Griffon reports FY2023 adjusted EPS $4.54 vs $4.07; Q4 adjusted EPS $1.19; dividend up 20%

GRIFFON CORP

2023-FY EPS reported $1.42 revenue$2,685,183,000

Fiscal 2023 revenue $2.7B (down 6% YoY); adjusted income $247.7M ($4.54 EPS) vs $219.8M ($4.07) prior year.
Q4 revenue $641M (down 10% YoY); Q4 adjusted EPS $1.19 vs $1.09; adjusted EBITDA $121.3M.
HBP revenue up 5% to $1.6B, adjusted EBITDA up 24% to $510.9M; CPP revenue down 18%, EBITDA down 49%.
Board declares quarterly dividend $0.15/share (20% increase); $107.2M remaining share repurchase authorization.
FY2024 outlook: revenue $2.6B, adjusted EBITDA $525M; free cash flow expected to exceed net income.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

GRIFFON CORP reported the fourth quarter ended September 30, 2023 results: revenue $641 million, net income $42.0 million, EPS $0.79 per share.

Period: the fourth quarter ended September 30, 2023
Revenue: $641 million
Net income: $42.0 million
EPS: $0.79 per share
Result: reported results

Exact text from the filing

Revenue for the fourth quarter totaled $641 million, decreasing 10% from $709 million in the prior year quarter. Fourth quarter income from continuing operations was $42.0 million, or $0.79 per share, compared to a loss from continuing operations of $415.4 million, or $7.97 per share, in the prior year quarter.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

GRIFFON CORP reported the fiscal year ended September 30, 2023 results: revenue $2.7 billion, net income $77.6 million, EPS $1.42 per share.

Period: the fiscal year ended September 30, 2023
Revenue: $2.7 billion
Net income: $77.6 million
EPS: $1.42 per share
Result: reported results

Exact text from the filing

Revenue for fiscal 2023 totaled $2.7 billion, a 6% decrease compared to the $2.8 billion in the prior year. Income from continuing operations for fiscal 2023 was $77.6 million, or $1.42 per share, compared to a loss from continuing operations of $287.7 million, or $5.57 per share, in the prior year.

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Source: SEC EDGAR

accession 0000050725-23-000053

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