NYSE$GFF

Griffon Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Griffon reported strong Q1 2021 results with revenue, adjusted EBITDA, and adjusted EPS growth.

Griffon Corporation reported an 11% increase in consolidated revenue, reaching $609.3 million for the first quarter of fiscal 2021. Net income increased to $29.5 million, or $0.55 per share, compared to $10.6 million, or $0.24 per share, in the prior year quarter. Adjusted EBITDA rose by 35% to $74.6 million.

  • Consolidated revenue increased by 11% to $609.3 million compared to the prior year quarter.
  • Net income was $29.5 million, or $0.55 per share, compared to $10.6 million, or $0.24 per share, in the prior year quarter.
  • Adjusted EBITDA increased by 35% to $74.6 million from $55.2 million in the prior year quarter.
  • Consumer and Professional Products (CPP) revenue increased by 21%, driven by increased volume and organic growth.

Headline financials

Total Revenue

$609M

Previous: $548M+11.1%
EPS (adj)

$0.56

Previous: $0.36+55.6%
Adjusted EBITDA

$74.6M

No prior period
Capital Expenditures

-$11.9M

Previous: -$13.2M+9.5%
Free Cash Flow

$17.6M

Previous: -$2.56M+786.5%
Net Income

$29.5M

Previous: $10.6M+178.0%
Operating Income

$48.6M

Previous: $32.1M+51.3%
Gross Profit

$170M

Previous: $150M+13.5%
Cash & Equivalents

$234M

Previous: $64.8M+260.9%
Total Assets

$2.48B

Previous: $2.26B+10.0%
Stock-Based Comp

$4.21M

Previous: $3.98M+5.7%

Revenue & EPS history

Griffon · Revenue · Quarterly

$609M

Q1 2021+11.1%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Griffon · $780M total across 2 segments · Q2 2022

  • Consumer & Pro Products
    $411M
  • Home & Bldg Products
    $369M

Forward guidance

Griffon is accelerating growth initiatives across all segments and pursuing opportunistic acquisitions, positioning the company to deliver long-term shareholder value.

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 2021

Historical avgQ1 2021

+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