NOTE 20 – QUARTERLY FINANCIAL DATA (UNAUDITED)

The quarterly results of operations for 2015 and 2014 are shown below (Dollars in millions, except per share amounts):


2015	January 31		April 30		July 31		October 31
Net sales	$	902.3	$	915.9	$	930.0	$	868.5
Gross profit	$	153.9	$	181.1	$	166.8	$	168.0
Net income⁽¹⁾	$	28.2	$	20.5	$	9.3	$	9.2
Net income attributable to Greif, Inc.⁽¹⁾	$	30.1	$	20.8	$	8.6	$	12.4
Earnings per share
Basic:
Class A Common Stock	$	0.52	$	0.35	$	0.15	$	0.21
Class B Common Stock	$	0.76	$	0.53	$	0.22	$	0.32
Diluted:
Class A Common Stock	$	0.52	$	0.35	$	0.15	$	0.21
Class B Common Stock	$	0.76	$	0.53	$	0.22	$	0.32
Earnings per share were calculated using the following number of shares:
Basic:
Class A Common Stock		25,607,886		25,678,393		25,692,973		25,693,564
Class B Common Stock		22,119,966		22,119,966		22,119,966		22,119,966
Diluted:
Class A Common Stock		25,617,814		25,688,653		25,698,547		25,701,264
Class B Common Stock		22,119,966		22,119,966		22,119,966		22,119,966
Market price (Class A Common Stock):
High	$	45.94	$	41.97	$	41.65	$	35.97
Low	$	36.43	$	34.52	$	29.43	$	27.13
Close	$	36.43	$	39.29	$	30.20	$	32.33
Market price (Class B Common Stock):
High	$	47.39	$	45.89	$	47.80	$	47.97
Low	$	41.47	$	40.40	$	36.59	$	33.42
Close	$	41.47	$	45.89	$	37.13	$	37.98

⁽¹⁾

We recorded the following significant transactions during the fourth quarter of 2015: (i) restructuring charges of $13.3 million, (ii) non-cash asset impairment charges of $23.6 million, (iii) loss on disposals of properties, plants, equipment, net of $2.3 million, and (iv) loss on disposals of businesses, net of $0.7 million. Refer to Form 10-Q filings, as previously filed with the SEC, for prior quarter significant transactions or trends.


2014	January 31		April 30		July 31		October 31
Net sales	$	1,001.5	$	1,065.5	$	1,124.0	$	1,048.1
Gross profit	$	186.1	$	204.3	$	217.7	$	202.9
Net income (loss) ⁽¹⁾	$	31.8	$	37.1	$	11.5	$	(35.5	)
Net income attributable to Greif, Inc.⁽¹⁾	$	30.7	$	38.4	$	13.7	$	8.7
Earnings per share
Basic:
Class A Common Stock	$	0.53	$	0.65	$	0.23	$	0.15
Class B Common Stock	$	0.78	$	0.98	$	0.35	$	0.22
Diluted:
Class A Common Stock	$	0.53	$	0.65	$	0.23	$	0.15
Class B Common Stock	$	0.78	$	0.98	$	0.35	$	0.22
Earnings per share were calculated using the following number of shares:
Basic:
Class A Common Stock		25,470,354		25,540,341		25,576,452		25,603,452
Class B Common Stock		22,119,966		22,119,966		22,119,966		22,119,966
Diluted:
Class A Common Stock		25,495,642		25,560,846		25,581,952		25,554,934
Class B Common Stock		22,119,966		22,119,966		22,119,966		22,119,966
Market price (Class A Common Stock):
High	$	56.47	$	54.98	$	56.53	$	50.85
Low	$	50.35	$	47.91	$	49.70	$	41.75
Close	$	50.63	$	54.19	$	50.18	$	44.06
Market price (Class B Common Stock):
High	$	60.00	$	59.20	$	61.09	$	55.00
Low	$	51.10	$	53.03	$	53.06	$	47.90
Close	$	55.51	$	58.81	$	53.62	$	50.20

⁽¹⁾

We recorded the following significant transactions during the fourth quarter of 2014: (i) restructuring charges of $5.6 million, (ii) non-cash asset impairment charges of $70.2 million, (iii) gain on disposals of properties, plants, equipment, net of $2.8 million, and (iv) gain on disposal of businesses, net of $21.2 million. Refer to Form 10-Q filings, as previously filed with the SEC, for prior quarter significant transactions or trends.

Shares of the Company’s Class A Common Stock and Class B Common Stock are listed on the New York Stock Exchange where the symbols are GEF and GEF.B, respectively.

As of December 16, 2015, there were 406 stockholders of record of the Class A Common Stock and 95 stockholders of record of the Class B Common Stock.