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Article: Griffon Corporation Announces Fourth Quarter Operating Results and 2006 Fiscal Year Results.
- Article from:
- PR Newswire
- Article date:
- November 3, 2006
CopyrightCOPYRIGHT 2006 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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JERICHO, N.Y., Nov. 3 /PRNewswire-FirstCall/ -- Griffon Corporation today announced operating results for the fourth quarter and fiscal year ended September 30, 2006. Net sales for the fourth quarter increased to $482,834,000 up from $388,442,000 for the fourth quarter of fiscal 2005. Pretax income for the quarter was $29,494,000 compared to $35,358,000 for last year's record fourth quarter. Net income for the current quarter was $18,439,000 compared to $22,623,000 for the last quarter of 2005. Diluted earnings per share was $.60 for the fourth quarter of fiscal 2006 compared to $.71 in last year's fourth quarter.
The sales increase in the fourth quarter was ...