XML 18 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Apr. 30, 2017
Apr. 30, 2016
Apr. 30, 2017
Apr. 30, 2016
Net sales $ 887.4 $ 839.6 $ 1,708.3 $ 1,611.0
Cost of products sold 705.5 665.9 1,363.1 1,286.0
Gross profit 181.9 173.7 345.2 325.0
Selling, general and administrative expenses 97.0 94.5 193.6 187.7
Restructuring charges 5.1 5.4 4.8 7.7
Non-cash asset impairment charges 2.0 1.7 3.9 40.8
Pension settlement charge 1.1 0.0 24.6 0.0
Gain on disposal of properties, plants and equipment, net (1.8) (7.9) (2.8) (8.8)
Gain on disposal of businesses, net (1.9) (2.8) (1.4) (2.8)
Operating profit 80.4 82.8 122.5 100.4
Interest expense, net 14.3 19.9 33.0 38.4
Other expense, net 3.2 1.7 6.8 4.7
Income before income tax expense and equity earnings of unconsolidated affiliates, net 62.9 61.2 82.7 57.3
Income tax expense 23.0 28.7 34.8 34.7
Net income 39.9 32.5 47.9 22.6
Net income attributable to noncontrolling interests (3.9) (1.1) (6.5) (2.3)
Net income attributable to Greif, Inc. $ 36.0 $ 31.4 $ 41.4 $ 20.3
Class A Common Stock        
Basic earnings per share attributable to Greif, Inc. common shareholders:        
Basic earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 0.61 $ 0.53 $ 0.71 $ 0.35
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Diluted earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 0.61 $ 0.53 $ 0.71 $ 0.35
Weighted-average number of common shares outstanding:        
Weighted-average number of common shares outstanding, basic (shares) 25,824,194 25,761,733 25,805,981 25,729,623
Weighted-average number of common shares outstanding, diluted (shares) 25,828,882 25,766,609 25,810,660 25,733,924
Cash dividends declared per common share:        
Cash dividends declared per common share (usd per share) $ 0.42 $ 0.42 $ 0.84 $ 0.84
Class B Common Stock        
Basic earnings per share attributable to Greif, Inc. common shareholders:        
Basic earnings per share attributable to Greif, Inc. common shareholders (usd per share) 0.92 0.80 1.05 0.51
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Diluted earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 0.92 $ 0.80 $ 1.05 $ 0.51
Weighted-average number of common shares outstanding:        
Weighted-average number of common shares outstanding, basic (shares) 22,000,000 22,100,000 22,000,000 22,100,000
Weighted-average number of common shares outstanding, diluted (shares) 22,000,000 22,100,000 22,000,000 22,100,000
Cash dividends declared per common share:        
Cash dividends declared per common share (usd per share) $ 0.63 $ 0.63 $ 1.25 $ 1.25