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 & Pro Products
    $411M
  • Home & Bldg 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 20 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
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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