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Quarterly Financial Data (Unaudited)
12 Months Ended
Oct. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (UNAUDITED)
The quarterly results of operations for 2016 and 2015 are shown below (Dollars in millions, except per share amounts):
 
2016
January 31,
 
April 30,
 
July 31,
 
October 31,
Net sales
$
771.4

 
$
839.6

 
$
845.0

 
$
867.6

Gross profit
$
151.3

 
$
173.7

 
$
176.5

 
$
183.4

Net income (loss) (1)
$
(9.9
)
 
$
32.5

 
$
46.4

 
$
6.5

Net income (loss) attributable to Greif, Inc.(1)
$
(11.1
)
 
$
31.4

 
$
46.1

 
$
8.5

Earnings (loss) per share
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Class A Common Stock
$
(0.19
)
 
$
0.53

 
$
0.78

 
$
0.14

Class B Common Stock
$
(0.29
)
 
$
0.80

 
$
1.18

 
$
0.22

Diluted:
 
 
 
 
 
 
 
Class A Common Stock
$
(0.19
)
 
$
0.53

 
$
0.78

 
$
0.14

Class B Common Stock
$
(0.29
)
 
$
0.80

 
$
1.18

 
$
0.22

Earnings per share were calculated using the following number of shares:
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Class A Common Stock
25,697,512

 
25,761,733

 
25,781,146

 
25,781,791

Class B Common Stock
22,119,966

 
22,108,942

 
22,009,725

 
22,009,725

Diluted:
 
 
 
 
 
 
 
Class A Common Stock
25,704,023

 
25,766,609

 
25,783,184

 
25,785,266

Class B Common Stock
22,119,966

 
22,108,942

 
22,009,725

 
22,009,725

Market price (Class A Common Stock):
 
 
 
 
 
 
 
High
$
33.77

 
$
35.56

 
$
40.09

 
$
49.59

Low
$
24.05

 
$
23.17

 
$
32.96

 
$
38.92

Close
$
25.51

 
$
34.02

 
$
39.77

 
$
46.86

Market price (Class B Common Stock):
 
 
 
 
 
 
 
High
$
45.80

 
$
47.38

 
$
55.48

 
$
60.98

Low
$
34.48

 
$
32.91

 
$
44.38

 
$
50.26

Close
$
35.11

 
$
45.07

 
$
52.41

 
$
58.25

 
(1)
We recorded the following significant transactions during the fourth quarter of 2016: (i) restructuring charges of $9.0 million; (ii) non-cash asset impairment charges of $6.5 million; (iii) gain on disposals of properties, plants, equipment, net of $0.8 million; and (iv) loss on disposals of businesses, net of $18.6 million. Refer to Form 10-Q filings, as previously filed with the SEC, for prior quarter significant transactions or trends.
2015
January 31
 
April 30
 
July 31
 
October 31
Net sales
$
902.3

 
$
915.9

 
$
930.0

 
$
868.5

Gross profit
$
153.9

 
$
181.1

 
$
166.8

 
$
168.0

Net income(1)
$
28.2

 
$
20.5

 
$
9.3

 
$
9.2

Net income attributable to Greif, Inc.(1)
$
30.1

 
$
20.8

 
$
8.6

 
$
12.4

Earnings per share
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Class A Common Stock
$
0.52

 
$
0.35

 
$
0.15

 
$
0.21

Class B Common Stock
$
0.76

 
$
0.53

 
$
0.22

 
$
0.32

Diluted:
 
 
 
 
 
 
 
Class A Common Stock
$
0.52

 
$
0.35

 
$
0.15

 
$
0.21

Class B Common Stock
$
0.76

 
$
0.53

 
$
0.22

 
$
0.32

Earnings per share were calculated using the following number of shares:
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Class A Common Stock
25,607,886

 
25,678,393

 
25,692,973

 
25,693,564

Class B Common Stock
22,119,966

 
22,119,966

 
22,119,966

 
22,119,966

Diluted:
 
 
 
 
 
 
 
Class A Common Stock
25,617,814

 
25,688,653

 
25,698,547

 
25,701,264

Class B Common Stock
22,119,966

 
22,119,966

 
22,119,966

 
22,119,966

Market price (Class A Common Stock):
 
 
 
 
 
 
 
High
$
45.94

 
$
41.97

 
$
41.65

 
$
35.97

Low
$
36.43

 
$
34.52

 
$
29.43

 
$
27.13

Close
$
36.43

 
$
39.29

 
$
30.20

 
$
32.33

Market price (Class B Common Stock):
 
 
 
 
 
 
 
High
$
47.39

 
$
45.89

 
$
47.80

 
$
47.97

Low
$
41.47

 
$
40.40

 
$
36.59

 
$
33.42

Close
$
41.47

 
$
45.89

 
$
37.13

 
$
37.98

 
(1)
We recorded the following significant transactions during the fourth quarter of 2015: (i) restructuring charges of $13.3 million; (ii) non-cash asset impairment charges of $23.6 million; (iii) loss on disposals of properties, plants, equipment, net of $2.3 million; and (iv) loss on disposal of businesses, net of $0.7 million. Refer to Form 10-Q filings, as previously filed 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 16, 2016, there were 303 stockholders of record of the Class A Common Stock and 84 stockholders of record of the Class B Common Stock.