Thu, May 8, 8:41 PM (7 days ago)
**Griffon Corporation (GFF) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** Q1 2025 revenue was $611.7M, down 9% YoY due to decreased sales in both HBP and CPP segments. - **Net Income:** Q1 2025 net income was $56.8M, or $1.21 per share, compared to $64.1M, or $1.28 per share, in Q1 2024. - **Profit Margins:** Gross profit margin was 41.2%, while operating margin was 16.5%. - **Cash Flow:** Q1 2025 operating cash flow was $159.4M, down from $185.9M in Q1 2024. **Segment Performance:** - **HBP:** Revenue decreased by 6% YoY due to lower residential sales and increased labor costs. - **CPP:** Revenue decreased by 13% YoY due to reduced consumer demand in North America and the UK, partially offset by the Pope acquisition. **Trends and Uncertainties:** - **Global Sourcing:** CPP's global sourcing strategy has reduced facility footprint and headcount, improving competitive positioning. - **Foreign Currency:** Fluctuations in foreign exchange rates impacted revenue and earnings. - **Legal and Environmental:** Ongoing legal and environmental matters may affect future results. **Future Operations:** - **Dividends:** Griffon paid two quarterly dividends of $0.18 per share in Q1 2025. - **Share Repurchases:** Repurchased 1.03M shares for $72.9M in Q1 2025. - **Debt:** Net debt to EBITDA ratio was 2.6x as of Q1 2025. **Management's Outlook:** - Griffon remains focused on strategic acquisitions, cost control, and operational improvements. - The company expects to maintain leading market positions and diversify its portfolio further. **Ticker:** GFF