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Article: Griffon Corporation Announces Operating Results For the First Quarter of Fiscal 2003.
- Article from:
- PR Newswire
- Article date:
- February 5, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Griffon Corporation today reported operating performance for the first quarter of fiscal 2003, ended December 31, 2002. Net sales for the quarter were $302,154,000 compared to $301,902,000 for the first quarter of fiscal 2002. Income before income taxes increased to $21,081,000 from $20,294,000. Net income was $10,920,000 in the current quarter; the comparable amount in the first quarter of 2002 (before the cumulative effect of an accounting change) was $10,582,000. Basic earnings per share for the quarter was $.33 compared to $.32 last year and diluted earnings per share for the quarter was $.32 compared to $.31 last year. Last year's net income and per share amounts ...