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Jun 30, 2020
Griffon Q3 2020 Earnings Report
Griffon's Q3 2020 earnings were announced, demonstrating revenue growth and improved profitability.
Key Takeaways
Griffon Corporation reported a strong third quarter with a 10% increase in consolidated revenue, reaching $632.1 million. Income from continuing operations rose to $21.8 million, or $0.50 per share, compared to $14.1 million, or $0.33 per share, in the prior year. Adjusted EBITDA increased by 31% to $69.5 million.
Consolidated revenue increased by 10% year-over-year, reaching $632.1 million.
Income from continuing operations was $21.8 million, or $0.50 per share, up from $14.1 million, or $0.33 per share, in the prior year.
Adjusted EBITDA increased by 31% to $69.5 million.
CPP revenue increased 20% driven by increased consumer demand for home improvement initiatives.
Griffon
Griffon
Forward Guidance
Griffon did not provide specific forward guidance in this earnings report.