Griffon Corp (GFF) Misses Q2 EPS by 3c
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Griffon Corporation Announces Second Quarter Results
April 30, 2015 4:02 PM EDTNEW YORK--(BUSINESS WIRE)-- Griffon Corporation (Griffon or the Company) (NYSE: GFF) today reported results for the fiscal second quarter ended March 31, 2015.
Revenue totaled $500.0 million, decreasing 2% from the prior year quarter; excluding the impact of foreign currency, revenue increased 2%, primarily due to the contribution from acquisitions. Home & Building Products (HBP) revenue increased 5% over the prior year quarter, while Clopay Plastics (Plastics) and Telephonics revenue decreased 9% and 5%, respectively.
Segment adjusted EBITDA totaled $44.7 million, decreasing 3% from the prior year quarter; excluding the impact of foreign currency, segment adjusted EBITDA increased 3%, primarily due to the contribution from... More
