Griffon Corp (GFF) Tops Q1 EPS by 14c, Revenue Misses
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January 31, 2019 8:10 AM EST
NEW YORK--(BUSINESS WIRE)--
Griffon Corporation (NYSE: GFF) (the Company or Griffon) today
reported results for the first fiscal quarter ended December 31, 2018.
Consolidated revenue was $510.5 million, an increase of 17% from the
prior year quarter. Home & Building Products (HBP) and Defense
Electronics ("Telephonics") revenue increased 19% and 7%, respectively,
compared to the prior year quarter.
Income from continuing operations was $8.8 million, or $0.21 per share,
compared to $22.8 million, or $0.53 per share, in the prior year
quarter. The current year quarter results included discrete tax
provisions, net, of $0.5 million or $0.01 per share. The prior year
quarter results included acquisition costs of... More
