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Griffon Corp. (GFF)
NYSE:GFF
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.11Last Year’s EPS
1.35Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: 3.46%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
Griffon's earnings call reflected a strong start to Fiscal 2025 with robust free cash flow and improved profitability in the Consumer and Professional Products segment, alongside continued share repurchases and stable dividends. However, challenges included decreased CPP revenue, reduced commercial volume in the Home and Building Products segment, and concerns over tariffs.Company Guidance
During the first quarter of fiscal 2025, Griffon Corporation reported strong financial performance, with free cash flow reaching $143 million. The Home & Building Products (HBP) segment saw a 2% increase in EBITDA, despite flat revenue compared to the prior year, due to increased residential volume offset by reduced commercial volume. The Consumer and Professional Products (CPP) segment experienced a 4% revenue decline but achieved a $13 million rise in EBITDA, reaching $18 million, driven by the global sourcing expansion and growth in Australia. The company repurchased $42 million worth of stock and maintained a quarterly dividend of $0.18 per share. Total revenue for the quarter was $632 million, a 2% decrease year-over-year, while adjusted EBITDA rose by 11% to $145 million. The company reiterated its fiscal 2025 guidance, targeting $2.6 billion in revenue and $575 million to $600 million in segment adjusted EBITDA, with free cash flow expected to exceed net income.Strong Free Cash Flow
Griffon delivered robust free cash flow of $143 million in Q1 Fiscal 2025, indicating solid operating performance.
Consumer and Professional Products (CPP) Profitability Improvement
CPP EBITDA in the first quarter increased by $13 million to $18 million, reflecting positive effects of global sourcing expansion and increased volume in Australia.
Stock Repurchase Program
Griffon repurchased $42 million of its stock during the first quarter, reducing outstanding shares by 16.7% since April 2023.
Stable Dividend Growth
Griffon declared a regular quarterly dividend of $0.18 per share, marking the 54th consecutive quarterly dividend, with an annualized compounded growth rate of over 18% since 2012.
Improved Gross Profit
Gross profit increased from $237 million to $264 million compared to the prior year quarter, with normalized gross margin up by 320 basis points to 41.8%.
Improved EBITDA Margin
Adjusted EBITDA margin before unallocated amounts increased by 270 basis points to 23%.
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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 |
|---|---|---|---|
| Feb 05, 2025 | $74.31 | $80.91 | +8.88% |
| 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% |
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 Apr 30, 2025, TBA Not Confirmed.
What is Griffon Corp. (GFF) earnings time?
Griffon Corp. (GFF) earnings time is at Apr 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 (Q2) is 1.11.
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