Griffon Corp. reported a profit for the fourth quarter, with earnings of $43.64 million or $0.95 per share, down from $62.49 million or $1.29 per share last year. Adjusted earnings were $70.87 million or $1.54 per share, beating analysts’ expectations of $1.51 per share. The company’s revenue increased by 0.4% to $662.18 million from $659.67 million. Overall, Griffon Corp. saw a decrease in profit but managed to surpass Street estimates, showing resilience in a challenging market.

Read more at Nasdaq: Griffon Corp. Q4 Profit Decreases, But Beats Estimates