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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Oct. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (Unaudited) | QUARTERLY FINANCIAL DATA (UNAUDITED) The quarterly results of operations for 2020 and 2019 are shown below:
| 2020
(in millions, except per share amounts) | January 31, |  | April 30, |  | July 31, |  | October 31,
Net sales | $ | 1,112.4 |  |  | $ | 1,158.3 |  |  | $ | 1,083.0 |  |  | $ | 1,161.3 |
Gross profit | $ | 222.6 |  |  | $ | 240.7 |  |  | $ | 219.7 |  |  | $ | 231.7 |
Net income(1) | $ | 36.1 |  |  | $ | 15.8 |  |  | $ | 24.4 |  |  | $ | 48.0 |
Net income attributable to Greif, Inc.(1) | $ | 32.3 |  |  | $ | 11.4 |  |  | $ | 20.7 |  |  | $ | 44.4 |
Earnings per share |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |
Class A Common Stock | $ | 0.55 |  |  | $ | 0.19 |  |  | $ | 0.35 |  |  | $ | 0.74 |
Class B Common Stock | $ | 0.81 |  |  | $ | 0.29 |  |  | $ | 0.52 |  |  | $ | 1.12 |
Diluted: |  |  |  |  |  |  |
Class A Common Stock | $ | 0.55 |  |  | $ | 0.19 |  |  | $ | 0.35 |  |  | $ | 0.74 |
Class B Common Stock | $ | 0.81 |  |  | $ | 0.29 |  |  | $ | 0.52 |  |  | $ | 1.12 |
Earnings per share were calculated using the following number of shares: |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |
Class A Common Stock | 26,260,943 |  |  | 26,386,439 |  |  | 26,441,986 |  |  | 26,441,986 |
Class B Common Stock | 22,007,725 |  |  | 22,007,725 |  |  | 22,007,725 |  |  | 22,007,725 |
Diluted: |  |  |  |  |  |  |
Class A Common Stock | 26,414,280 |  |  | 26,386,439 |  |  | 26,442,595 |  |  | 26,512,331 |
Class B Common Stock | 22,007,725 |  |  | 22,007,725 |  |  | 22,007,725 |  |  | 22,007,725 |
Market price (Class A Common Stock): |  |  |  |  |  |  |
High | $ | 44.63 |  |  | $ | 40.82 |  |  | $ | 40.56 |  |  | $ | 43.82 |
Low | $ | 38.64 |  |  | $ | 24.10 |  |  | $ | 27.57 |  |  | $ | 34.44 |
Close | $ | 38.77 |  |  | $ | 33.08 |  |  | $ | 34.38 |  |  | $ | 40.59 |
Market price (Class B Common Stock): |  |  |  |  |  |  |
High | $ | 51.40 |  |  | $ | 48.45 |  |  | $ | 43.65 |  |  | $ | 47.19 |
Low | $ | 45.05 |  |  | $ | 30.80 |  |  | $ | 34.94 |  |  | $ | 38.29 |
Close | $ | 45.05 |  |  | $ | 38.50 |  |  | $ | 38.67 |  |  | $ | 43.25 |
(1) The Company recorded the following transactions during the fourth quarter of 2020: (i) acquisition and integration related costs of $3.5 million; (ii) restructuring charges of $11.9 million; (iii) non-cash asset impairment charges of $1.6 million; (v) (gain) on disposals of properties, plants, equipment, net of $(17.1) million; and (vi) loss 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.
| 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 and integration related costs of $7.5 million; (ii) restructuring charges of $5.8 million; (iii) non-cash asset impairment charges of $5.7 million; (iv) (gain) on disposals of properties, plants, equipment, net of ($6.8) million; and (v) 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. 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 14, 2020, there were 392 stockholders of record of the Class A Common Stock and 76 stockholders of record of the Class B Common Stock.

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- 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
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