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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Apr. 30, 2019
Apr. 30, 2018
Apr. 30, 2019
Apr. 30, 2018
Net sales $ 1,213.3 $ 968.3 $ 2,110.3 $ 1,874.0
Cost of products sold 964.6 773.0 1,688.8 1,507.0
Gross profit 248.7 195.3 421.5 367.0
Selling, general and administrative expenses 140.0 102.7 238.1 206.3
Restructuring charges 7.5 6.0 11.2 10.1
Acquisition-related costs 13.8 0.0 16.4 0.2
Non-cash asset impairment charges 0.0 0.4 2.1 3.3
Gain on disposal of properties, plants and equipment, net (4.9) (1.5) (5.8) (6.1)
Loss on disposal of businesses, net 1.7 0.0 1.7 0.0
Operating profit 90.6 87.7 157.8 153.2
Interest expense, net 33.9 13.0 45.6 26.3
Debt extinguishment charges 21.9 0.0 21.9 0.0
Other expense, net 2.3 2.5 2.1 10.2
Income before income tax expense and equity earnings of unconsolidated affiliates, net 32.5 72.2 88.2 116.7
Income tax expense (benefit) 11.5 21.1 31.5 5.5
Equity earnings of unconsolidated affiliates, net of tax (0.1) (0.8) (0.2) (0.8)
Net income 21.1 51.9 56.9 112.0
Net income attributable to noncontrolling interests (7.5) (6.8) (13.6) (10.4)
Net income attributable to Greif, Inc. $ 13.6 $ 45.1 $ 43.3 $ 101.6
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) $ 0.23 $ 0.77 $ 0.74 $ 1.73
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Diluted earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 0.23 $ 0.77 $ 0.74 $ 1.73
Weighted-average number of common shares outstanding:        
Weighted-average number of common shares outstanding, basic (shares) 26,250,460 25,934,680 26,120,946 25,890,495
Weighted-average number of common shares outstanding, diluted (shares) 26,255,112 25,934,680 26,122,080 25,890,495
Cash dividends declared per common share:        
Cash dividends declared per common share (usd per share) $ 0.44 $ 0.42 $ 0.88 $ 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) 0.34 1.14 1.09 2.58
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Diluted earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 0.34 $ 1.14 $ 1.09 $ 2.58
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) $ 0.66 $ 0.63 $ 1.31 $ 1.25