Griffon Corporation Announces Operating Results for the Third Quarter of Fiscal 2008 (PR Newswire)

Thursday August 7, 4:10 pm ET JERICHO, N.Y., Aug. 7 /PRNewswire-FirstCall/ -- Griffon Corporation (NYSE: GFF - News ) today reported operating results for the third quarter of fiscal 2008, ended June 30, 2008. Net sales for the third quarter of fiscal 2008 were $322.3 million, compared to $337.2 million in the third quarter of fiscal 2007. Income from continuing operations was $9.4 million, or $.31 per diluted share, for the quarter compared to $6.1 million, or $.20 per diluted share, last year. The income from continuing operations for the third quarter of fiscal 2008 was favorably impacted by a tax benefit of $.1 million, versus a tax expense of $4.1 million in the prior year's comparable quarter. Loss from discontinued operations was $19.2 million, or $.64 per diluted share, compared to $1.7 million, or $.06 per diluted... [read full story]