BUSINESS SEGMENTS (Tables)

3 Months Ended

Dec. 31, 2020

Information on Griffon’s reportable segments is as follows:


	For the Three Months Ended December 31,
REVENUE		2020		2019
Consumer and Professional Products		$	291,042	$	241,076
Home and Building Products		250,481		241,381
Defense Electronics		67,768		65,981
Total consolidated net sales		$	609,291	$	548,438

The following table provides a reconciliation of Segment adjusted EBITDA to Income before taxes:


	For the Three Months Ended December 31,
		2020		2019
Segment adjusted EBITDA:
Consumer and Professional Products		$	32,713	$	21,926
Home and Building Products		48,369		40,701
Defense Electronics		5,585		4,475
Segment adjusted EBITDA		86,667		67,102
Unallocated amounts, excluding depreciation *		(12,027)		(11,942)
Adjusted EBITDA		74,640		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 business		6,240		—


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 AMORTIZATION		2020		2019
Segment:
Consumer and Professional Products		$	8,199	$	8,231
Home and Building Products		4,341		4,800
Defense Electronics		2,676		2,644
Total segment depreciation and amortization		15,216		15,675
Corporate		50		150
Total consolidated depreciation and amortization		$	15,266	$	15,825

CAPITAL EXPENDITURES
Segment:
Consumer and Professional Products		$	6,907	$	3,732
Home and Building Products		2,115		7,939
Defense Electronics		2,904		1,289
Total segment		11,926		12,960
Corporate		—		212
Total consolidated capital expenditures		$	11,926	$	13,172


ASSETS	At December 31, 2020		At September 30, 2020
Segment assets:
Consumer and Professional Products	$	1,309,603	$	1,255,127
Home and Building Products	600,323		606,785
Defense Electronics	294,576		329,128
Total segment assets	2,204,502		2,191,040
Corporate	272,953		248,902
Total continuing assets	2,477,455		2,439,942
Assets of discontinued operations	6,988		8,497
Consolidated total	$	2,484,443	$	2,448,439

The following table presents revenue disaggregated by end market and segment:


	For the Three Months Ended December 31,
		2020		2019
Residential repair and remodel		$	45,600	$	35,090
Retail		139,248		119,620
Residential new construction		13,515		14,973
Industrial		9,531		10,623
International excluding North America		83,148		60,770
Total Consumer and Professional Products		291,042		241,076
Residential repair and remodel		126,115		121,997
Commercial construction		95,939		91,887
Residential new construction		28,427		27,497
Total Home and Building Products		250,481		241,381
U.S. Government		47,324		42,701
International		16,895		18,533
Commercial		3,549		4,747
Total Defense Electronics		67,768		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,
	2020								2019
	CPP		HBP		DE		Total		CPP		HBP		DE		Total
United States	$	183,442	$	236,531	$	47,378	$	467,351	$	160,158	$	226,950	$	46,143	$	433,251
Europe	13,156		—		6,905		20,061		6,605		23		5,985		12,613
Canada	22,115		11,488		1,829		35,432		17,781		11,253		2,574		31,608
Australia	69,540		—		319		69,859		54,228		—		606		54,834
All other countries	2,789		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