Griffon reports Q2 adjusted EPS $1.23, consensus $1.09

Reports Q2 revenue $611.75M, consensus $618.23M. “I am pleased to report that the performance of both of our segments for the first half was in-line with our expectations,” said Ronald J. Kramer, Chairman and CEO of Griffon (GFF). “Home and Building Products maintained a strong 30% EBITDA margin, driven by steady residential performance and favorable mix. Consumer and Professional Products continued to deliver improving EBITDA margin year-over-year, driven by the transition of our U.S. operations to an asset-light business model and solid performance from our team in Australia.”