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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 (NYSE:GFF) (the “Company” or “Griffon”) today reported results for the first fiscal quarter ended December 31, 2017. Revenue was $437.3 million, an increase of 24% from the prior year quarter. Home & Building Products (“HBP”) revenue increased 40% and, as expected, Telephonics Corporation ("Telephonics") revenue decreased 25% compared to the prior year quarter. Income from continuing operations was $22.8 million, or $0.53 per share, compared to $7.0 million, or $0.17 per share, in the prior year quarter. Current quarter results included tax benefits, net, for certain tax items which affect comparability (see tax section below) of $23.0 million, or $0.53 per share, acquisition related costs of $3.2 million ($2.3 million net of tax, or $0.05 per share) and the cost of a life insurance benefit of $2.6 million ($0.2 million net of tax, or $0.01 per shar Show less Read more
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