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BUSINESS SEGMENTS
 3 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
BUSINESS SEGMENTS BUSINESS SEGMENTS
Griffon reports its operations through two reportable segments, as follows:

•Consumer and Professional Products (“CPP”) is a leading North American manufacturer and a global provider of branded consumer and professional tools; residential, industrial and commercial fans; home storage and organization products; and products that enhance indoor and outdoor lifestyles. CPP sells products globally through a portfolio of leading brands including AMES, since 1774, Hunter, since 1886, True Temper, and ClosetMaid.

•Home and Building Products ("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 Cornell and Cookson brands.

Information on Griffon’s reportable segments from continuing operations is as follows:
 For the Three Months Ended December 31,
REVENUE20222021
Consumer and Professional Products$252,811 $283,173 
Home and Building Products396,573 308,576 
Total revenue$649,384 $591,749 

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,
20222021
Residential repair and remodel$81,706 $38,759 
Retail68,497 130,235 
Residential new construction12,487 10,327 
Industrial17,093 11,306 
International excluding North America73,028 92,546 
Total Consumer and Professional Products252,811 283,173 
Residential repair and remodel190,730 145,085 
Commercial construction169,514 130,789 
Residential new construction36,329 32,702 
Total Home and Building Products396,573 308,576 
Total Consolidated Revenue$649,384 $591,749 
The following table presents revenue disaggregated by geography based on the location of the Company's customer:
For the Three Months Ended December 31,
20222021
CPPHBPTotalCPPHBPTotal
United States$153,667 $379,300 $532,967 $164,899 $294,576 $459,475 
Europe4,696 16 4,712 18,330 37 18,367 
Canada23,116 15,355 38,471 22,628 12,013 34,641 
Australia66,217 — 66,217 74,349 — 74,349 
All other countries5,115 1,902 7,017 2,967 1,950 4,917 
Consolidated revenue$252,811 $396,573 $649,384 $283,173 $308,576 $591,749 
Griffon evaluates performance and allocates resources based on each segment's operating results before interest income and expense, income taxes, depreciation and amortization, unallocated amounts (mainly corporate overhead), restructuring charges, loss from debt extinguishment and acquisition related expenses, as well as other items that may affect comparability, as applicable (“Segment adjusted EBITDA”). Griffon believes this information is useful to investors for the same reason. The following table provides a reconciliation of Segment adjusted EBITDA to Income before taxes from continuing operations:
 For the Three Months Ended December 31,
 20222021
Segment adjusted EBITDA:  
Consumer and Professional Products$(1,809)$16,214 
Home and Building Products124,145 56,297 
Segment adjusted EBITDA122,336 72,511 
Unallocated amounts, excluding depreciation *(13,776)(13,263)
Adjusted EBITDA108,560 59,248 
Net interest expense(24,544)(15,648)
Depreciation and amortization(17,113)(13,081)
Gain on sale of building10,852 — 
Strategic review - retention and other(8,232)— 
Proxy expenses(1,503)(2,291)
Acquisition costs— (2,595)
Restructuring charges— (1,716)
Income before taxes from continuing operations$68,020 $23,917 
* Unallocated amounts typically include general corporate expenses not attributable to a reportable segment.
For the Three Months Ended December 31,
DEPRECIATION and AMORTIZATION20222021
Segment:  
Consumer and Professional Products$13,127 $8,606 
Home and Building Products3,846 4,338 
Total segment depreciation and amortization16,973 12,944 
Corporate140 137 
Total consolidated depreciation and amortization$17,113 $13,081 
CAPITAL EXPENDITURES  
Segment:  
Consumer and Professional Products$2,658 $7,130 
Home and Building Products2,068 3,349 
Total segment4,726 10,479 
Corporate— 94 
Total consolidated capital expenditures$4,726 $10,573 
ASSETSAt December 31, 2022At September 30, 2022
Segment assets:  
Consumer and Professional Products$1,908,749 $1,914,529 
Home and Building Products707,309 737,860 
Total segment assets2,616,058 2,652,389 
Corporate155,487 158,310 
Total continuing assets2,771,545 2,810,699 
Discontinued operations5,693 5,775 
Consolidated total$2,777,238 $2,816,474