Griffon Has Strong Quarter

Griffon Corporation had consolidated revenue of $609.3 million for the first quarter of fiscal 2021, an increase of 11 per cent compared to revenue of $548.4 million in the first quarter of 2020. Net income was $29.5 million in the quarter compared to $10.6 million in the same period a year ago. Earnings before taxes were $74.6 million, up 35 per cent over earnings of $55.2 million in the previous year period. Revenue for the consumer and professional products segment were up 21 per cent to $291 million year-over-year and revenue for the home and building products segment were up four per cent to $250.5 million.