Griffon Corp (GFF) Tops Q4 EPS by 2c
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November 16, 2016 4:14 PM EST
NEW YORK--(BUSINESS WIRE)--
Griffon Corporation (Griffon or the Company) (NYSE: GFF) today
reported results for the fourth quarter and fiscal year ended September
30, 2016.
Fourth quarter revenue of $501 million was consistent with the prior
year quarter. Telephonics Corporation ("Telephonics") revenue increased
2% over the prior year quarter, Home & Building Products (HBP) revenue
was consistent with the prior year quarter and Clopay Plastic Products
Company, Inc. (PPC) revenue decreased 4% compared with the prior year
quarter.
For the current quarter, Segment adjusted EBITDA totaled $60.1 million,
increasing 8% from the prior year quarter of $55.4 million. Segment
adjusted EBITDA is... More
