Griffon Q1 adjusted EPS $1.07 vs $0.86 YoY; revenue down 1% to $643M

GRIFFON CORP

2024-Q1 EPS reported $0.82 revenue$643,153,000

Net income $42.2M ($0.82 GAAP EPS); adjusted net income $55.3M ($1.07 adjusted EPS), up from $0.86 YoY.
Adjusted EBITDA $116.4M, up 7% YoY; HBP segment steady, CPP improved to $5.5M from $(1.8)M.
Free cash flow $132.5M for Q1; share repurchases of $69.6M (1.6M shares at avg $42.61).
Net debt $1.33B; leverage 2.5x vs 2.7x a year ago; $237.5M remaining buyback authorization.
CPP global sourcing expansion on track; final facility expected to close by March 2024.

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 0.9

GRIFFON CORP reported the fiscal 2024 first quarter ended December 31, 2023 results: revenue $643.2 million, net income $42.2 million, EPS $0.82 per share.

Period: the fiscal 2024 first quarter ended December 31, 2023
Revenue: $643.2 million
Net income: $42.2 million
EPS: $0.82 per share
Result: reported results

Exact text from the filing

Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal 2024 first quarter ended December 31, 2023. Revenue for the first quarter totaled $643.2 million, a 1% decrease compared to $649.4 million in the prior year quarter. Net income totaled $42.2 million, or $0.82 per share, compared to $48.7 million, or $0.88 per share, in the prior year quarter.

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Source: SEC EDGAR

accession 0000050725-24-000007

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