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BUSINESS SEGMENTS
3 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
BUSINESS SEGMENTS BUSINESS SEGMENTS
Griffon reports its operations through three reportable segments, as follows:

CPP conducts its operations through AMES. Founded in 1774, AMES is the leading North American manufacturer and a global provider of branded consumer and professional tools and products for home storage and organization, landscaping, and enhancing outdoor lifestyles. CPP sells products globally through a portfolio of leading brands including True Temper, AMES, and ClosetMaid.

HBP conducts its operations through Clopay. Founded in 1964, Clopay is the largest manufacturer and marketer of garage doors and rolling steel doors in North America.  Residential and commercial sectional garage doors are sold through professional dealers and leading home center retail chains throughout North America under the brands Clopay, Ideal, and Holmes. Rolling steel door and grille products designed for commercial, industrial, institutional, and retail use are sold under the CornellCookson brand.

DE conducts its operations through Telephonics, founded in 1933, a globally recognized leading provider of highly sophisticated intelligence, surveillance and communications solutions for defense, aerospace and commercial customers.

Information on Griffon’s reportable segments is as follows:
 For the Three Months Ended December 31,
REVENUE20202019
Consumer and Professional Products$291,042 $241,076 
Home and Building Products250,481 241,381 
Defense Electronics67,768 65,981 
Total consolidated net sales$609,291 $548,438 
Disaggregation of Revenue
Revenue from contracts with customers is disaggregated by end markets, segments and geographic location, as it more accurately depicts the nature and amount of the Company’s revenue. The following table presents revenue disaggregated by end market and segment:
For the Three Months Ended December 31,
20202019
Residential repair and remodel$45,600 $35,090 
Retail139,248 119,620 
Residential new construction13,515 14,973 
Industrial9,531 10,623 
International excluding North America83,148 60,770 
Total Consumer and Professional Products291,042 241,076 
Residential repair and remodel126,115 121,997 
Commercial construction95,939 91,887 
Residential new construction28,427 27,497 
Total Home and Building Products250,481 241,381 
U.S. Government47,324 42,701 
International16,895 18,533 
Commercial3,549 4,747 
Total Defense Electronics67,768 65,981 
Total Consolidated Revenue$609,291 $548,438 
The following table presents revenue disaggregated by geography based on the location of the Company's customer:
For the Three Months Ended December 31,
20202019
CPPHBPDETotalCPPHBPDETotal
United States$183,442 $236,531 $47,378 $467,351 $160,158 $226,950 $46,143 $433,251 
Europe13,156 — 6,905 20,061 6,605 23 5,985 12,613 
Canada22,115 11,488 1,829 35,432 17,781 11,253 2,574 31,608 
Australia69,540 — 319 69,859 54,228 — 606 54,834 
All other countries2,789 2,462 11,337 16,588 2,304 3,155 10,673 16,132 
Consolidated revenue$291,042 $250,481 $67,768 $609,291 $241,076 $241,381 $65,981 $548,438 
Griffon evaluates performance and allocates resources based on each segment's operating results before interest income and expense, income taxes, depreciation and amortization, unallocated amounts (mainly corporate overhead), restructuring charges, loss from debt extinguishment and acquisition related expenses, as well as other items that may affect comparability, as applicable (“Segment adjusted EBITDA”). Griffon believes this information is useful to investors for the same reason. The following table provides a reconciliation of Segment adjusted EBITDA to Income before taxes:
 For the Three Months Ended December 31,
 20202019
Segment adjusted EBITDA:  
Consumer and Professional Products$32,713 $21,926 
Home and Building Products48,369 40,701 
Defense Electronics5,585 4,475 
Segment adjusted EBITDA86,667 67,102 
Unallocated amounts, excluding depreciation *(12,027)(11,942)
Adjusted EBITDA74,640 55,160 
Net interest expense(15,645)(15,950)
Depreciation and amortization(15,266)(15,825)
Restructuring charges(10,800)(6,434)
Gain on sale of SEG business6,240 — 
Income before taxes $39,169 $16,951 
* Unallocated amounts typically include general corporate expenses not attributable to a reportable segment.
For the Three Months Ended December 31,
DEPRECIATION and AMORTIZATION20202019
Segment:  
Consumer and Professional Products$8,199 $8,231 
Home and Building Products4,341 4,800 
Defense Electronics2,676 2,644 
Total segment depreciation and amortization15,216 15,675 
Corporate50 150 
Total consolidated depreciation and amortization$15,266 $15,825 
CAPITAL EXPENDITURES  
Segment:  
Consumer and Professional Products$6,907 $3,732 
Home and Building Products2,115 7,939 
Defense Electronics2,904 1,289 
Total segment11,926 12,960 
Corporate— 212 
Total consolidated capital expenditures$11,926 $13,172 
ASSETSAt December 31, 2020At September 30, 2020
Segment assets:  
Consumer and Professional Products$1,309,603 $1,255,127 
Home and Building Products600,323 606,785 
Defense Electronics294,576 329,128 
Total segment assets2,204,502 2,191,040 
Corporate272,953 248,902 
Total continuing assets2,477,455 2,439,942 
Assets of discontinued operations6,988 8,497 
Consolidated total$2,484,443 $2,448,439