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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Apr. 30, 2024
Apr. 30, 2023
Net sales $ 1,371.0 $ 1,308.9 $ 2,576.8 $ 2,579.9
Cost of products sold 1,100.9 997.1 2,085.1 2,016.5
Gross profit 270.1 311.8 491.7 563.4
Selling, general and administrative expenses 167.2 137.2 313.0 276.6
Acquisition and integration related costs 11.5 4.6 14.1 12.1
Restructuring charges (6.8) 2.4 (1.1) 4.8
Non-cash asset impairment charges 0.4 1.3 1.7 1.8
Gain on disposal of properties, plants and equipment, net (0.3) (5.0) (3.0) (5.0)
Gain on disposal of businesses, net 0.0 (9.8) 0.0 (64.4)
Operating profit 98.1 181.1 167.0 337.5
Interest expense, net 30.2 23.4 54.4 46.2
Other (income) expense, net (0.4) 2.9 8.7 6.2
Income before income tax (benefit) expense and equity earnings of unconsolidated affiliates, net 68.3 154.8 103.9 285.1
Income tax (benefit) expense 17.0 39.1 (21.2) 76.8
Equity earnings of unconsolidated affiliates, net of tax (0.7) (0.3) (1.2) (0.8)
Net income 52.0 116.0 126.3 209.1
Net income attributable to noncontrolling interests (7.6) (4.8) (14.7) (8.0)
Net income attributable to Greif, Inc. $ 44.4 $ 111.2 $ 111.6 $ 201.1
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) $ 0.77 $ 1.91 $ 1.94 $ 3.46
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Diluted earnings per share attributable to Greif, Inc. common shareholders (in usd per share) $ 0.77 $ 1.90 $ 1.94 $ 3.44
Weighted-average number of common shares outstanding:        
Basic (in shares) 25,802,839 25,771,973 25,667,030 25,712,178
Diluted (in shares) 25,918,387 26,185,895 25,772,612 25,986,677
Cash dividends declared per common share:        
Cash dividends declared per common share (in usd per share) $ 0.52 $ 0.50 $ 1.04 $ 1.00
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) 1.15 2.88 2.90 5.19
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Diluted earnings per share attributable to Greif, Inc. common shareholders (in usd per share) $ 1.15 $ 2.88 $ 2.90 $ 5.19
Weighted-average number of common shares outstanding:        
Basic (in shares) 21,331,127 21,495,741 21,331,127 21,608,671
Diluted (in shares) 21,331,127 21,495,741 21,331,127 21,608,671
Cash dividends declared per common share:        
Cash dividends declared per common share (in usd per share) $ 0.78 $ 0.75 $ 1.55 $ 1.49