Griffon Has First Quarter Gains

Griffon Corporation had first quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) of $108.6 million, compared to $59.2 million from the year-ago period, an increase of 83 per cent. Gross sales for the first quarter were $649.4 million, versus $591.7 million year-over-year, a 10 per cent increase. Home and building products (HBP) revenue in the first quarter was $396.6 million, up 29 per cent compared to $308.6 million from the prior-year period. The growth was driven by both the residential and commercial sectors.