NYSE$GFF

Griffon Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Griffon reported strong second-quarter results driven by strategic planning and business resilience.

Griffon Corporation reported a 36% increase in revenue to $779.6 million for the second quarter of fiscal 2022. Income from continuing operations was $58.6 million, or $1.10 per share, compared to $18.1 million, or $0.34 per share, in the prior year quarter. Adjusted EBITDA from continuing operations increased 113% to $139.6 million.

  • Second quarter revenue totaled $779.6 million, a 36% increase compared to the prior year quarter.
  • Income from continuing operations totaled $58.6 million, or $1.10 per share.
  • Adjusted income from continuing operations was $73.1 million, or $1.37 per share.
  • Adjusted EBITDA from continuing operations increased 113% to $139.6 million.

Headline financials

Total Revenue

$780M

Previous: $635M+22.8%
EPS (adj)

$1.37

Previous: $0.48+185.4%
Adjusted EBITDA

$140M

Previous: $67.8M+105.9%
Capital Expenditures

-$11.5M

Previous: -$12.1M+5.0%
Free Cash Flow

$54.2M

Previous: $5.05M+973.5%
Net Income

$65.7M

Previous: $17.1M+283.9%
Operating Income

$103M

Previous: $43.5M+136.4%
Gross Profit

$261M

Previous: $170M+53.0%
Cash & Equivalents

$122M

Previous: $176M-30.3%
Total Assets

$3.79B

Previous: $2.52B+50.0%
Stock-Based Comp

$5.09M

Previous: $5.29M-3.8%

Revenue & EPS history

Griffon · Revenue · Quarterly

$780M

Q2 2022+22.8%vs Q2 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

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

  • Consumer and Professional Products
    $411M—
  • Home and Building Products
    $369M—

Forward guidance

Griffon expects to continue to deliver strong results and build on our momentum.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025———
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 2011-6.3%——
Q3 2010-6.3%——
Q4 2010-6.3%——
Q2 2010-6.8%——

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