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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Apr. 30, 2018
Apr. 30, 2017
Apr. 30, 2018
Apr. 30, 2017
Net sales $ 968,300,000 $ 887,400,000 $ 1,874,000,000 $ 1,708,300,000
Cost of products sold 773,000,000 705,500,000 1,507,000,000 1,363,100,000
Gross profit 195,300,000 181,900,000 367,000,000 345,200,000
Selling, general and administrative expenses 102,700,000 97,000,000 206,500,000 193,600,000
Restructuring charges 6,000,000 5,100,000 10,100,000 4,800,000
Non-cash asset impairment charges 400,000 2,000,000 3,300,000 3,900,000
Gain on disposal of properties, plants and equipment, net (1,500,000) (1,800,000) (6,100,000) (2,800,000)
Gain on disposal of businesses, net 0 (1,900,000) 0 (1,400,000)
Operating profit 87,700,000 81,500,000 153,200,000 147,100,000
Interest expense, net 13,000,000 14,300,000 26,300,000 33,000,000
Pension settlement charge 0 1,100,000 0 24,600,000
Other expense, net 2,500,000 3,200,000 10,200,000 6,800,000
Income before income tax expense and equity earnings of unconsolidated affiliates, net 72,200,000 62,900,000 116,700,000 82,700,000
Income tax expense 21,100,000 23,000,000 5,500,000 34,800,000
Equity earnings of unconsolidated affiliates, net of tax (800,000) 0 (800,000) 0
Net income 51,900,000 39,900,000 112,000,000 47,900,000
Net income attributable to noncontrolling interests (6,800,000) (3,900,000) (10,400,000) (6,500,000)
Net income attributable to Greif, Inc. $ 45,100,000 $ 36,000,000 $ 101,600,000 $ 41,400,000
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) $ 0.77 $ 0.61 $ 1.73 $ 0.71
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Diluted earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 0.77 $ 0.61 $ 1.73 $ 0.71
Weighted-average number of common shares outstanding:        
Weighted-average number of common shares outstanding, basic (shares) 25,934,680 25,824,194 25,890,495 25,805,981
Weighted-average number of common shares outstanding, diluted (shares) 25,934,680 25,828,882 25,890,495 25,810,660
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) 1.14 0.92 2.58 1.05
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Diluted earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 1.14 $ 0.92 $ 2.58 $ 1.05
Weighted-average number of common shares outstanding:        
Weighted-average number of common shares outstanding, basic (shares) 22,000,000 22,000,000 22,000,000 22,000,000
Weighted-average number of common shares outstanding, diluted (shares) 22,000,000 22,000,000 22,000,000 22,000,000
Cash dividends declared per common share:        
Cash dividends declared per common share (usd per share) $ 0.63 $ 0.63 $ 1.25 $ 1.25