Griffon ( (GFF) ) has released its Q1 earnings. Here is a breakdown of the information Griffon presented to its investors.
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Griffon Corporation, a diversified management and holding company, operates through its subsidiaries in the home and building products and consumer and professional products sectors, offering garage doors, tools, and lifestyle products globally. Griffon Corporation reported its fiscal 2025 first-quarter results with a slight 2% decline in revenue to $632.4 million but saw a significant increase in net income to $70.9 million, up from $42.2 million in the same quarter last year. The company’s adjusted EBITDA rose by 13% to $131.2 million, indicating improved operational efficiency and profitability. The Home and Building Products segment maintained steady revenue, while the Consumer and Professional Products segment experienced a 4% revenue decrease, primarily due to reduced demand in North America and the UK. However, the segment’s adjusted EBITDA showed marked improvement, largely due to a global sourcing expansion initiative. Looking forward, Griffon Corporation’s management remains confident about achieving its financial targets for the year, driven by strong free cash flow and continued strategic initiatives.
