Griffon Earnings Reports

Griffon reported a decrease in revenue and net income for the second quarter of fiscal 2025 compared to the prior year, driven by lower volume in both segments. Adjusted EBITDA also declined. Home and Building Products saw reduced revenue and EBITDA due to decreased volume and higher costs, while Consumer and Professional Products experienced a revenue decline but an increase in Adjusted EBITDA, benefiting from global sourcing and strong performance in Australia.

Griffon Corporation reported a 2% decrease in revenue to $632.4 million, but net income increased to $70.9 million, or $1.49 per share. Adjusted net income was $65.9 million, or $1.39 per share, and adjusted EBITDA increased by 13% to $131.2 million. Free cash flow for the quarter was $143 million.

Griffon Corporation reported a 3% increase in revenue for the fourth quarter, reaching $659.7 million. Net income for the quarter was $62.5 million, or $1.29 per share, compared to $42.0 million, or $0.79 per share, in the prior year quarter. Adjusted EBITDA increased by 13% to $137.5 million. The company's free cash flow generation supported share repurchases and dividends, returning $310 million to shareholders during the year.

Griffon Corporation reported a 5% decrease in revenue to $647.8 million for the third quarter of fiscal year 2024, with net income decreasing to $41.1 million, or $0.84 per share. Adjusted net income was $60.5 million, or $1.24 per share. The company generated strong free cash flow of $120 million, which was used to reduce debt, repurchase stock, and fund dividends.

Griffon Corporation reported a 5% decrease in revenue to $672.9 million compared to the prior year quarter, but net income increased to $64.1 million, or $1.28 per share, compared to a net loss of $62.3 million, or $1.17 per share, in the prior year quarter. The company raised its full-year segment EBITDA guidance to $555 million.

Griffon Corporation reported a slight decrease in revenue for the first quarter, totaling $643.2 million compared to $649.4 million in the prior year quarter. Net income was $42.2 million, or $0.82 per share, compared to $48.7 million, or $0.88 per share, in the prior year quarter. Adjusted EBITDA increased by 7% to $116.4 million. The company highlighted strong free cash flow of $133 million and improved profitability at Consumer and Professional Products.

Griffon Corporation's Q4 2023 results showed a decrease in revenue to $641 million from $709 million in the prior year quarter. Income from continuing operations was $42.0 million, compared to a loss of $415.4 million in the prior year quarter. Adjusted EBITDA decreased slightly to $121.3 million from $124.8 million. The company is focusing on strategic initiatives, including expanding its global sourcing strategy and optimizing its capital allocation.

Griffon Corporation reported Q3 2023 revenue of $683.4 million, a decrease of 11% compared to the prior year quarter. Income from continuing operations was $49.2 million, or $0.90 per share, compared to $52.8 million, or $0.98 per share, in the prior year quarter. Adjusted income from continuing operations was $70.3 million, or $1.29 per share, compared to $66.5 million, or $1.23 per share, in the prior year quarter. The company raised its full-year EBITDA guidance to $550 million.

Griffon Corporation reported a revenue decrease of 9% to $711.0 million compared to the prior year quarter. The company recorded a loss from continuing operations of $62.3 million, or $1.17 per share. Adjusted income from continuing operations was $66.9 million, or $1.21 per share, compared to $72.7 million, or $1.36 per share in the prior year quarter. Adjusted EBITDA from continuing operations for the second quarter was $136.9 million, a 2% decrease from the prior year quarter of $139.3 million. The company is raising full-year EBITDA guidance from $500 million to $525 million.

Griffon Corporation reported a 10% increase in revenue to $649.4 million for the first quarter of fiscal 2023. Income from continuing operations increased to $48.7 million, or $0.88 per share. Adjusted EBITDA from continuing operations increased by 83% to $108.6 million. The company is on track to meet its financial targets for the year.

Griffon Corporation reported a Q4 revenue increase of 24% to $709 million, but a net loss of $415.4 million due to a $454.8 million non-cash impairment charge. Adjusted income from continuing operations was $59.7 million, and adjusted EBITDA increased by 135% to $125 million. The Home and Building Products segment drove record revenue and EBITDA, while Consumer and Professional Products experienced reduced volume in North America and the UK.

Griffon Corporation reported a 31% increase in revenue to $768.2 million for the third quarter, with a record adjusted income from continuing operations of $66.5 million, or $1.23 per share. The Home and Building Products segment drove the results, with favorable price trends, while the Consumer and Professional Products segment experienced reduced volume.

Griffon Corporation reported a 36% increase in revenue to $779.6 million for the second quarter of fiscal 2022. Income from continuing operations was $58.6 million, or $1.10 per share, compared to $18.1 million, or $0.34 per share, in the prior year quarter. Adjusted EBITDA from continuing operations increased 113% to $139.6 million.

Griffon Corporation reported a 9% increase in revenue for the first quarter of fiscal 2022, totaling $591.7 million. Income from continuing operations was $16.9 million, or $0.31 per share, while adjusted income from continuing operations was $21.1 million, or $0.39 per share. The acquisition of Hunter Fan Company was completed on January 24, 2022, and a strategic review of Telephonics is underway.

Griffon Corporation reported a 3% increase in revenue to $570 million for the fourth quarter, while net income decreased to $15.9 million, or $0.30 per share. Adjusted EBITDA from continuing operations increased by 5% to $53 million. The company faced challenges including U.S. labor, transportation, and supply chain disruptions, but saw strong demand in its businesses.

Griffon Corporation reported a 2% increase in consolidated revenue to $646.8 million for the third quarter of fiscal 2021. Net income decreased to $16.7 million, or $0.31 per share, compared to $21.8 million, or $0.50 per share, in the prior year quarter. Adjusted EBITDA decreased 7% to $64.8 million.

Griffon Corporation reported a 12% increase in consolidated revenue, reaching $634.8 million. Net income rose to $17.1 million, or $0.32 per share, compared to $0.9 million, or $0.02 per share, in the prior year quarter. Adjusted EBITDA increased by 41% to $67.8 million.

Griffon Corporation reported an 11% increase in consolidated revenue, reaching $609.3 million for the first quarter of fiscal 2021. Net income increased to $29.5 million, or $0.55 per share, compared to $10.6 million, or $0.24 per share, in the prior year quarter. Adjusted EBITDA rose by 35% to $74.6 million.

Griffon Corporation reported a 15% increase in revenue for the fourth quarter, reaching $661 million, and an 8% increase in Adjusted EBITDA to $63 million. The company's EPS was $0.41, and adjusted EPS was $0.44. Strong performance was driven by consumer demand and operational improvements across its segments.

Griffon Corporation reported a strong third quarter with a 10% increase in consolidated revenue, reaching $632.1 million. Income from continuing operations rose to $21.8 million, or $0.50 per share, compared to $14.1 million, or $0.33 per share, in the prior year. Adjusted EBITDA increased by 31% to $69.5 million.

Griffon Corporation reported a 3% increase in consolidated revenue, reaching $566.4 million, but experienced a decrease in income from continuing operations to $0.9 million, or $0.02 per share. Adjusted EBITDA increased by 13% to $48.0 million. The company faced challenges due to COVID-19 impacts and certain one-time charges, but highlighted its strong position and strategic growth plan.

Griffon Corporation reported a 7% increase in consolidated revenue, reaching $548.4 million, and a rise in net income to $10.6 million, or $0.24 per share. Adjusted income increased by 64% to $15.6 million, or $0.36 per share, and Adjusted EBITDA increased by 22% to $55.2 million.