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Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Oct. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Results of Operations | The quarterly results of operations for 2019 and 2018 are shown below:
| 2019
(in millions, except per share amounts) | January 31, |  | April 30, |  | July 31, |  | October 31,
Net sales | $ | 897.0 |  |  | $ | 1,213.3 |  |  | $ | 1,252.6 |  |  | $ | 1,232.1 |
Gross profit | $ | 172.8 |  |  | $ | 248.7 |  |  | $ | 279.4 |  |  | $ | 259.0 |
Net income(1) | $ | 35.8 |  |  | $ | 21.1 |  |  | $ | 67.5 |  |  | $ | 69.8 |
Net income attributable to Greif, Inc.(1) | $ | 29.7 |  |  | $ | 13.6 |  |  | $ | 62.7 |  |  | $ | 65.0 |
Earnings per share |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |
Class A Common Stock | $ | 0.51 |  |  | $ | 0.23 |  |  | $ | 1.06 |  |  | $ | 1.09 |
Class B Common Stock | $ | 0.75 |  |  | $ | 0.34 |  |  | $ | 1.59 |  |  | $ | 1.65 |
Diluted: |  |  |  |  |  |  |
Class A Common Stock | $ | 0.51 |  |  | $ | 0.23 |  |  | $ | 1.06 |  |  | $ | 1.09 |
Class B Common Stock | $ | 0.75 |  |  | $ | 0.34 |  |  | $ | 1.59 |  |  | $ | 1.65 |
Earnings per share were calculated using the following number of shares: |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |
Class A Common Stock | 25,991,433 |  |  | 26,250,460 |  |  | 26,257,943 |  |  | 26,257,943 |
Class B Common Stock | 22,007,725 |  |  | 22,007,725 |  |  | 22,007,725 |  |  | 22,007,725 |
Diluted: |  |  |  |  |  |  |
Class A Common Stock | 25,991,433 |  |  | 26,255,112 |  |  | 26,257,943 |  |  | 26,360,148 |
Class B Common Stock | 22,007,725 |  |  | 22,007,725 |  |  | 22,007,725 |  |  | 22,007,725 |
Market price (Class A Common Stock): |  |  |  |  |  |  |
High | $ | 49.28 |  |  | $ | 41.49 |  |  | $ | 39.15 |  |  | $ | 40.59 |
Low | $ | 31.22 |  |  | $ | 37.10 |  |  | $ | 30.74 |  |  | $ | 30.05 |
Close | $ | 37.67 |  |  | $ | 38.59 |  |  | $ | 34.57 |  |  | $ | 39.17 |
Market price (Class B Common Stock): |  |  |  |  |  |  |
High | $ | 50.55 |  |  | $ | 48.57 |  |  | $ | 47.69 |  |  | $ | 48.76 |
Low | $ | 36.87 |  |  | $ | 42.48 |  |  | $ | 41.10 |  |  | $ | 37.96 |
Close | $ | 43.18 |  |  | $ | 47.23 |  |  | $ | 42.39 |  |  | $ | 47.03 |
(1) The Company recorded the following significant transactions during the fourth quarter of 2019: (i) acquisition-related costs of $7.5 million; (ii) restructuring charges of $5.8 million; (iii) non-cash asset impairment charges of $5.7 million; (v) gain on disposals of properties, plants, equipment, net of $(6.8) million; and (vi) loss on disposals of businesses, net of $0.7 million. See the Company's Form 10-Q filings with the SEC for prior quarter significant transactions or trends.
| 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. See the Company's Form 10-Q filings with the SEC for prior quarter significant transactions or trends.

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