Revenue Update on Griffon Corporation(NYSE:GFF)

Griffon Corporation(NYSE:GFF) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $462.20M. Analysts estimated a revenue of $522.13M. Earnings per share were $0.26. Analysts had estimated an EPS of $0.26.

Griffon Corporation (GFF) shares turned negative on Fridays trading session with the shares closing down -0.01 points or -0.06% at a volume of 55,868. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.16. The peak price level was also seen at $17.16 while the days lowest was $16.87. Finally the shares closed at $17.03. The 52-week high of the shares is $19.24 while the 52-week low is $13.45. According to the latest information available, the market cap of the company is $784 M.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Louis J. Grabowsky (director) purchased 1,500 shares at $16.52 per share price.Also, On May 7, 2015, Robert F Mehmel (COO) purchased 35,000 shares at $15.85 per share price.On May 6, 2015, Ronald J Kramer (CEO) purchased 20,000 shares at $15.84 per share price, according to the Form-4 filing with the securities and exchange commission.

Griffon Corporation (Griffon) is a diversified management and holding company that conducts business through its wholly-owned subsidiaries. The Home & Building Products (HBP) segment of the Company consists of two companies Ames True Temper Inc. (ATT) and Clopay Building Products (CBP). ATT provides non-powered landscaping products for homeowners and professionals. CBP manufactures and sells residential commercial and industrial garage doors to professional installing dealers and major home center retail chains. Telephonics Corporation (Telephonics) designs develops and manufactures high-technology integrated information communication and sensor system solutions for military and commercial markets. Clopay Plastic Products Company (Plastics) develops and produces embossed laminated and printed specialty plastic films used in a variety of hygienic health-care and industrial applications.

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