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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Oct. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Results of Operations
The quarterly results of operations for 2019 and 2018 are shown below: 
 
2019
(in millions, except per share amounts)
January 31,
 
April 30,
 
July 31,
 
October 31,
Net sales
$
897.0

 
$
1,213.3

 
$
1,252.6

 
$
1,232.1

Gross profit
$
172.8

 
$
248.7

 
$
279.4

 
$
259.0

Net income(1)
$
35.8

 
$
21.1

 
$
67.5

 
$
69.8

Net income attributable to Greif, Inc.(1)
$
29.7

 
$
13.6

 
$
62.7

 
$
65.0

Earnings per share
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Class A Common Stock
$
0.51

 
$
0.23

 
$
1.06

 
$
1.09

Class B Common Stock
$
0.75

 
$
0.34

 
$
1.59

 
$
1.65

Diluted:
 
 
 
 
 
 
 
Class A Common Stock
$
0.51

 
$
0.23

 
$
1.06

 
$
1.09

Class B Common Stock
$
0.75

 
$
0.34

 
$
1.59

 
$
1.65

Earnings per share were calculated using the following number of shares:
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Class A Common Stock
25,991,433

 
26,250,460

 
26,257,943

 
26,257,943

Class B Common Stock
22,007,725

 
22,007,725

 
22,007,725

 
22,007,725

Diluted:
 
 
 
 
 
 
 
Class A Common Stock
25,991,433

 
26,255,112

 
26,257,943

 
26,360,148

Class B Common Stock
22,007,725

 
22,007,725

 
22,007,725

 
22,007,725

Market price (Class A Common Stock):
 
 
 
 
 
 
 
High
$
49.28

 
$
41.49

 
$
39.15

 
$
40.59

Low
$
31.22

 
$
37.10

 
$
30.74

 
$
30.05

Close
$
37.67

 
$
38.59

 
$
34.57

 
$
39.17

Market price (Class B Common Stock):
 
 
 
 
 
 
 
High
$
50.55

 
$
48.57

 
$
47.69

 
$
48.76

Low
$
36.87

 
$
42.48

 
$
41.10

 
$
37.96

Close
$
43.18

 
$
47.23

 
$
42.39

 
$
47.03

(1) The Company recorded the following significant transactions during the fourth quarter of 2019: (i) acquisition-related costs of $7.5 million; (ii) restructuring charges of $5.8 million; (iii) non-cash asset impairment charges of $5.7 million; (v) gain on disposals of properties, plants, equipment, net of $(6.8) million; and (vi) loss on disposals of businesses, net of $0.7 million. See the Company's Form 10-Q filings with the SEC for prior quarter significant transactions or trends.
 
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. See the Company's Form 10-Q filings with the SEC for prior quarter significant transactions or trends.