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Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Oct. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Results of Operations | 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.

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