GRIFFON CORPORATION
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.52B | $1.48B | $1.48B | $1.99B | $1.87B | $1.86B | $1.83B | $1.29B |
| Cost of Revenue | $1.12B | $1.08B | $1.09B | $1.53B | $1.45B | $1.44B | $1.44B | $1.01B |
| Gross Profit | $408.1M | $400.7M | $392.3M | $459.4M | $417.6M | $418.8M | $393.5M | $288.3M |
| Gross Margin | 26.8% | 27.1% | 26.5% | 23.1% | 22.3% | 22.5% | 21.5% | 22.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $341.1M | $318.4M | $325.4M | $375.1M | $340.5M | $341.7M | $330.4M | $261.4M |
| Operating Income | $67.0M | $82.3M | $66.9M | $78.2M | $63.9M | $72.4M | $55.5M | $22.7M |
| Operating Margin | 4.4% | 5.6% | 4.5% | 3.9% | 3.4% | 3.9% | 3.0% | 1.8% |
| Interest Expense | $51.5M | $49.9M | $47.8M | $48.4M | $52.5M | $52.0M | $47.8M | $12.3M |
| Pretax Income | $16.7M | $32.2M | $19.1M | $-5.7M | $14.3M | $21.9M | $-14.3M | $13.8M |
| Income Tax Expense | $-1.1M | $12.4M | $6.8M | $-5.5M | $7.5M | $4.9M | $-6.9M | $4.3M |
| Net Income | $14.9M | $30.0M | $34.3M | $-177.0K | $3.8M | $17.0M | $-7.4M | $9.6M |
| Net Margin | 1.0% | 2.0% | 2.3% | 0.0% | 0.2% | 0.9% | -0.4% | 0.7% |
| EPS (Basic) | $0.36 | $0.73 | $0.77 | $0.00 | $0.07 | $0.30 | $-0.13 | $0.16 |
| EPS (Diluted) | $0.35 | $0.68 | $0.73 | $0.00 | $0.07 | $0.30 | $-0.13 | $0.16 |
| Shares Outstanding (Basic) | 41.0M | 41.1M | 44.6M | 49.4M | 54.4M | 55.9M | 58.9M | 59.0M |
| Shares Outstanding (Diluted) | 43.0M | 44.1M | 46.9M | 49.4M | 56.6M | 57.3M | 58.9M | 60.0M |
| Dividends Per Share | $0.24 | $0.20 | $0.16 | $0.12 | $0.10 | $0.08 | — | — |