REPORTABLE SEGMENTS (Tables)

12 Months Ended

Sep. 30, 2022

Schedule of Segment Reporting Information, by Segment

Information on Griffon’s reportable segments from continuing operations is as follows:


	For the Years Ended September 30,
REVENUE	2022		2021		2020

Consumer and Professional Products	$	1,341,606	$	1,229,518	$	1,139,233
Home and Building Products	1,506,882		1,041,108		927,313



Total revenue	$	2,848,488	$	2,270,626	$	2,066,546

The following table provides a reconciliation of Segment Adjusted EBITDA to Income (loss) before taxes from continuing operations:


	For the Years Ended September 30,
	2022		2021		2020
Segment Adjusted EBITDA:
Consumer and Professional Products	$	99,308	$	115,673	$	104,053
Home and Building Products	412,738		181,015		153,631




Segment Adjusted EBITDA	512,046		296,688		257,684
Unallocated amounts, excluding depreciation	(53,888)		(50,278)		(49,487)
Adjusted EBITDA	458,158		246,410		208,197
Net interest expense	(84,164)		(62,735)		(65,795)
Depreciation and amortization	(64,658)		(52,302)		(52,100)
Goodwill and intangible impairments	(517,027)		—		—
Restructuring charges	(16,782)		(21,418)		(13,669)
Debt Extinguishment, net	(4,529)		—		(7,925)
Acquisition contingent consideration	—		—		1,733
Acquisition costs	(9,303)		—		(2,960)
Strategic review - retention and other	(9,683)		—		—
Special dividend ESOP charges	(10,538)		—		—
Proxy expenses	(6,952)		—		—
Fair value step-up of acquired inventory sold	(5,401)		—		—
Income (loss) before taxes from continuing operations	$	(270,879)	$	109,955	$	67,481

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis


	For the Years Ended September 30,
DEPRECIATION and AMORTIZATION	2022		2021		2020
Segment:
Consumer and Professional Products	$	47,562	$	34,433	$	32,788
Home and Building Products	16,539		17,370		18,361



Total segment depreciation and amortization	64,101		51,803		51,149
Corporate	557		499		951
Total consolidated depreciation and amortization	$	64,658	$	52,302	$	52,100

CAPITAL EXPENDITURES
Segment:
Consumer and Professional Products	$	31,279	$	28,265	$	23,321
Home and Building Products	11,029		8,648		17,499




Total segment	42,308		36,913		40,820
Corporate	180		38		348
Total consolidated capital expenditures	$	42,488	$	36,951	$	41,168


ASSETS	At September 30, 2022		At September 30, 2021
Segment assets:
Consumer and Professional Products	$	1,914,529	$	1,377,618
Home and Building Products	737,860		666,422


Total segment assets	2,652,389		2,044,040
Corporate	158,310		280,802
Total continuing assets	2,810,699		2,324,842
Discontinued operations - held for sale	—		275,814
Other discontinued operations	5,775		4,029
Consolidated total	$	2,816,474	$	2,604,685

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.


	For the Years Ended September 30,
	2022		2021		2020
Residential repair and remodel	$	392,490	$	185,896	$	173,859
Retail	456,735		577,839		575,947

Residential new construction	45,243		50,437		59,907
Industrial	76,430		43,411		40,285
International excluding North America	370,708		371,935		289,235
Total Consumer and Professional Products	1,341,606		1,229,518		1,139,233
Residential repair and remodel	736,525		516,995		467,112
Commercial construction	630,066		407,585		354,916
Residential new construction	140,291		116,528		105,285
Total Home and Building Products	1,506,882		1,041,108		927,313




Total Revenue	$	2,848,488	$	2,270,626	$	2,066,546

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


	For the Year Ended September 30, 2022
Revenue by Geographic Area - Destination	Consumer and Professional Products		Home and Building Products		Total
United States	$	858,956	$	1,437,085	$	2,296,041
Europe	106,471		60		106,531
Canada	92,930		57,916		150,846
Australia	258,945		—		258,945
All other countries	24,304		11,821		36,125
Total Revenue	$	1,341,606	$	1,506,882	$	2,848,488


	For the Year Ended September 30, 2021
Revenue by Geographic Area - Destination	Consumer and Professional Products	Home and Building Products	Total
United States	$766,150	$986,925	$1,753,075
Europe	123,607	72	123,679
Canada	85,676	44,661	130,337
Australia	244,674	—	244,674
All other countries	9,411	9,450	18,861
Total Revenue	$1,229,518	$1,041,108	$2,270,626


	For the Year Ended September 30, 2020
Revenue by Geographic Area - Destination	Consumer and Professional Products		Home and Building Products		Total
United States	$	769,100	$	877,115	$	1,646,215
Europe	85,339		130		85,469
Canada	74,072		38,662		112,734
Australia	203,012		—		203,012
All other countries	7,710		11,406		19,116
Total Revenue	$	1,139,233	$	927,313	$	2,066,546