Griffon Corp (GFF) Tops Q2 EPS by 3c
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May 2, 2019 4:05 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, 2019.
Consolidated revenue was $549.6 million, an increase of 15% from the
prior year quarter. Home & Building Products (HBP) increased 20%,
while Defense Electronics ("Telephonics") revenue decreased 9%, compared
to the prior year quarter.
Income from continuing operations was $6.5 million, or $0.15 per share,
compared to $2.0 million, or $0.05 per share, in the prior year quarter.
The current year quarter results included discrete tax benefits, net, of
$0.1 million. The prior year quarter results included acquisition costs
of $0.8 million... More
