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EARNINGS PER SHARE
 3 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The Company has two classes of common stock and, as such, applies the “two-class method” of computing earnings per share (“EPS”) as prescribed in ASC 260, “Earnings Per Share.” In accordance with this guidance, earnings are allocated in the same fashion as dividends would be distributed. Under the Company’s certificate of incorporation, any distribution of dividends in any year must be made in proportion of one cent a share for Class A Common Stock to one and one-half cents a share for Class B Common Stock, which results in a 40% to 60% split to Class A and B shareholders, respectively. In accordance with this, earnings are allocated first to Class A and Class B Common Stock to the extent that dividends are actually paid and the remainder is allocated assuming all of the earnings for the period have been distributed in the form of dividends.
The Company calculates EPS as follows:
Basic Class A EPS=40% * Average Class A Shares Outstanding*Undistributed Net Income+Class A Dividends Per Share
40% * Average Class A Shares Outstanding + 60% * Average Class B Shares OutstandingAverage Class A Shares Outstanding
Diluted Class A EPS=40% * Average Class A Shares Outstanding*Undistributed Net Income+Class A Dividends Per Share
40% * Average Class A Shares Outstanding + 60% * Average Class B Shares OutstandingAverage Diluted Class A Shares Outstanding
Basic Class B EPS=60% * Average Class B Shares Outstanding*Undistributed Net Income+Class B Dividends Per Share
40% * Average Class A Shares Outstanding + 60% * Average Class B Shares OutstandingAverage Class B Shares Outstanding
         *Diluted Class B EPS calculation is identical to Basic Class B calculation
The following table provides EPS information for each period, respectively:
 Three Months Ended
December 31,
(in millions)20252024
Numerator for basic and diluted EPS
Net income from continuing operations attributable to Greif, Inc.$176.6 $6.6 
Net (loss) income from discontinued operations attributable to Greif, Inc.(2.0)15.4 
Net income attributable to Greif, Inc.174.6 22.0 
Dividends declared(31.7)(31.0)
Undistributed earnings attributable to Greif, Inc.$142.9 $(9.0)
The Class A Common Stock has no voting rights unless four quarterly cumulative dividends upon the Class A Common Stock are in arrears. The Class B Common Stock has full voting rights. There is no cumulative voting for the election of directors.
Common Stock Repurchases
In 2017, the Board of Directors authorized the Company to repurchase up to 4,000,000 shares of the Company’s Class A Common Stock or Class B Common Stock, or any combination of the foregoing (the “2017 Authorization”).
In the first quarter of 2026, the Company entered into two agreements for open market repurchases that would nearly complete the repurchase of shares under the 2017 Authorization. One agreement provides for the repurchase of shares of Class A Common Stock up to an aggregate amount not to exceed $120.0 million in total repurchases, and the other agreement provides for the repurchase of shares of Class B Common Stock up to an aggregate amount not to exceed $30.0 million in total repurchases.
On December 9, 2025, the Board of Directors authorized the Company to repurchase shares of Class A Common Stock or Class B Common Stock, or any combination of the foregoing, up to an aggregate amount not to exceed $300.0 million in total purchases (the “2025 Authorization”). Repurchases of shares of Class A Common Stock or Class B Common Stock under the 2025 Authorization will not begin until after the completion of the repurchase of shares of Class A Common Stock or Class B Common Stock, as the case may be, under the 2017 Authorization.
For the three months ended December 31, 2025, 1,813,600 shares of Class A Common Stock and 110,088 of Class B Common Stock have been repurchased under the 2017 Authorization. As of December 31, 2025, the remaining number of shares that could be repurchased under the 2017 Authorization was 581,148 shares.
The following table summarizes the shares of the Company’s Class A and Class B Common Stock as of the specified dates:
Authorized
Shares		Issued
Shares		Outstanding
Shares		Treasury
Shares
December 31, 2025
Class A Common Stock128,000,000 42,281,920 24,356,344 17,925,576 
Class B Common Stock69,120,000 34,560,000 21,221,039 13,338,961 
September 30, 2025
Class A Common Stock128,000,000 42,281,920 26,169,944 16,111,976 
Class B Common Stock69,120,000 34,560,000 21,331,127 13,228,873 
The following is a reconciliation of the shares used to calculate basic and diluted earnings per share:
 Three Months Ended
December 31,
 20252024
Class A Common Stock:
Basic shares25,698,863 25,850,270 
Assumed conversion of restricted shares753,244 437,017 
Diluted shares26,452,107 26,287,287 
Class B Common Stock:
Basic and diluted shares21,315,064 21,331,127