Griffon Has Steady Quarter

Griffon Corporation had consolidated revenue of $646.8 million for the third quarter of its fiscal 2021 year, a two per cent increase compared to prior-year quarter revenue of $632.1 million. Net income for the quarter totaled $16.7 million compared to $21.8 million in the prior-year quarter. The consumer and professional products segment revenue increased one per cent year-over-year to $324 million, partially due to reduced volume from shipping delays. The home and building products segment had revenue of $259.4 million for the quarter, an increase of 18 per cent from the prior-year quarter, driven by increased volume of five per cent, and favourable mix and pricing of 13 per cent.