GFF FY 2024 Earnings Report — Griffon Corporation Revenue & Financial Results | Market Cap Arena

Griffon CorporationGFF

FY 2024 Earnings

Reported November 13, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.7B	—	-2.3%
Op. Income	$398M	—	$197M	—	102.3%
Gross Margin	38.9%	—	35.3%	—	3.5pp
Net Margin	8.0%	—	2.9%	—	5.1pp
EPS (Diluted)	$4.23	—	$1.42	—	197.9%
Free Cash Flow	$309M	—	$365M	—	-15.4%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.6B
GROSS PROFIT	$1.0B
R&D Expenses	$19M
Selling & Marketing	$94M
General & Administrative	$486M
SG&A Expenses	$580M
Other Expenses	$22M
Operating Expenses	$622M
Cost & Expenses	$2.2B
OPERATING INCOME	$398M
Interest Income	$2M
Interest Expense	$104M
Other Income/Expenses	-$102M
INCOME BEFORE TAX	$297M
Income Tax Expense	$87M
Net Income from Continuing Ops	$210M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$210M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$210M
D&A	$61M
EBIT	$401M
EBITDA	$461M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.6B
GROSS PROFIT	$1.0B
R&D Expenses	$19M
Selling & Marketing	$94M
General & Administrative	$486M
SG&A Expenses	$580M
Other Expenses	$22M
Operating Expenses	$622M
Cost & Expenses	$2.2B
OPERATING INCOME	$398M
Interest Income	$2M
Interest Expense	$104M
Other Income/Expenses	-$102M
INCOME BEFORE TAX	$297M
Income Tax Expense	$87M
Net Income from Continuing Ops	$210M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$210M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$210M
D&A	$61M
EBIT	$401M
EBITDA	$461M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$210M
Depreciation & Amortization	$61M
Stock-Based Compensation	$27M
Deferred Income Tax	$4M
Other Non-Cash Items	$28M
Change in Working Capital	$48M
OPERATING CASH FLOW	$377M
Capital Expenditure	-$68M
Acquisitions (Net)	-$11M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$14M
NET CASH FROM INVESTING	-$65M
Net Debt Issuance	$48M
Common Stock Repurchased	-$310M
Common Dividends Paid	-$36M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$299M
FREE CASH FLOW	$309M
Net Change in Cash	$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$114M
Short-Term Investments	$0
Net Receivables	$313M
Inventory	$425M
Other Current Assets	$77M
TOTAL CURRENT ASSETS	$929M
PP&E (Net)	$460M
Goodwill	$329M
Intangible Assets	$619M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$34M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$2.4B
Account Payables	$119M
Short-Term Debt	$8M
Deferred Revenue	$0
Other Current Liabilities	$87M
TOTAL CURRENT LIABILITIES	$349M
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$134M
TOTAL NON-CURRENT LIABILITIES	$1.8B
TOTAL LIABILITIES	$2.1B
Common Stock	$21M
Additional Paid-In Capital	$677M
Retained Earnings	$461M
Treasury Stock	-$877M
Accum. Other Comp. Income	-$58M
Other Equity	-$218.0K
TOTAL STOCKHOLDERS' EQUITY	$225M
Minority Interest	$0
TOTAL EQUITY	$225M
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$1.7B
Net Debt	$1.6B