earnings
confidence high
sentiment positive
materiality 0.80
Griffon Q4/FY2024 EPS beat; dividend up 20%, new $400M buyback
GRIFFON CORP
2024-FY EPS reported
$4.23
revenue$2,623,520,000
- FY2024 revenue $2.6B (-2% YoY); net income $209.9M ($4.23 EPS); adj. EPS $5.12.
- Q4 revenue $659.7M (+3%); net income $62.5M ($1.29 EPS); adj. EPS $1.47.
- Adjusted EBITDA FY2024 $513.6M (+2%); Q4 $137.5M (+13%); free cash flow $326.1M.
- Dividend raised 20% to $0.18/share; Board authorized new $400M share repurchase program.
- FY2025 outlook: revenue ~$2.6B, adj. EBITDA $575-600M; CPP global sourcing completed.