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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Oct. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations
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.