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Griffon Corp

GFF

Equity

ISIN US3984331021 / Valor 351699

New York Stock Exchange, Inc (2024-12-24)
USD 73.45+1.14%

Griffon Corp
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About company

Griffon Corp is a diversified management and holding company that conducts business through wholly-owned subsidiaries in the areas of home and building products, telephonic communication solutions, and professional tools.

Summarized from source with an LLMView SourceSector: Industrials

Latest Results (13.06.2024):

Revenue Decline

In the fiscal 2024 second quarter, Griffon Corporation reported a revenue of $672.9 million, marking a 5% decrease from the $711.0 million recorded in the same quarter of the previous year. This decline reflects challenges in the market conditions impacting the company's sales.

Net Income Improvement

Griffon Corporation experienced a significant turnaround in its net income for the fiscal 2024 second quarter, posting $64.1 million, or $1.28 per share. This is a notable improvement compared to the net loss of $62.3 million, or $1.17 per share, in the prior year quarter.

Adjusted EBITDA

The company's adjusted EBITDA for the second quarter was $134.2 million, a slight decrease of 2% from $136.9 million in the prior year quarter. This metric continues to be a critical indicator of Griffon Corporation's underlying operational efficiency.

Share Repurchase Activity

During the fiscal 2024 second quarter, Griffon Corporation actively repurchased 1.8 million shares at an average price of $65.09 per share. This repurchase activity underscores the company's confidence in its strategic direction and commitment to enhancing shareholder value.

2024 Financial Outlook

Griffon Corporation has raised its full-year 2024 revenue forecast to $2.65 billion, up from the previous estimate of $2.6 billion. Additionally, the adjusted EBITDA expectation has been increased to $555 million from $525 million, reflecting strong performance in the first half of the year and optimistic projections for the remaining periods.

Summarized from source with an LLMView Source

Key figures

22.6%1Y
154%3Y
244%5Y

Performance

44.7%1Y
44.6%3Y
52.1%5Y

Volatility

Market cap

3497 M

Market cap (USD)

Daily traded volume (Shares)

40,109

Daily traded volume (Shares)

1 day high/low

73.45 / 72.83

1 day high/low (USD)

52 weeks high/low

0.00 / 0.00

52 weeks high/low (USD)

Dividend ex-date

01 January, 2022

Dividend ex-date

Dividend

0.00

Dividend (USD)

Dividend yield (p.a.)

0.00%

Dividend yield (p.a.)

0.002022
0.002023
0.002024

Est dividend (USD)

0.00%2022
0.00%2023
0.00%2024

Est dividend yield

P/E ratio

10.00

P/E ratio

00.002022
00.002023
00.002024

Est P/E ratio

EPS

0.00

EPS (USD)

0.002022
0.002023
0.002024

Est EPS (USD)

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