Griffon ( (GFF) ) has released its Q3 earnings. Here is a breakdown of the information Griffon presented to its investors.
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Griffon Corporation is a diversified management and holding company that operates through two main segments: Home and Building Products (HBP) and Consumer and Professional Products (CPP). The company is known for manufacturing and marketing garage doors and rolling steel doors in North America, as well as providing a range of consumer and professional tools and products globally.
In its latest earnings report for the third quarter of fiscal 2025, Griffon Corporation announced a revenue of $613.6 million, marking a 5% decrease from the previous year’s quarter. The company reported a net loss of $120.1 million, largely due to a significant impairment charge related to the Hunter Fan acquisition. However, the adjusted net income showed an improvement, reaching $69.2 million compared to $60.5 million in the prior year.
Key financial highlights include an increase in adjusted EBITDA by 7% to $134.7 million. The HBP segment showed resilience with a revenue increase of 2% and a 9% rise in adjusted EBITDA, driven by favorable pricing and reduced material costs. Conversely, the CPP segment faced challenges with a 16% drop in revenue due to weak consumer demand and tariff impacts, although it managed to improve its EBITDA margin by transitioning to an asset-light business model.
Looking ahead, Griffon Corporation maintains its full-year EBITDA guidance despite reducing its revenue forecast to $2.5 billion due to ongoing challenges in the CPP segment. The company continues to focus on strategic initiatives, including share repurchases and debt reduction, demonstrating confidence in its long-term growth strategy and business resilience.
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