XML 51 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Jul. 31, 2012
Jul. 31, 2011
Net sales $ 1,102.8 $ 1,121.9 $ 3,193.6 $ 3,116.5
Cost of products sold 900.3 910.8 2,606.5 2,522.4
Gross profit 202.5 211.1 587.1 594.1
Selling, general and administrative expenses 115.8 109.3 344.9 330.0
Restructuring charges 3.9 3.4 22.9 11.4
(Gain) on disposal of properties, plants and equipment, net (3.3) (9.2) (6.4) (14.1)
Operating profit 86.1 107.6 225.7 266.8
Interest expense, net 22.7 18.4 70.5 53.8
Other (income) expense, net (2.3) 4.5 0.2 9.9
Income before income tax expense and equity earnings of unconsolidated affiliates, net 65.7 84.7 155.0 203.1
Income tax expense 24.5 17.3 50.5 45.3
Equity earnings of unconsolidated affiliates, net of tax 0.5 1.5 2.5 2.0
Net income 41.7 68.9 107.0 159.8
Net income attributable to noncontrolling interests (1.0) (2.0) (1.2) (1.4)
Net income attributable to Greif, Inc. $ 40.7 $ 66.9 $ 105.8 $ 158.4
Class A common stock
       
Basic earnings per share attributable to Greif, Inc. common shareholders:        
EPS Basic $ 0.70 $ 1.15 $ 1.82 $ 2.72
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
EPS Diluted $ 0.70 $ 1.14 $ 1.82 $ 2.70
Class B common stock
       
Basic earnings per share attributable to Greif, Inc. common shareholders:        
EPS Basic $ 1.05 $ 1.72 $ 2.72 $ 4.06
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
EPS Diluted $ 1.05 $ 1.72 $ 2.72 $ 4.06