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Dec 31, 2024
Griffon Q1 2025 Earnings Report
Griffon's first quarter results for fiscal year 2025 were announced, featuring strong free cash flow and solid performance in Home and Building Products.
Key Takeaways
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.
First quarter revenue totaled $632.4 million, a 2% decrease compared to the prior year quarter.
Net income totaled $70.9 million, or $1.49 per share, compared to $42.2 million, or $0.82 per share, in the prior year quarter.
Adjusted EBITDA for the first quarter was $131.2 million, a 13% increase from the prior year quarter.
Free cash flow of $143 million was reported for the three month period ended December 31, 2024.
Griffon
Griffon
Forward Guidance
Griffon is on track to meet its financial targets for the year.