Clopay parent Griffon registers 1Q loss - The Business Journal of Milwaukee:

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The company reported a loss of $1.4 or 5 cents per on overall salesof $341 the latter off 21 percent from the October-December quarter in 2006. It had net incomes of $8.5 million, or 27 in the 2006 period. Of Griffon's four operating segments, only Clopay Plastic Products improved. It is a maker of specialtg films with headquarters in Mason and a majotr manufacturing plantin Maysville, Ky. Clopay's sales increased 3 perceny to $106 million, and its operatinyg profit jumped 38 percento $6 million from $4.3 A newly developed elastic laminate for disposable diaperw and other hygiene productw has been qualified by , its major it said, and other key customers are being targeted.
Sales of garage doors by Clopay Buildinb Products declined 14 percentto $111 million from $129 and operating profit vanished as it posted a loss of $1.3 million versus profit of $4 million in the 2006 The housing downturn had a longerr and more-severe than expected impact on its repair and renovation business, it said. "Wd continue to see mixed signals with respecty to predicting the bottom of the housinbgmarket decline.
The segment has been and will continue to focus on cost reductionprogramsd including, but not limited to, reductions in reducing or eliminating certain sales and marketin g programs and consolidating facilities where New York-based Griffon said in its earningw release.