.htm

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