BUSINESS SEGMENTS (Tables)

3 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Summary of Reportable Segments from Continuing Operations

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

	For the Three Months Ended December 31,
REVENUE	2022		2021
Consumer and Professional Products	$	252,811	$	283,173
Home and Building Products	396,573		308,576
Total revenue	$	649,384	$	591,749

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

	For the Three Months Ended December 31,
	2022		2021
Segment adjusted EBITDA:
Consumer and Professional Products	$	(1,809)	$	16,214
Home and Building Products	124,145		56,297
Segment adjusted EBITDA	122,336		72,511
Unallocated amounts, excluding depreciation *	(13,776)		(13,263)
Adjusted EBITDA	108,560		59,248
Net interest expense	(24,544)		(15,648)
Depreciation and amortization	(17,113)		(13,081)
Gain on sale of building	10,852		—
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 AMORTIZATION	2022		2021
Segment:
Consumer and Professional Products	$	13,127	$	8,606
Home and Building Products	3,846		4,338
Total segment depreciation and amortization	16,973		12,944
Corporate	140		137
Total consolidated depreciation and amortization	$	17,113	$	13,081
CAPITAL EXPENDITURES
Segment:
Consumer and Professional Products	$	2,658	$	7,130
Home and Building Products	2,068		3,349
Total segment	4,726		10,479
Corporate	—		94
Total consolidated capital expenditures	$	4,726	$	10,573

ASSETS	At December 31, 2022		At September 30, 2022
Segment assets:
Consumer and Professional Products	$	1,908,749	$	1,914,529
Home and Building Products	707,309		737,860
Total segment assets	2,616,058		2,652,389
Corporate	155,487		158,310
Total continuing assets	2,771,545		2,810,699
Discontinued operations	5,693		5,775
Consolidated total	$	2,777,238	$	2,816,474

Summary of Disaggregation of Revenue by End Market and Segment

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

	For the Three Months Ended December 31,
	2022		2021
Residential repair and remodel	$	81,706	$	38,759
Retail	68,497		130,235
Residential new construction	12,487		10,327
Industrial	17,093		11,306
International excluding North America	73,028		92,546
Total Consumer and Professional Products	252,811		283,173
Residential repair and remodel	190,730		145,085
Commercial construction	169,514		130,789
Residential new construction	36,329		32,702
Total Home and Building Products	396,573		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,
	2022						2021
	CPP		HBP		Total		CPP		HBP		Total
United States	$	153,667	$	379,300	$	532,967	$	164,899	$	294,576	$	459,475
Europe	4,696		16		4,712		18,330		37		18,367
Canada	23,116		15,355		38,471		22,628		12,013		34,641
Australia	66,217		—		66,217		74,349		—		74,349
All other countries	5,115		1,902		7,017		2,967		1,950		4,917
Consolidated revenue	$	252,811	$	396,573	$	649,384	$	283,173	$	308,576	$	591,749