XML 45 R28.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Quarterly Financial Data (Unaudited) | 12 Months Ended
--- | ---
Oct. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (Unaudited) | QUARTERLY FINANCIAL DATA (UNAUDITED) The quarterly results of operations for 2018 and 2017 are shown below:
| 2018
(in millions, except per share amounts) | January 31, |  | April 30, |  | July 31, |  | October 31,
Net sales | $ | 905.7 |  |  | $ | 968.3 |  |  | $ | 1,012.1 |  |  | $ | 987.7 |
Gross profit | $ | 171.7 |  |  | $ | 195.3 |  |  | $ | 217.1 |  |  | $ | 204.8 |
Net income(1) | $ | 60.1 |  |  | $ | 51.9 |  |  | $ | 72.0 |  |  | $ | 45.5 |
Net income attributable to Greif, Inc.(1) | $ | 56.5 |  |  | $ | 45.1 |  |  | $ | 67.7 |  |  | $ | 40.1 |
Earnings per share |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |
Class A Common Stock | $ | 0.96 |  |  | $ | 0.77 |  |  | $ | 1.15 |  |  | $ | 0.68 |
Class B Common Stock | $ | 1.44 |  |  | $ | 1.14 |  |  | $ | 1.72 |  |  | $ | 1.03 |
Diluted: |  |  |  |  |  |  |
Class A Common Stock | $ | 0.96 |  |  | $ | 0.77 |  |  | $ | 1.15 |  |  | $ | 0.67 |
Class B Common Stock | $ | 1.44 |  |  | $ | 1.14 |  |  | $ | 1.72 |  |  | $ | 1.03 |
Earnings per share were calculated using the following number of shares: |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |
Class A Common Stock | 25,845,758 |  |  | 25,934,680 |  |  | 25,941,279 |  |  | 25,941,279 |
Class B Common Stock | 22,007,725 |  |  | 22,007,725 |  |  | 22,007,725 |  |  | 22,007,725 |
Diluted: |  |  |  |  |  |  |
Class A Common Stock | 25,845,758 |  |  | 25,934,680 |  |  | 25,941,279 |  |  | 26,139,524 |
Class B Common Stock | 22,007,725 |  |  | 22,007,725 |  |  | 22,007,725 |  |  | 22,007,725 |
Market price (Class A Common Stock): |  |  |  |  |  |  |
High | $ | 62.94 |  |  | $ | 59.09 |  |  | $ | 60.89 |  |  | $ | 58.82 |
Low | $ | 49.68 |  |  | $ | 48.80 |  |  | $ | 51.71 |  |  | $ | 44.72 |
Close | $ | 57.76 |  |  | $ | 57.63 |  |  | $ | 54.03 |  |  | $ | 47.30 |
Market price (Class B Common Stock): |  |  |  |  |  |  |
High | $ | 68.71 |  |  | $ | 63.52 |  |  | $ | 64.02 |  |  | $ | 63.50 |
Low | $ | 55.90 |  |  | $ | 52.07 |  |  | $ | 56.01 |  |  | $ | 48.35 |
Close | $ | 61.60 |  |  | $ | 61.56 |  |  | $ | 57.20 |  |  | $ | 51.36 |
(1) The Company recorded the following significant transactions during the fourth quarter of 2018: (i) restructuring charges of $4.8 million; (ii) non-cash asset impairment charges of $4.2 million; (iii) pension settlement charges of $0.9 million; (iv) loss on disposals of properties, plants, equipment, net of $1.9 million; and (v) gain on disposals of businesses, net of $(0.9) million. Refer to the Company's Form 10-Q filings with the SEC for prior quarter significant transactions or trends.
| 2017
(in millions, except per share amounts) | January 31 |  | April 30 |  | July 31 |  | October 31
Net sales | $ | 820.9 |  |  | $ | 887.4 |  |  | $ | 961.8 |  |  | $ | 968.1 |
Gross profit | $ | 163.3 |  |  | $ | 181.9 |  |  | $ | 187.1 |  |  | $ | 182.4 |
Net income(1) | $ | 8.0 |  |  | $ | 39.9 |  |  | $ | 47.5 |  |  | $ | 39.7 |
Net income attributable to Greif, Inc.(1) | $ | 5.4 |  |  | $ | 36.0 |  |  | $ | 43.9 |  |  | $ | 33.3 |
Earnings per share |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |
Class A Common Stock | $ | 0.10 |  |  | $ | 0.61 |  |  | $ | 0.74 |  |  | $ | 0.57 |
Class B Common Stock | $ | 0.13 |  |  | $ | 0.92 |  |  | $ | 1.12 |  |  | $ | 0.85 |
Diluted: |  |  |  |  |  |  |
Class A Common Stock | $ | 0.10 |  |  | $ | 0.61 |  |  | $ | 0.74 |  |  | $ | 0.57 |
Class B Common Stock | $ | 0.13 |  |  | $ | 0.92 |  |  | $ | 1.12 |  |  | $ | 0.85 |
Earnings per share were calculated using the following number of shares: |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |
Class A Common Stock | 25,787,769 |  |  | 25,824,194 |  |  | 25,834,636 |  |  | 25,835,281 |
Class B Common Stock | 22,009,725 |  |  | 22,009,725 |  |  | 22,009,596 |  |  | 22,007,725 |
Diluted: |  |  |  |  |  |  |
Class A Common Stock | 25,792,441 |  |  | 25,828,882 |  |  | 25,835,294 |  |  | 25,835,281 |
Class B Common Stock | 22,009,725 |  |  | 22,009,725 |  |  | 22,009,596 |  |  | 22,007,725 |
Market price (Class A Common Stock): |  |  |  |  |  |  |
High | $ | 57.72 |  |  | $ | 58.95 |  |  | $ | 60.32 |  |  | $ | 60.01 |
Low | $ | 44.22 |  |  | $ | 51.70 |  |  | $ | 53.55 |  |  | $ | 55.00 |
Close | $ | 56.28 |  |  | $ | 57.75 |  |  | $ | 55.68 |  |  | $ | 55.53 |
Market price (Class B Common Stock): |  |  |  |  |  |  |
High | $ | 70.20 |  |  | $ | 71.31 |  |  | $ | 66.60 |  |  | $ | 65.25 |
Low | $ | 55.05 |  |  | $ | 56.93 |  |  | $ | 54.81 |  |  | $ | 57.58 |
Close | $ | 68.94 |  |  | $ | 65.92 |  |  | $ | 59.26 |  |  | $ | 62.85 |
(1)The Company recorded the following significant transactions during the fourth quarter of 2017: (i) restructuring charges of $4.0 million; (ii) non-cash asset impairment charges of $14.9 million; (iii) pension settlement charges of $1.5 million; (iv) loss on disposals of properties, plants, equipment, net of $3.5 million; and (v) loss on disposal of businesses, net of $3.9 million. Refer to the Company's Form 10-Q filings with the SEC for prior quarter significant transactions or trends. Shares of the Company’s Class A Common Stock and Class B Common Stock are listed on the New York Stock Exchange where the symbols are GEF and GEF.B, respectively. As of December 17, 2018, there were 322 stockholders of record of the Class A Common Stock and 79 stockholders of record of the Class B Common Stock.

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration