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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2022
Apr. 30, 2021
Net sales $ 1,667.3 $ 1,340.6 $ 3,231.6 $ 2,487.1
Cost of products sold 1,328.6 1,074.7 2,603.2 2,009.0
Gross profit 338.7 265.9 628.4 478.1
Selling, general and administrative expenses 147.4 146.8 299.0 281.1
Restructuring charges 3.7 12.0 7.2 15.1
Timberland gains 0.0 (95.7) 0.0 (95.7)
Integration related costs 2.0 1.8 3.6 3.8
Non-cash asset impairment charges 0.0 0.2 62.4 1.5
(Gain) loss on disposal of properties, plants and equipment, net (0.3) 0.1 (1.7) 1.7
(Gain) loss on disposal of businesses, net   0.1 (4.2) 0.0
Operating profit 190.1 200.6 262.1 270.6
Interest expense, net 13.2 26.7 30.3 51.9
Debt extinguishment charges 25.4 0.0 25.4 0.0
Non-cash pension settlement charges 0.0 0.1 0.0 8.6
Other (income) expense, net (4.4) 2.8 (2.4) 2.8
Income before income tax expense and equity earnings of unconsolidated affiliates, net 155.9 171.0 208.8 207.3
Income tax expense 29.9 17.3 65.5 23.4
Equity earnings of unconsolidated affiliates, net of tax (0.7) (0.3) (2.0) (1.0)
Net income 126.7 154.0 145.3 184.9
Net income attributable to noncontrolling interests (1.6) (4.2) (9.9) (11.7)
Net income attributable to Greif, Inc. $ 125.1 $ 149.8 $ 135.4 $ 173.2
Class A Common Stock        
Basic earnings per share attributable to Greif, Inc. common shareholders:        
Basic earnings per share attributable to Greif, Inc. common shareholders (in usd per share) $ 2.11 $ 2.51 $ 2.28 $ 2.91
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Diluted earnings per share attributable to Greif, Inc. common shareholders (in usd per share) $ 2.09 $ 2.51 $ 2.27 $ 2.91
Weighted-average number of common shares outstanding:        
Basic (in shares) 26,618,116 26,544,197 26,596,024 26,500,134
Diluted (in shares) 26,813,014 26,664,247 26,776,546 26,602,750
Cash dividends declared per common share:        
Cash dividends declared per common share (in usd per share) $ 0.46 $ 0.44 $ 0.92 $ 0.88
Class B Common Stock        
Basic earnings per share attributable to Greif, Inc. common shareholders:        
Basic earnings per share attributable to Greif, Inc. common shareholders (in usd per share) 3.15 3.77 3.40 4.36
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Diluted earnings per share attributable to Greif, Inc. common shareholders (in usd per share) $ 3.15 $ 3.77 $ 3.40 $ 4.36
Weighted-average number of common shares outstanding:        
Basic (in shares) 22,007,725 22,007,725 22,007,725 22,007,725
Diluted (in shares) 22,007,725 22,007,725 22,007,725 22,007,725
Cash dividends declared per common share:        
Cash dividends declared per common share (in usd per share) $ 0.69 $ 0.66 $ 1.37 $ 1.31