Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Share data, unless otherwise specified |
3 Months Ended | |
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Jan. 31, 2015
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Jan. 31, 2014
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Net sales | $ 902.3us-gaap_SalesRevenueNet | $ 1,001.5us-gaap_SalesRevenueNet |
Cost of products sold | 748.4us-gaap_CostOfGoodsAndServicesSold | 815.4us-gaap_CostOfGoodsAndServicesSold |
Gross profit | 153.9us-gaap_GrossProfit | 186.1us-gaap_GrossProfit |
Selling, general and administrative expenses | 111.8us-gaap_SellingGeneralAndAdministrativeExpense | 121.3us-gaap_SellingGeneralAndAdministrativeExpense |
Restructuring charges | 3.2us-gaap_RestructuringCharges | 2.4us-gaap_RestructuringCharges |
Timberland gains | (24.3)us-gaap_GainLossOnSaleOfTimberProperty | (8.4)us-gaap_GainLossOnSaleOfTimberProperty |
Non-cash asset impairment charges | 0.2us-gaap_ImpairmentOfLongLivedAssetsHeldForUse | 0.2us-gaap_ImpairmentOfLongLivedAssetsHeldForUse |
Gain on disposal of properties, plants and equipment, net | (1.6)us-gaap_GainLossOnSaleOfPropertyPlantEquipment | (2.6)us-gaap_GainLossOnSaleOfPropertyPlantEquipment |
(Gain) loss on disposal of businesses | (0.8)us-gaap_GainLossOnDispositionOfAssets1 | 1.8us-gaap_GainLossOnDispositionOfAssets1 |
Operating profit | 65.4us-gaap_OperatingIncomeLoss | 71.4us-gaap_OperatingIncomeLoss |
Interest expense, net | 19.6us-gaap_InterestIncomeExpenseNonoperatingNet | 20.4us-gaap_InterestIncomeExpenseNonoperatingNet |
Other expense, net | 0.1us-gaap_OtherNonoperatingIncomeExpense | 2.8us-gaap_OtherNonoperatingIncomeExpense |
Income before income tax expense and equity earnings of unconsolidated affiliates, net | 45.7us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 48.2us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments |
Income tax expense | 17.5us-gaap_IncomeTaxExpenseBenefit | 16.5us-gaap_IncomeTaxExpenseBenefit |
Equity earnings of unconsolidated affiliates, net of tax | 0us-gaap_IncomeLossFromEquityMethodInvestments | 0.1us-gaap_IncomeLossFromEquityMethodInvestments |
Net income | 28.2us-gaap_ProfitLoss | 31.8us-gaap_ProfitLoss |
Net (income) loss attributable to noncontrolling interests | 1.9us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | (1.1)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest |
Net income attributable to Greif, Inc. | $ 30.1us-gaap_NetIncomeLoss | $ 30.7us-gaap_NetIncomeLoss |
Class A Common Stock [Member] | ||
Basic earnings per share attributable to Greif, Inc. common shareholders: | ||
EPS Basic | $ 0.52us-gaap_EarningsPerShareBasic / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassAMember |
$ 0.53us-gaap_EarningsPerShareBasic / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassAMember |
Diluted earnings per share attributable to Greif, Inc. common shareholders: | ||
EPS Diluted | $ 0.52us-gaap_EarningsPerShareDiluted / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassAMember |
$ 0.53us-gaap_EarningsPerShareDiluted / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassAMember |
Weighted-average number of common shares outstanding: | ||
Basic | 25,607,886us-gaap_WeightedAverageNumberOfSharesOutstandingBasic / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassAMember |
25,470,354us-gaap_WeightedAverageNumberOfSharesOutstandingBasic / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassAMember |
Diluted | 25,617,814us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassAMember |
25,495,642us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassAMember |
Cash dividends declared per common share: | ||
Cash dividends per share | $ 0.42us-gaap_CommonStockDividendsPerShareDeclared / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassAMember |
$ 0.42us-gaap_CommonStockDividendsPerShareDeclared / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassAMember |
Class B Common Stock [Member] | ||
Basic earnings per share attributable to Greif, Inc. common shareholders: | ||
EPS Basic | $ 0.76us-gaap_EarningsPerShareBasic / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassBMember |
$ 0.78us-gaap_EarningsPerShareBasic / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassBMember |
Diluted earnings per share attributable to Greif, Inc. common shareholders: | ||
EPS Diluted | $ 0.76us-gaap_EarningsPerShareDiluted / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassBMember |
$ 0.78us-gaap_EarningsPerShareDiluted / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassBMember |
Weighted-average number of common shares outstanding: | ||
Basic | 22,100,000us-gaap_WeightedAverageNumberOfSharesOutstandingBasic / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassBMember |
22,100,000us-gaap_WeightedAverageNumberOfSharesOutstandingBasic / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassBMember |
Diluted | 22,100,000us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassBMember |
22,100,000us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassBMember |
Cash dividends declared per common share: | ||
Cash dividends per share | $ 0.62us-gaap_CommonStockDividendsPerShareDeclared / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassBMember |
$ 0.62us-gaap_CommonStockDividendsPerShareDeclared / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassBMember |
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Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of gain (loss) on sale or disposal of property used for growing and harvesting trees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The net amount of nonoperating interest income (expense). No definition available.
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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The net result for the period of deducting operating expenses from operating revenues. No definition available.
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The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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