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Mar 31
Griffon Q2 2025 Earnings Report
Reported results for the fiscal 2025 second quarter ended March 31, 2025
Key Takeaways
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.
Total revenue decreased 9% to $611.7 million compared to the prior year quarter.
Net income totaled $56.8 million, or $1.21 per diluted share, down from $64.1 million, or $1.28 per diluted share.
Adjusted net income was $57.6 million, or $1.23 per diluted share, compared to $67.5 million, or $1.35 per diluted share.
Adjusted EBITDA decreased 12% to $118.5 million from $134.2 million in the prior year quarter.
Griffon
Griffon
Griffon Revenue by Segment
Revenue by Segment
Home and Building Products Revenue
CapyFin.comConsumer and Professional Products Revenue
CapyFin.com Forward Guidance
Griffon is maintaining its financial guidance for the full year, expecting HBP to generate approximately 85% of segment EBITDA. CPP is expected to mitigate tariff impacts through various strategies.
Positive Outlook
- Maintaining financial guidance for the year despite uncertain economic conditions.
- HBP segment performance is expected to be largely unaffected by tariffs.
- HBP is expected to generate approximately 85% of segment EBITDA for the year.
- CPP anticipates mitigating tariff impacts through supplier negotiations and cost management.
- CPP plans to leverage existing inventory and take price actions if necessary.
Challenges Ahead
- Uncertain economic operating conditions are noted.
- CPP faces potential impacts from the current tariff policy and other headwinds.
- Reduced consumer demand in North America and the UK impacted CPP volume.
- Increased labor and distribution costs impacted HBP.
- Residential sales activity returning to normal seasonality impacted HBP volume.
Revenue & Expenses
Visualization of income flow from segment revenue to net income