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Griffon Corp. (GFF)
NYSE:GFF
Holding GFF?
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$1.19Last Year’s EPS
$1.07Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: 7.16%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance and shareholder returns, with significant improvements in profitability and strategic investments. However, challenges persist in the Consumer and Professional Products segment due to declining North American demand and ongoing commercial volume issues. Despite these challenges, the company's strategic initiatives and financial flexibility position it well for future growth.Company Guidance
In the Griffon Corporation's fourth-quarter earnings call for fiscal year 2024, the company provided comprehensive guidance for 2025, highlighting several key metrics. Griffon anticipates maintaining its total revenue at $2.6 billion, consistent with 2024, while projecting adjusted EBITDA between $575 million and $600 million. The Home & Building Products (HBP) segment is expected to sustain EBITDA margins over 30%, driven by an increase in residential volume and counterbalanced by reduced commercial demand. Meanwhile, the Consumer and Professional Products (CPP) segment aims to surpass a 9% EBITDA margin, benefiting from its completed global sourcing initiative. Griffon also plans to generate over $1 billion in free cash flow over the next three years, with significant allocations for stock repurchase, debt reduction, and strategic investments. Additionally, the company expects to incur $65 million in capital expenditures, alongside interest expenses of $102 million and a normalized tax rate of 28% in 2025.Strong Performance in Home & Building Products (HBP)
HBP revenue was consistent at $1.6 billion with an EBITDA margin of 31.5%. Investments in capacity and technology are planned for 2025 to drive further growth.
Consumer and Professional Products (CPP) Profitability Improvement
CPP's EBITDA increased 44% to $73 million, improving margins by 240 basis points to 7% despite a revenue decrease of 6% to $1 billion.
Significant Shareholder Returns
Repurchased 9.4 million shares for $458 million, representing 16.4% of outstanding shares. Authorized an additional $400 million for share repurchases.
Improved Financial Flexibility
Repriced $459 million Term Loan B facility, maintaining leverage at 2.6x while returning $310 million to shareholders and making substantial investments.
Fourth Quarter Financial Performance
Revenue increased by 3% to $660 million and adjusted EBITDA increased 13% to $138 million. Gross profit increased to $271 million, with a gross margin of 41.1%.
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GFF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GFF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $67.97 | $80.34 | +18.20% |
| Aug 07, 2024 | $69.25 | $55.36 | -20.06% |
| May 08, 2024 | $67.30 | $72.20 | +7.28% |
| Feb 07, 2024 | $59.68 | $67.34 | +12.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Griffon Corp. (GFF) report earnings?
Griffon Corp. (GFF) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Griffon Corp. (GFF) earnings time?
Griffon Corp. (GFF) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GFF EPS forecast?
GFF EPS forecast for the fiscal quarter 2025 (Q1) is $1.19.
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