Griffon Corp. Reports Strong Q4 Earnings and Revenue Growth

Griffon Corp. reported a significant profit increase in Q4, beating expectations. With earnings per share rising to $1.29 and revenue up 2.9%, the report showcases the company's robust performance.

Date: 13-11-2024

AI Rating: 7

Griffon Corp.'s latest report highlights a strong performance in the fourth quarter, with several key financial metrics making a positive impact on investor sentiment. The company reported a profit increase to $62.49 million, up from $41.97 million in the same quarter last year, indicating a strong recovery and growth trajectory.

The earnings per share (EPS) also reflect substantial improvement, rising to $1.29 compared to $0.79 from the previous year. This impressive EPS performance not only indicates better profitability but also notably exceeded analyst expectations, as the average estimate was $1.18 per share. Furthermore, when adjusted for special items, the EPS figure rises even more to $1.47, reinforcing the strength of the company's financial position.

On the revenue side, Griffon Corp. reported a 2.9% growth, achieving $659.67 million in revenue, up from $641.39 million year-over-year. This steady revenue growth suggests that the company is maintaining its market presence and expanding its business. With these positive developments in both profit and revenue, the outlook for Griffon Corp. appears favorable for investors.

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