Griffon ( (GFF) ) has released its Q2 earnings. Here is a breakdown of the information Griffon presented to its investors.
Griffon Corporation is a diversified management and holding company that operates through its subsidiaries in the Home and Building Products and Consumer and Professional Products sectors. The company is known for its leading brands in garage doors, tools, and home products.
In its latest earnings report, Griffon Corporation announced a decrease in revenue and net income for the second quarter of fiscal 2025. Despite the decline, the company maintained a strong EBITDA margin in its Home and Building Products segment and reported improved margins in its Consumer and Professional Products segment.
Key financial highlights include a 9% decrease in revenue to $611.7 million and a 12% decrease in adjusted EBITDA to $118.5 million. The Home and Building Products segment saw a 6% revenue decline, while the Consumer and Professional Products segment experienced a 13% drop in revenue. However, the latter segment reported an 18% increase in adjusted EBITDA due to strategic initiatives and improved performance in Australia.
Looking ahead, Griffon Corporation remains committed to its financial guidance for the year, despite economic uncertainties. The company expects its Home and Building Products segment to continue contributing significantly to its EBITDA, while the Consumer and Professional Products segment aims to navigate challenges through strategic measures.