Griffon Corp (GFF) Reports In-Line Q2 EPS
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Griffon Corporation Announces Second Quarter Results
May 4, 2017 4:18 PM EDTNEW YORK--(BUSINESS WIRE)-- Griffon Corporation (Griffon or the Company) (NYSE: GFF) today reported results for the second fiscal quarter ended March 31, 2017.
Revenue was $495.8 million, a decrease of 1% from the prior year quarter. Home & Building Products (HBP) revenue increased 2%, while Telephonics Corporation ("Telephonics") and Clopay Plastic Products Company ("PPC") decreased 7% and 3%, respectively, compared to the prior year quarter.
Segment adjusted EBITDA was $51.3 million, an increase of 6% from the prior year quarter. Segment adjusted EBITDA is defined as net income excluding interest income and expense, income taxes, depreciation and amortization and unallocated amounts (mainly corporate overhead),... More
