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Stock impact report

Griffon Corporation Announces First Quarter Results

Griffon Corporation (GFF) 
Last griffon corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.griffon.com/investor-overview
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal first quarter ended December 31, 2019.Consolidated revenue of $548.4 million increased 7% compared to the prior year quarter revenue of $510.5 million.Net income totaled $10.6 million, or $0.24 per share, compared to $8.8 million, or $0.21 per share, in the prior year quarter. Current year results included restructuring charges of $6.4 million ($4.1 million, net of tax, or $0.09 per share) and discrete and certain other tax provisions, net, that affect comparability of approximately $0.8 million or $0.02 per share. Prior year quarter results included discrete and certain other tax provisions, net, that affect comparability of $0.5 million or $0.01 per share. Excluding these items, current year Adjusted income was $15.6 million, or $0.36 per share compared to $9.2 million, or $0.22 per share, in the prior year quarter, a 64% increase.Adjusted EBITDA was $55.2 Show less Read more
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