Griffon Q2 adj EPS $1.35 beats $1.21; raises FY segment EBITDA guidance to $555M

GRIFFON CORP

2024-Q2 EPS reported $2.10 revenue$1,316,033,000

Revenue $672.9M (-5% YoY); net income $64.1M vs loss $62.3M in prior year quarter.
Adjusted EPS $1.35 vs $1.21; adjusted EBITDA $134.2M (-2% YoY).
HBP revenue $392.1M (-1%); residential volume up, commercial down.
CPP revenue $280.8M (-11%); adjusted EBITDA +2% to $20.1M on cost improvements.
FY 2024 segment EBITDA guidance raised to $555M (prior $525M); revenue guidance $2.65B (prior $2.6B).

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 0.95

GRIFFON CORP reported fiscal 2024 second quarter ended March 31, 2024 results: revenue $672.9 million, net income $64.1 million, EPS $1.28 per share. Guidance raised.

Period: fiscal 2024 second quarter ended March 31, 2024
Revenue: $672.9 million
Net income: $64.1 million
EPS: $1.28 per share
Guidance: raised
Result: reported results

Exact text from the filing

Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal 2024 second quarter ended March 31, 2024. Revenue for the second quarter totaled $672.9 million, a 5% decrease compared to $711.0 million in the prior year quarter. Net income totaled $64.1 million, or $1.28 per share, compared to a net loss of $62.3 million, or $1.17 per share, in the prior year quarter.

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Source: SEC EDGAR

accession 0000050725-24-000068

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