Griffon Corp. (GFF) reported net income for the first quarter of $0.6 million or $0.01 per share, compared to $2.5 million or $0.04 per share for the year-ago quarter.
Excluding items, adjusted net income for the first quarter was $2.6 million or $0.05 per share, compared to $3.8 million, or $0.07 per share in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to earn $0.01 per share for the first quarter. Analysts' estimates typically exclude special items.
First quarter revenue fell 6% year-over-year to $424 million.
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