NYSE$GFF

Griffon Corporation · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Griffon's first quarter of 2020 resulted in increased revenue and net income compared to the prior year quarter.

Griffon Corporation reported a 7% increase in consolidated revenue, reaching $548.4 million, and a rise in net income to $10.6 million, or $0.24 per share. Adjusted income increased by 64% to $15.6 million, or $0.36 per share, and Adjusted EBITDA increased by 22% to $55.2 million.

  • Consolidated revenue increased by 7% to $548.4 million.
  • Net income increased to $10.6 million, or $0.24 per share.
  • Adjusted income rose by 64% to $15.6 million, or $0.36 per share.
  • Adjusted EBITDA increased by 22% to $55.2 million.

Headline financials

Total Revenue

$548M

Previous: $511M+7.4%
EPS (adj)

$0.36

Previous: $0.22+63.6%
HBP Adjusted EBITDA

$40.7M

Previous: $31.3M+30.1%
CPP Adjusted EBITDA

$21.9M

Previous: $20.6M+6.6%
Capital Expenditures

-$13.2M

Previous: -$8.4M-56.9%
Free Cash Flow

-$2.56M

Previous: $356K-819.1%
Net Income

$10.6M

Previous: $8.75M+21.2%
Operating Income

$32.1M

Previous: $29.3M+9.7%
Gross Profit

$150M

Previous: $143M+4.8%
Cash & Equivalents

$64.8M

Previous: $81.8M-20.7%
Total Assets

$2.26B

Previous: $2.07B+8.8%
Stock-Based Comp

$3.98M

Previous: $2.93M+35.8%

Revenue & EPS history

Griffon · Revenue · Quarterly

$548M

Q1 2020+7.4%vs Q1 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Griffon · $482M total across 2 segments · Q1 2020

  • Home & Bldg Products
    $241M+8.1%
  • Consumer & Pro Products
    $241M+11.4%

Forward guidance

Griffon is confident that their optimization initiatives are positioning the company for future growth through the balance of fiscal 2020 and beyond.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+1.3%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+3.3%

Avg return

30 days after

58%

38 / 65 earnings

Positive

+22.7%

Q4 2011

Best reaction

-18.7%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-1.6%-10.5%-8.2%
Q1 2026+5.7%+10.5%-8.6%
Q4 2025+3.9%+7.4%+14.7%
Q2 2025+4.4%+8.3%+3.7%
Q1 2025+8.9%+5.8%-5.1%
Q4 2024+13.6%+8.7%+15.2%
Q3 2024-16.2%-13.9%-10.3%
Q2 2024+9.6%+2.3%-3.2%
Q1 2024+12.2%+12.9%+15.0%
Q4 2023-4.7%-1.6%+19.8%
Q3 2023-7.3%-1.9%-1.0%
Q2 2023+7.5%+5.5%+20.4%
Q1 2023+4.1%+9.2%-4.5%
Q4 2022+7.6%+7.3%+4.0%
Q3 2022+8.4%+2.5%+17.2%
Q2 2022+6.0%+30.0%+78.9%
Q1 2022+0.0%-4.2%+5.2%
Q4 2021-10.2%-9.3%-11.4%
Q3 2021-5.1%-6.3%-0.2%
Q2 2021+0.2%+3.5%-2.9%
Q1 2021+2.9%+7.5%+12.7%
Q4 2020-18.7%-16.4%-19.7%
Q3 2020+9.1%+5.0%+8.5%
Q2 2020+3.6%-6.7%+5.5%
Q1 2020-5.1%-14.2%-20.5%
Q4 2019+15.0%+3.6%-7.4%
Q3 2019+15.1%+14.0%+6.7%
Q2 2019-12.7%-13.8%-26.3%
Q1 2019+14.5%+20.4%+26.6%
Q4 2018-6.9%-2.6%-13.0%
Q3 2018+2.2%-1.1%+2.0%
Q2 2018+8.0%+14.0%+15.0%
Q1 2018-11.2%-14.1%-10.5%
Q4 2017+9.0%+10.9%-2.4%
Q3 2017-8.5%-8.0%-9.9%
Q2 2017-6.9%-4.7%-7.7%
Q1 2017+1.8%-0.2%+0.0%
Q4 2016+3.5%+10.2%+25.1%
Q3 2016+3.1%+1.1%+3.6%
Q2 2016+0.4%
Q1 2016-3.2%
Q4 2015-2.0%
Q3 2015+8.2%
Q2 2015-4.2%
Q1 2015+8.8%
Q4 2014+0.9%
Q3 2014-0.2%
Q2 2014+8.4%
Q1 2014-8.8%
Q4 2013+4.3%
Q3 2013-4.8%
Q2 2013+2.4%
Q1 2013-1.7%
Q4 2012-11.8%
Q4 2011+22.7%
Q3 2012+18.0%
Q2 2012-4.5%
Q1 2011+5.5%
Q1 2012+0.0%
Q4 2009+3.3%
Q2 2011+3.3%
Q3 2010-6.3%
Q3 2011-6.3%
Q4 2010-6.3%
Q2 2010-6.8%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro