Griffon Corp (GFF) Tops Q3 EPS by 7c
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Griffon Corporation Announces Third Quarter Results
August 1, 2018 4:05 PM EDTNEW YORK--(BUSINESS WIRE)-- Griffon Corporation (NYSE: GFF) (the Company or Griffon) today reported results for the third fiscal quarter ended June 30, 2018.
Revenue was $516.6 million, an increase of 44% from the prior year quarter. Home & Building Products (HBP) revenue increased 59% and, as expected, Telephonics Corporation ("Telephonics") revenue decreased 6% compared to the prior year quarter.
Income from continuing operations was $7.4 million, or $0.18 per share, compared to $4.5 million, or $0.10 per share, in the prior year quarter. Current quarter results included acquisition related costs of $3.6 million ($2.3 million, net of tax, or $0.06 per share), special dividend ESOP charges of... More
