Griffon Corp (NYSE:GFF)

Q1 2025 Griffon Corp Earnings Call Transcript

Feb 5, 2025 / 01:30 PM GMT

Release Date Price: $80.91 (+8.88%)

Transcript 10-Q8-K

Key Points

Positve

Griffon Corp (GFF) delivered robust free cash flow of $143 million in Q1 2025.
The company maintained solid operating performance in its Home and Building Products (HBP) segment, with EBITDA increasing by 2%.
Griffon Corp (GFF) repurchased $42 million of its stock, reducing outstanding shares by 16.7% since April 2023.
The company declared a regular quarterly dividend of $0.18 per share, marking the 54th consecutive quarterly dividend.
Griffon Corp (GFF) achieved a normalized gross margin increase of 220 basis points year over year to 41.8%.

Negative

First quarter revenue decreased by 2% compared to the prior year.
Consumer and Professional Products (CPP) segment revenue decreased by 4% due to reduced consumer demand in North America and the UK.
Increased labor and distribution costs partially offset the benefits of reduced material costs in the HBP segment.
The company faces potential challenges from tariffs on imports from China, Mexico, and Canada.
Griffon Corp (GFF) anticipates continued weakness in North American demand for CPP through the first half of 2025.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GFF.N - Griffon Corp
Q1 2025 Griffon Corp Earnings Call
Feb 05, 2025 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the Griffin Corporation fiscal first quarter, 2025 earnings conference call at this time. All participants are in listen-only move a question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad as a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Brian Harris Chief Financial Officer. Thank you. You may begin.

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Unidentified_2 [2]
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Thank you. Good morning and welcome to Griffin's first quarter fiscal 2025

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