Griffon Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended September 30, 2023
November 15, 2023 at 08:02 am EST
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Griffon Corporation reported earnings results for the fourth quarter and full year ended September 30, 2023. For the fourth quarter, the company reported sales was USD 641.39 million compared to USD 708.94 million a year ago. Net income was USD 41.97 million compared to net loss of USD 416.83 million a year ago. Basic earnings per share from continuing operations was USD 0.83 compared to basic loss per share from continuing operations of USD 7.97 a year ago. Diluted earnings per share from continuing operations was USD 0.79 compared to diluted loss per share from continuing operations of USD 7.97 a year ago. Basic earnings per share was USD 0.83 compared to basic loss per share of USD 8 a year ago. Diluted earnings per share was USD 0.79 compared to diluted loss per share of USD 8 a year ago.
For the full year, sales was USD 2,685.18 million compared to USD 2,848.49 million a year ago. Net income was USD 77.62 million compared to net loss of USD 191.56 million a year ago. Basic earnings per share from continuing operations was USD 1.49 compared to basic loss per share from continuing operations of USD 5.57 a year ago. Diluted earnings per share from continuing operations was USD 1.42 compared to diluted loss per share from continuing operations of USD 5.57 a year ago. Basic earnings per share was USD 1.49 compared to basic loss per share of USD 3.71 a year ago. Diluted earnings per share was USD 1.42 compared to diluted loss per share of USD 3.71 a year ago.
Griffon Corporation is a diversified management and holding company. The Company owns and operates, and seeks to acquire, businesses in multiple industries and geographic markets. The Company's Home and Building Products (HBP) conducts its operations through Clopay Corporation (Clopay). Clopay is a manufacturer and marketer of garage doors and rolling steel doors in North America. Its residential and commercial sectional products are sold under brands including Clopay, Americas Favorite Garage Doors, Holmes Garage Door Company and IDEAL Door. The Companyâs Consumer and Professional Products (CPP) segment is a global provider of branded consumer and professional tools; residential, industrial and commercial fans; home storage and organization products; and products that enhance indoor and outdoor lifestyles. CPP sells products globally through a portfolio of brands including AMES, Hunter, True Temper, and ClosetMaid.
GRIFFON CORPORATION 
