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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Net sales $ 1,454.2 $ 1,330.3 $ 4,031.0 $ 3,910.2
Cost of products sold 1,163.8 1,023.3 3,248.9 3,039.8
Gross profit 290.4 307.0 782.1 870.4
Selling, general and administrative expenses 164.0 135.7 477.0 412.3
Acquisition and integration related costs 2.0 3.4 16.1 15.5
Restructuring charges 2.7 8.7 1.6 13.5
Non-cash asset impairment charges 0.2 1.6 1.9 3.4
(Gain) loss on disposal of properties, plants and equipment, net (3.4) 1.7 (6.4) (3.3)
(Gain) loss on disposal of businesses, net (46.1) 0.3 (46.1) (64.1)
Operating profit 171.0 155.6 338.0 493.1
Interest expense, net 41.3 25.3 95.7 71.5
Other expense, net 0.8 3.4 9.5 9.6
Income before income tax expense and equity earnings of unconsolidated affiliates, net 128.9 126.9 232.8 412.0
Income tax expense 36.2 31.1 15.0 107.9
Equity earnings of unconsolidated affiliates, net of tax (0.9) (0.9) (2.1) (1.7)
Net income 93.6 96.7 219.9 305.8
Net income attributable to noncontrolling interests (6.5) (6.4) (21.2) (14.4)
Net income attributable to Greif, Inc. $ 87.1 $ 90.3 $ 198.7 $ 291.4
Class A Common Stock        
Basic earnings per share attributable to Greif, Inc. common shareholders:        
Basic earnings per share attributable to Greif, Inc. common shareholders (in usd per share) $ 1.51 $ 1.57 $ 3.45 $ 5.03
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Diluted earnings per share attributable to Greif, Inc. common shareholders (in usd per share) $ 1.50 $ 1.55 $ 3.44 $ 4.99
Weighted-average number of common shares outstanding:        
Basic (in shares) 25,821,732 25,473,454 25,718,597 25,632,486
Diluted (in shares) 26,099,557 25,994,272 25,881,593 25,989,091
Cash dividends declared per common share:        
Cash dividends declared per common share (in usd per share) $ 0.52 $ 0.50 $ 1.56 $ 1.50
Class B Common Stock        
Basic earnings per share attributable to Greif, Inc. common shareholders:        
Basic earnings per share attributable to Greif, Inc. common shareholders (in usd per share) 2.26 2.35 5.16 7.54
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Diluted earnings per share attributable to Greif, Inc. common shareholders (in usd per share) $ 2.26 $ 2.35 $ 5.16 $ 7.54
Weighted-average number of common shares outstanding:        
Basic (in shares) 21,331,127 21,339,943 21,331,127 21,519,665
Diluted (in shares) 21,331,127 21,339,943 21,331,127 21,519,665
Cash dividends declared per common share:        
Cash dividends declared per common share (in usd per share) $ 0.78 $ 0.75 $ 2.33 $ 2.24