Griffon Corporation is a diversified management and holding company that engages in various sectors, including home and building products, as well as telecommunications. The company focuses on the acquisition and development of businesses with robust growth potential, leveraging its expertise to maximize operational efficiencies and enhance product offerings. With a commitment to innovation, Griffon provides a range of products and services that cater to residential and commercial markets, aiming to deliver high-quality solutions that meet the evolving needs of consumers and businesses alike.
Multi-industry consumer and professional products manufacturer Griffon Corporation (NYSE:GFF) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 2.9% year on year to $659.7 million. On the other hand, the company’s full-year revenue guidance of $2.6 billion at the midpoint came in 2.3% below analysts’ estimates. Its non-GAAP profit of $1.47 per share was 24.8% above analysts’ consensus estimates.
Griffon reported better-than-expected fourth-quarter earnings, with revenue growth of 3% year-over-year to $659.67 million, beating the consensus. Griffon's board approved an additional $400 million share buyback and raised the quarterly dividend by 20%.
Multi-industry consumer and professional products manufacturer Griffon Corporation (NYSE:GFF)
will be announcing earnings results tomorrow before market hours. Here’s what you need to know.
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As investors continue to digest the excellent year for stocks in 2023 several of last year’s best performers have seen pullbacks. However, for a few very profitable high-growth stocks, this correction seems like an opportunity...
The multinational conglomerate and holding company has an expanding presence in the home and building products market along with the consumer and professional products markets.
