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Jun 30, 2021
Griffon Q3 2021 Earnings Report
Griffon's financial performance was reported for Q3 2021, with revenue increasing slightly but net income decreasing compared to the prior year quarter.
Key Takeaways
Griffon Corporation reported a 2% increase in consolidated revenue to $646.8 million for the third quarter of fiscal 2021. Net income decreased to $16.7 million, or $0.31 per share, compared to $21.8 million, or $0.50 per share, in the prior year quarter. Adjusted EBITDA decreased 7% to $64.8 million.
Consolidated revenue increased by 2% to $646.8 million.
Net income decreased to $16.7 million, or $0.31 per share.
Adjusted EBITDA decreased by 7% to $64.8 million.
Contract backlog for Defense Electronics was $375.0 million.
Griffon
Griffon
Griffon Revenue by Segment
Revenue by Segment
Home and Building Products Revenue
CapyFin.comConsumer and Professional Products Revenue
CapyFin.com Forward Guidance
Griffon expects strong demand and backlog to continue, driven by the Ames Strategic Initiative, price increases, and efficiency programs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income