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Quarterly Financial Data (Unaudited)
12 Months Ended
Oct. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (UNAUDITED)
The quarterly results of operations for 2018 and 2017 are shown below: 
 
2018
(in millions, except per share amounts)
January 31,
 
April 30,
 
July 31,
 
October 31,
Net sales
$
905.7

 
$
968.3

 
$
1,012.1

 
$
987.7

Gross profit
$
171.7

 
$
195.3

 
$
217.1

 
$
204.8

Net income(1)
$
60.1

 
$
51.9

 
$
72.0

 
$
45.5

Net income attributable to Greif, Inc.(1)
$
56.5

 
$
45.1

 
$
67.7

 
$
40.1

Earnings per share
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Class A Common Stock
$
0.96

 
$
0.77

 
$
1.15

 
$
0.68

Class B Common Stock
$
1.44

 
$
1.14

 
$
1.72

 
$
1.03

Diluted:
 
 
 
 
 
 
 
Class A Common Stock
$
0.96

 
$
0.77

 
$
1.15

 
$
0.67

Class B Common Stock
$
1.44

 
$
1.14

 
$
1.72

 
$
1.03

Earnings per share were calculated using the following number of shares:
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Class A Common Stock
25,845,758

 
25,934,680

 
25,941,279

 
25,941,279

Class B Common Stock
22,007,725

 
22,007,725

 
22,007,725

 
22,007,725

Diluted:
 
 
 
 
 
 
 
Class A Common Stock
25,845,758

 
25,934,680

 
25,941,279

 
26,139,524

Class B Common Stock
22,007,725

 
22,007,725

 
22,007,725

 
22,007,725

Market price (Class A Common Stock):
 
 
 
 
 
 
 
High
$
62.94

 
$
59.09

 
$
60.89

 
$
58.82

Low
$
49.68

 
$
48.80

 
$
51.71

 
$
44.72

Close
$
57.76

 
$
57.63

 
$
54.03

 
$
47.30

Market price (Class B Common Stock):
 
 
 
 
 
 
 
High
$
68.71

 
$
63.52

 
$
64.02

 
$
63.50

Low
$
55.90

 
$
52.07

 
$
56.01

 
$
48.35

Close
$
61.60

 
$
61.56

 
$
57.20

 
$
51.36

(1) The Company recorded the following significant transactions during the fourth quarter of 2018: (i) restructuring charges of $4.8 million; (ii) non-cash asset impairment charges of $4.2 million; (iii) pension settlement charges of $0.9 million; (iv) loss on disposals of properties, plants, equipment, net of $1.9 million; and (v) gain on disposals of businesses, net of $(0.9) million. Refer to the Company's Form 10-Q filings with the SEC for prior quarter significant transactions or trends.
 
2017
(in millions, except per share amounts)
January 31
 
April 30
 
July 31
 
October 31
Net sales
$
820.9

 
$
887.4

 
$
961.8

 
$
968.1

Gross profit
$
163.3

 
$
181.9

 
$
187.1

 
$
182.4

Net income(1)
$
8.0

 
$
39.9

 
$
47.5

 
$
39.7

Net income attributable to Greif, Inc.(1)
$
5.4

 
$
36.0

 
$
43.9

 
$
33.3

Earnings per share
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Class A Common Stock
$
0.10

 
$
0.61

 
$
0.74

 
$
0.57

Class B Common Stock
$
0.13

 
$
0.92

 
$
1.12

 
$
0.85

Diluted:
 
 
 
 
 
 
 
Class A Common Stock
$
0.10

 
$
0.61

 
$
0.74

 
$
0.57

Class B Common Stock
$
0.13

 
$
0.92

 
$
1.12

 
$
0.85

Earnings per share were calculated using the following number of shares:
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Class A Common Stock
25,787,769

 
25,824,194

 
25,834,636

 
25,835,281

Class B Common Stock
22,009,725

 
22,009,725

 
22,009,596

 
22,007,725

Diluted:
 
 
 
 
 
 
 
Class A Common Stock
25,792,441

 
25,828,882

 
25,835,294

 
25,835,281

Class B Common Stock
22,009,725

 
22,009,725

 
22,009,596

 
22,007,725

Market price (Class A Common Stock):
 
 
 
 
 
 
 
High
$
57.72

 
$
58.95

 
$
60.32

 
$
60.01

Low
$
44.22

 
$
51.70

 
$
53.55

 
$
55.00

Close
$
56.28

 
$
57.75

 
$
55.68

 
$
55.53

Market price (Class B Common Stock):
 
 
 
 
 
 
 
High
$
70.20

 
$
71.31

 
$
66.60

 
$
65.25

Low
$
55.05

 
$
56.93

 
$
54.81

 
$
57.58

Close
$
68.94

 
$
65.92

 
$
59.26

 
$
62.85

(1)The Company recorded the following significant transactions during the fourth quarter of 2017: (i) restructuring charges of $4.0 million; (ii) non-cash asset impairment charges of $14.9 million; (iii) pension settlement charges of $1.5 million; (iv) loss on disposals of properties, plants, equipment, net of $3.5 million; and (v) loss on disposal of businesses, net of $3.9 million. Refer to the Company's Form 10-Q filings 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 17, 2018, there were 322 stockholders of record of the Class A Common Stock and 79 stockholders of record of the Class B Common Stock.