Griffon First Quarter 2024 Earnings: Beats Expectations
Griffon (NYSE:GFF) First Quarter 2024 Results
Key Financial Results
Revenue: US$643.2m (down 1.0% from 1Q 2023).
Net income: US$42.2m (down 13% from 1Q 2023).
Profit margin: 6.6% (down from 7.5% in 1Q 2023).
EPS: US$0.86 (down from US$0.93 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Griffon Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) also surpassed analyst estimates by 20%.
Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Building industry in the US.
Performance of the American Building industry.
The company's shares are up 14% from a week ago.
Risk Analysis
Be aware that Griffon is showing 2 warning signs in our investment analysis that you should know about...
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