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Griffon Q1 2023 Earnings Report

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$72.84 +0.84 (+1.17%)
(As of 12/20/2024 05:31 PM ET)

Griffon EPS Results

Actual EPS
$0.86
Consensus EPS
$0.81
Beat/Miss
Beat by +$0.05
One Year Ago EPS
$0.39

Griffon Revenue Results

Actual Revenue
$649.40 million
Expected Revenue
$698.14 million
Beat/Miss
Missed by -$48.74 million
YoY Revenue Growth
+9.80%

Griffon Announcement Details

Quarter
Q1 2023
Time
Q1 2023 Earnings Release

Conference Call Resources

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Griffon Earnings Headlines

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About Griffon

Griffon (NYSE:GFF), through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally. The company operates through two segments: Home and Building Products, and Consumer and Professional Products. The Home and Building Products segment manufactures and markets residential and commercial sectional garage doors, rolling steel service doors, fire doors, shutters, steel security grilles, and room dividers for the use in commercial construction and repair, and home remodeling applications. The segment also sells related products, such as garage door openers. The Consumer and Professional Products segment manufactures and markets long-handled engineered tools, including spades, hoes, cultivators, weeders, post hole diggers, scrapers, edgers and forks; wheelbarrows and lawn carts; snow tools comprising pushers, roof rakes, sled sleigh shovels, scoops, and ice scrapers; and pruning products, such as pruners, loppers, shears, and other tools. The segment also offers striking tools, including axes, picks, mattocks, mauls, wood splitters, sledgehammers, pry bars, and repair handles; traditional and gardening hand tools comprising hammers, screwdrivers, pliers, adjustable wrenches, handsaws, tape measures, levels, clamps, trowels, cultivators, weeders, and other hand tools; indoor and outdoor planters and lawn accessories; and garden hoses and hose reels. In addition, the segment provides home organization products, including wire and wood shelving, containers, storage cabinets, and other closet and home organization accessories; residential, industrial, and commercial fans; and cleaning products, such as brooms, brushes, squeegees, and other cleaning products. The company was formerly known as Instrument Systems Corporation and changed its name to Griffon Corporation in June 1992. Griffon Corporation was founded in 1774 and is headquartered in New York, New York.

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