secwatch.observer — SEC 8-K summary
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Issuer:     GRIFFON CORP (GFF)
CIK:        0000050725
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000050725-24-000068
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50725/000005072524000068/0000050725-24-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50725/000005072524000068/gff-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000050725-24-000068

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer