Griffon Fourth Quarter Revenue Up Three Per Cent

Griffon Corporation had revenue of $570 million for the fourth quarter of fiscal 2021, an increase of three per cent over revenue of $551 million for the fourth quarter of fiscal 2020. Fourth quarter net income was $15.9 million compared to $20.1 million in the year-ago period and income from continuing operations was $12.6 million compared to $20.9 million. The company had adjusted earnings before taxes of $53 million, up five per cent over earnings of $51 million in the prior-year quarter. The consumer and professional products segment revenue increased eight per cent year-over-year and the home and building products segment had an increase of 12 per cent.