Griffon Corporation is a diversified management and holding company that engages in various sectors, including home and building products, as well as telecommunications
The company focuses on the acquisition and development of businesses with robust growth potential, leveraging its expertise to maximize operational efficiencies and enhance product offerings. With a commitment to innovation, Griffon provides a range of products and services that cater to residential and commercial markets, aiming to deliver high-quality solutions that meet the evolving needs of consumers and businesses alike.
Shares of multi-industry consumer and professional products manufacturer Griffon Corporation (NYSEGFF)
jumped 10.7% in the morning session after the company reported fourth-quarter financial results, which blew past analysts' EBITDA and EPS expectations. On the other hand, its revenue slightly missed, as modest improvements in the Home and Building Products (HBP) segment were offset by weaker demand in Consumer and Professional Products (CPP), particularly in North America and the UK. Overall, we think this was a decent quarter with some key metrics above expectations.
Multi-industry consumer and professional products manufacturer Griffon Corporation (NYSEGFF) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 1.7% year on year to $632.4 million. Its non-GAAP profit of $1.39 per share was 16.4% above analysts’ consensus estimates.
Multi-industry consumer and professional products manufacturer Griffon Corporation (NYSEGFF)
will be announcing earnings results tomorrow before market hours. Here’s what to look for.
Wall Street rose on Wednesday, with all major equity indices advancing as investors assessed the latest batch of corporate earnings and drew optimism from positive labor market data.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the home construction materials industry, including Quanex (NYSENX) and its peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Builders FirstSource (NYSEBLDR) and the rest of the home construction materials stocks fared in Q3.
Let’s dig into the relative performance of Griffon (NYSEGFF) and its peers as we unravel the now-completed Q3 home construction materials earnings season.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the home construction materials industry, including JELD-WEN (NYSEJELD) and its peers.
Multi-industry consumer and professional products manufacturer Griffon Corporation (NYSEGFF) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 2.9% year on year to $659.7 million. On the other hand, the company’s full-year revenue guidance of $2.6 billion at the midpoint came in 2.3% below analysts’ estimates. Its non-GAAP profit of $1.47 per share was 24.8% above analysts’ consensus estimates.
Griffon reported better-than-expected fourth-quarter earnings, with revenue growth of 3% year-over-year to $659.67 million, beating the consensus. Griffon's board approved an additional $400 million share buyback and raised the quarterly dividend by 20%.
Multi-industry consumer and professional products manufacturer Griffon Corporation (NYSEGFF)
will be announcing earnings results tomorrow before market hours. Here’s what you need to know.
