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Sep 30, 2020
Griffon Q4 2020 Earnings Report
Griffon's Q4 2020 earnings were announced, revealing a strong performance despite pandemic-related challenges, with revenue increasing by 15% and adjusted EBITDA rising by 8%.
Key Takeaways
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.
Revenue increased by 15% to $661 million, with organic growth of 14%.
Adjusted EBITDA increased by 8% to $63 million.
Adjusted income from continuing operations was $21.5 million, or $0.44 per share, a 10% increase.
Griffon strengthened its balance sheet through bond refinancing and a common stock offering.
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 expanding the AMES next-generation initiative to include global operations, expecting increased annual cash savings by an additional $30 to $35 million annually.
Revenue & Expenses
Visualization of income flow from segment revenue to net income