Griffon Q1 revenue $649M (+10% YoY); EPS $0.88 vs $0.31; raises interest expense guidance

GRIFFON CORP

2023-Q1 EPS reported $0.88 revenue$649,384,000

Revenue $649.4M (+10% YoY); GAAP EPS $0.88 vs $0.31; adjusted EPS $0.86 vs $0.39.
Adjusted EBITDA from continuing ops $108.6M (up 83% YoY); free cash flow $82.6M.
Home & Building Products revenue +29% to $396.6M; Adjusted EBITDA $124.1M (+121%).
Consumer & Professional Products revenue -11% to $252.8M; Adjusted EBITDA loss $1.8M.
FY2023 guidance: interest expense raised to $103M (from $92M); other targets unchanged.

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