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NEW YORK - On Wednesday, Griffon Corporation (NYSE:GFF) reported fourth quarter adjusted earnings of $1.54 per share, exceeding analyst expectations of $1.51, while revenue rose to $662.2 million, surpassing the consensus estimate of $631.41 million.
Revenue for the quarter increased slightly to $662.2 million compared to $659.7 million in the same period last year. The Home and Building Products (HBP) segment led the growth with a 3% revenue increase to $420.3 million, driven by favorable pricing and mix, particularly in the commercial segment. This offset a 4% revenue decline in the Consumer and Professional Products (CPP) segment, which fell to $241.9 million due to reduced consumer demand in North America and the United Kingdom.
"We are very pleased with our results for the fourth quarter and fiscal year, particularly in light of the challenging macroeconomic environment," said Ronald Kramer, Chairman and CEO. "The continued strong performance from the Home and Building Products segment, combined with meaningful profitability improvement in our Consumer and Professional Products segment, underscores the strength of our portfolio and operational discipline."
For fiscal 2025, the company reported adjusted net income of $263.6 million, or $5.65 per share, compared to $254.2 million, or $5.12 per share, in the prior year. Annual revenue decreased 4% to $2.5 billion from $2.6 billion in fiscal 2024.
Looking ahead, Griffon provided fiscal 2026 guidance, projecting revenue of $2.5 billion and adjusted EBITDA between $580 million and $600 million, excluding unallocated costs. The company expects both the HBP and CPP segments’ revenue to remain in line with 2025 levels, with HBP maintaining EBITDA margins above 30% and CPP improving to approximately 10%.
The company also announced a 22% increase in its quarterly dividend to $0.22 per share, reflecting confidence in its strategic outlook.
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