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BUSINESS SEGMENTS (Tables)
 6 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Schedule of Reportable Segments from Continuing Operations
Information on Griffon’s reportable segments is as follows:
 For the Three Months Ended March 31,For the Six Months Ended March 31,
REVENUE2024202320242023
Home and Building Products$392,062 $396,659 $787,853 $793,232 
Consumer and Professional Products280,818 314,325 528,180 567,136 
Total revenue$672,880 $710,984 $1,316,033 $1,360,368 
The following table provides a reconciliation of segment and adjusted EBITDA to income (loss) before taxes:
 For the Three Months Ended March 31,For the Six Months Ended March 31,
 2024202320242023
Segment adjusted EBITDA:    
Home and Building Products$128,924 $131,871 $253,643 $256,016 
Consumer and Professional Products20,121 19,635 25,660 17,826 
Segment adjusted EBITDA149,045 151,506 279,303 273,842 
Unallocated amounts, excluding depreciation *(14,814)(14,630)(28,721)(28,406)
Adjusted EBITDA134,231 136,876 250,582 245,436 
Net interest expense(25,512)(24,643)(50,387)(49,187)
Depreciation and amortization(15,080)(17,254)(29,903)(34,367)
Restructuring charges(2,401)(78,334)(14,801)(78,334)
Gain on sale of building11 — 558 10,852 
Strategic review - retention and other(2,676)(6,190)(7,334)(14,422)
Proxy expenses— (614)— (2,117)
Intangible asset impairment— (100,000)— (100,000)
Income (loss) before taxes $88,573 $(90,159)$148,715 $(22,139)
* Unallocated amounts typically include general corporate expenses not attributable to a reportable segment.
For the Three Months Ended March 31,For the Six Months Ended March 31,
DEPRECIATION and AMORTIZATION2024202320242023
Segment:    
Home and Building Products$3,772 $3,811 $7,405 $7,657 
Consumer and Professional Products11,171 13,303 22,228 26,430 
Total segment depreciation and amortization14,943 17,114 29,633 34,087 
Corporate137 140 270 280 
Total consolidated depreciation and amortization$15,080 $17,254 $29,903 $34,367 
For the Three Months Ended March 31,For the Six Months Ended March 31,
2024202320242023
CAPITAL EXPENDITURES    
Segment:    
Home and Building Products$12,525 $3,605 $23,033 $5,673 
Consumer and Professional Products6,368 3,474 10,117 6,132 
Total segment18,893 7,079 33,150 11,805 
Corporate66 32 139 32 
Total consolidated capital expenditures$18,959 $7,111 $33,289 $11,837 
ASSETS At March 31, 2024At September 30, 2023
Segment assets:  
Home and Building Products$706,622 $703,661 
Consumer and Professional Products(1)
1,579,941 1,579,588 
Total segment assets2,286,563 2,283,249 
Corporate132,083 130,339 
Total assets2,418,646 2,413,588 
Discontinued operations5,084 5,291 
Consolidated total$2,423,730 $2,418,879 
___________________
(1) In connection with the expansion of CPP's global sourcing strategy, certain owned manufacturing locations which ceased operations have met the criteria to be classified as held for sale as of March 31, 2024. The net book value of these properties as of March 31, 2024 totaled $24,172.
Schedule of Disaggregation of Revenue by End Market and Segment The following table presents revenue disaggregated by end market and segment:
Three Months Ended March 31,Six Months Ended March 31,
2024202320242023
Residential repair and remodel$188,529 $185,149 $375,070 $375,879 
Commercial 170,740 176,243 347,733 345,757 
Residential new construction32,793 35,267 65,050 71,596 
Total Home and Building Products392,062 396,659 787,853 793,232 
Residential repair and remodel97,044 103,403 173,108 185,109 
Retail73,511 97,903 142,789 166,400 
Residential new construction13,676 11,698 27,681 24,185 
Industrial16,372 19,083 31,149 36,176 
International excluding North America80,215 82,238 153,453 155,266 
Total Consumer and Professional Products280,818 314,325 528,180 567,136 
Total Consolidated Revenue$672,880 $710,984 $1,316,033 $1,360,368 
The following table presents revenue disaggregated by geography based on the location of the Company's customer:
For the Three Months Ended March 31,
20242023
HBPCPPTotalHBPCPPTotal
United States$375,326 $183,142 $558,468 $378,341 $212,385 $590,726 
Europe1 18,353 18,354 — 19,070 19,070 
Canada14,413 16,363 30,776 15,406 21,570 36,976 
Australia— 57,030 57,030 — 56,585 56,585 
All other countries2,322 5,930 8,252 2,912 4,715 7,627 
Consolidated revenue$392,062 $280,818 $672,880 $396,659 $314,325 $710,984 
For the Six Months Ended March 31,
20242023
HBPCPPTotalHBPCPPTotal
United States$754,954 $334,314 $1,089,268 $757,641 $366,052 $1,123,693 
Europe109 23,598 23,707 16 23,766 23,782 
Canada29,181 37,391 66,572 30,761 44,686 75,447 
Australia— 121,901 121,901 — 122,802 122,802 
All other countries3,609 10,976 14,585 4,814 9,830 14,644 
Consolidated revenue$787,853 $528,180 $1,316,033 $793,232 $567,136 $1,360,368