BUSINESS SEGMENTS (Tables)

9 Months Ended

Jun. 30, 2021

Information on Griffon’s reportable segments is as follows:


	For the Three Months Ended June 30,				For the Nine Months Ended June 30,
REVENUE	2021		2020		2021		2020
Consumer and Professional Products	$	324,826	$	328,929	$	947,739	$	844,917
Home and Building Products	259,392		219,164		752,684		670,374
Defense Electronics	62,574		83,968		190,492		231,558
Total consolidated net sales	$	646,792	$	632,061	$	1,890,915	$	1,746,849

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


	For the Three Months Ended June 30,				For the Nine Months Ended June 30,
	2021		2020		2021		2020
Segment adjusted EBITDA:
Consumer and Professional Products	$	29,388	$	37,115	$	99,524	$	84,068
Home and Building Products	42,156		39,299		130,585		110,635
Defense Electronics	4,140		4,122		11,945		12,845
Segment adjusted EBITDA	75,684		80,536		242,054		207,548
Unallocated amounts, excluding depreciation *	(10,924)		(11,080)		(34,873)		(34,969)
Adjusted EBITDA	64,760		69,456		207,181		172,579
Net interest expense	(15,799)		(16,585)		(46,971)		(49,096)
Depreciation and amortization	(15,806)		(15,523)		(46,955)		(47,067)

Loss from debt extinguishment	—		(1,235)		—		(7,925)
Restructuring charges	(4,082)		(1,633)		(22,444)		(11,171)
Acquisition costs	—		—		—		(2,960)
Gain on sale of SEG business	—		—		5,291		—


Income before taxes	$	29,073	$	34,480	$	96,102	$	54,360

* Unallocated amounts typically include general corporate expenses not attributable to a reportable segment.


	For the Three Months Ended June 30,				For the Nine Months Ended June 30,
DEPRECIATION and AMORTIZATION	2021		2020		2021		2020
Segment:
Consumer and Professional Products	$	8,781	$	8,197	$	25,600	$	24,650
Home and Building Products	4,375		4,507		13,095		13,975
Defense Electronics	2,501		2,666		7,911		7,986
Total segment depreciation and amortization	15,657		15,370		46,606		46,611
Corporate	149		153		349		456
Total consolidated depreciation and amortization	$	15,806	$	15,523	$	46,955	$	47,067

CAPITAL EXPENDITURES
Segment:
Consumer and Professional Products	$	5,365	$	7,029	$	19,085	$	14,561
Home and Building Products	1,723		3,640		5,836		15,135
Defense Electronics	2,789		1,538		8,940		4,748
Total segment	9,877		12,207		33,861		34,444
Corporate	26		25		28		307
Total consolidated capital expenditures	$	9,903	$	12,232	$	33,889	$	34,751


ASSETS	At June 30, 2021		At September 30, 2020
Segment assets:
Consumer and Professional Products	$	1,375,959	$	1,255,127
Home and Building Products	627,704		606,785
Defense Electronics	280,195		329,128
Total segment assets	2,283,858		2,191,040
Corporate	260,503		248,902
Total continuing assets	2,544,361		2,439,942
Assets of discontinued operations	4,302		8,497
Consolidated total	$	2,548,663	$	2,448,439

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


	For the Three Months Ended June 30,				For the Nine Months Ended June 30,
	2021		2020		2021		2020
Residential repair and remodel	$	50,165	$	50,709	$	146,325	$	126,304
Retail	154,212		177,271		447,206		441,795
Residential new construction	12,147		14,487		40,202		44,344
Industrial	12,708		9,303		32,197		30,461
International excluding North America	95,594		77,159		281,809		202,013
Total Consumer and Professional Products	324,826		328,929		947,739		844,917
Residential repair and remodel	127,827		109,876		374,769		332,681
Commercial construction	102,754		84,521		293,444		262,708
Residential new construction	28,811		24,767		84,471		74,985
Total Home and Building Products	259,392		219,164		752,684		670,374
U.S. Government	45,275		54,802		127,644		151,126
International	15,141		24,779		53,533		68,333
Commercial	2,158		4,387		9,315		12,099
Total Defense Electronics	62,574		83,968		190,492		231,558
Total Consolidated Revenue	$	646,792	$	632,061	$	1,890,915	$	1,746,849

The following table presents revenue disaggregated by geography based on the location of the Company's customer:



	For the Three Months Ended June 30,
	2021								2020
	CPP		HBP		DE		Total		CPP		HBP		DE		Total
United States	$	206,809	$	246,268	$	37,192	$	490,269	$	232,544	$	209,222	$	56,294	$	498,060
Europe	43,767		31		6,908		50,706		29,267		81		8,636		37,984
Canada	20,547		10,724		1,719		32,990		18,231		7,729		3,012		28,972
Australia	51,437		—		207		51,644		47,614		—		1,012		48,626
All other countries	2,266		2,369		16,548		21,183		1,273		2,132		15,014		18,419
Consolidated revenue	$	324,826	$	259,392	$	62,574	$	646,792	$	328,929	$	219,164	$	83,968	$	632,061


	For the Nine Months Ended June 30,
	2021								2020
	CPP		HBP		DE		Total		CPP		HBP		DE		Total
United States	$	595,619	$	713,754	$	118,736	$	1,428,109	$	584,114	$	635,232	$	157,508	$	1,376,854
Europe	95,888		72		19,604		115,564		60,609		109		24,501		85,219
Canada	64,440		32,009		5,473		101,922		53,527		26,849		9,795		90,171
Australia	184,668		—		648		185,316		140,874		—		1,807		142,681
All other countries	7,124		6,849		46,031		60,004		5,793		8,184		37,947		51,924
Consolidated revenue	$	947,739	$	752,684	$	190,492	$	1,890,915	$	844,917	$	670,374	$	231,558	$	1,746,849