Griffon Corp (GFF) Tops Q2 EPS by 1c

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Go back to Griffon Corp (GFF) Tops Q2 EPS by 1c

Griffon Corporation Announces Second Quarter Results

May 3, 2018 4:07 PM EDT

NEW YORK--(BUSINESS WIRE)-- Griffon Corporation (NYSE: GFF) (the Company or Griffon) today reported results for the second fiscal quarter ended March 31, 2018.

Revenue was $478.6 million, an increase of 25% from the prior year quarter. Home & Building Products (HBP) revenue increased 39% and, as expected, Telephonics Corporation ("Telephonics") revenue decreased 16% compared to the prior year quarter.

Income from continuing operations was $2.0 million, or $0.05 per share, compared to $2.0 million, or $0.05 per share, in the prior year quarter. Current quarter results included acquisition related costs of $0.8 million ($0.4 million, net of tax, or $0.01 per share) and a provision,... More