NYSE$GFF
Griffon Corporation · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported first quarter results with revenue increase despite supply chain challenges, completed Hunter Fan acquisition, and continued strategic review of Telephonics.
Griffon Corporation reported a 9% increase in revenue for the first quarter of fiscal 2022, totaling $591.7 million. Income from continuing operations was $16.9 million, or $0.31 per share, while adjusted income from continuing operations was $21.1 million, or $0.39 per share. The acquisition of Hunter Fan Company was completed on January 24, 2022, and a strategic review of Telephonics is underway.
- Revenue increased by 9% to $591.7 million compared to the prior year quarter.
- Income from continuing operations decreased to $16.9 million, or $0.31 per share.
- Adjusted EBITDA from continuing operations decreased by 13% to $59.6 million.
- Completed the acquisition of Hunter Fan Company for approximately $845 million.
Headline financials
Revenue & EPS history
Griffon · Revenue · Quarterly
$592M
Revenue by segment
Griffon · $780M total across 2 segments · Q2 2022
- Consumer & Pro Products$411M—52.7%
- Home & Bldg Products$369M—47.3%
Forward guidance
Company expects margins to return to normalized levels beginning in the second half of fiscal 2022 as labor, transportation and supply chain challenges abate and sustained underlying demand factors continue, including a robust housing and repair and remodel market.
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 2022
+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
| Quarter | Report date | Reaction (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% | — | — |
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