earnings
confidence high
sentiment positive
materiality 0.85
Griffon Q3 adj EPS $1.23 vs $0.39; revenue $768M (+31%); closes Telephonics sale $330M
GRIFFON CORP
2022-Q3 EPS reported
$4.19
revenue$2,139,545,000
- Revenue $768.2M (+31% YoY); organic growth +13% excluding Hunter acquisition's $105.8M contribution.
- Adjusted income from continuing ops $66.5M ($1.23/sh) vs $20.8M ($0.39/sh) a year ago.
- Home & Building Products revenue $405.5M (+56% YoY); segment Adj EBITDA $119.8M (+184%).
- Consumer & Professional Products revenue $362.6M (+12%) but Adj EBITDA fell 3% to $28.4M on volume declines.
- Closed Telephonics sale for $330M cash Jun 27; paid $2.00 special dividend Jul 20; strategic review ongoing.