Griffon Corp (GFF) Misses Q2 EPS by 3c
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April 30, 2015 4:02 PM EDT
NEW YORK--(BUSINESS WIRE)--
Griffon Corporation (Griffon or the Company) (NYSE: GFF) today
reported results for the fiscal second quarter ended March 31, 2015.
Revenue totaled $500.0 million, decreasing 2% from the prior year
quarter; excluding the impact of foreign currency, revenue increased 2%,
primarily due to the contribution from acquisitions. Home & Building
Products (HBP) revenue increased 5% over the prior year quarter, while
Clopay Plastics (Plastics) and Telephonics revenue decreased 9% and
5%, respectively.
Segment adjusted EBITDA totaled $44.7 million, decreasing 3% from the
prior year quarter; excluding the impact of foreign currency, segment
adjusted EBITDA increased 3%, primarily due to the contribution from... More
