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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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