JamesBrey/E+ via Getty Images The Thesis The topline decline continues for Griffon Corporation (NYSE: NYSE:GFF) moving into the second half of FY24, however at a moderate rate. I expect this to continue further in the near term due to the ongoing weaker demand in the company's CPP segment primarily in the U.S. and the UK, however, door volume growth followed by increased residential orders should largely offset this impact. Long-term demand prospects remain favorable due to demographic housing trends th ...

JodiJacobson/E+ via Getty Images Investment Thesis Griffon Corporation (GFF) has restructured its business to be more profitable and less vulnerable to market downturns. The future growth expectations by the market may not match the potential outcome for the company, making an expected expansion of EBITDA margins an opportunity for investors to potentially cash in on a stock that has already delivered incredible returns for shareholders over the past year. The stock has the potential to beat the market ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Griffon (GFF) .Griffon currently has an average brokerage recomme ...

Shares of Griffon (GFF) have gained 3.9% over the past four weeks to close the last trading session at $69.29, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $87 indicates a potential upside of 25.6%.The average comprises three short-term price targets ranging from a low of $85 to a high of $90, with a standard deviation of $2.65. While the lowest estimate indicates an increase ...

Griffon (GFF) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this garage door and building products maker is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnin ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock aliv ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ☒ OF 1934 For the quarterly period ended March 31, 2024 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ☐ ACT OF 1934 For the transition period from to Commission File Number: 1-06620 GRIFFON CORPORATION (Exact name of registrant as specified in its charter) Delaware 11-1893410 (State or other jurisdiction of (I.R.S. Em ...

财务数据和关键指标变化 - 第二季度收入为6.73亿美元,同比下降5% [13] - 调整后EBITDA为1.49亿美元,同比下降2% [13] - EBITDA利润率为19.9%,同比增加60个基点 [13] - 第二季度GAAP净利润为6400万美元,每股1.28美元,上年同期为亏损6200万美元,每股-1.17美元 [16] - 调整后净利润为6800万美元,每股1.35美元,上年同期为6700万美元,每股1.22美元 [16] 各条业务线数据和关键指标变化 家居和建筑产品(HBP) - 收入下降1%,主要由于产品组合不利因素部分抵消了销量增加 [18] - 调整后EBITDA下降2%,主要由于收入减少和人工及运输成本增加,部分被原材料成本下降抵消 [18] 消费者和专业产品(CPP) - 收入下降11%,主要由于北美和英国需求下降,部分被澳大利亚需求增加抵消 [19] - 调整后EBITDA增加2%,主要由于北美生产成本改善和裁量性支出减少,部分被收入下降抵消 [20] 各个市场数据和关键指标变化 - 住宅市场需求强劲,商业市场有所放缓,但仍保持较高水平 [41][42] - 渠道库存正在逐步降低,预计到本财年末能够正常化 [69][70] 公司战略和发展方向及行业竞争 - 正在按计划推进CPP的全球采购战略,预计到2024年底完成 [8] - 这一战略将使CPP的利润率在1-2年内提升至15% [54][55] - 公司将继续利用强劲的经营业绩和自由现金流来实施资本配置策略,为股东创造长期价值 [28] 管理层对经营环境和未来前景的评论 - 第一半年业绩超预期,为下半年奠定了良好基础 [27] - 对全年业绩充满信心,因此提高了收入和EBITDA指引 [11][28] - 家居和建筑产品业务保持强劲,消费者和专业产品业务正在稳步改善 [27] 问答环节重要的提问和回答 问题1 **分析师提问** 对于家居和建筑产品业务,公司是否看到任何变化,特别是在利润率方面 [33] **公司回应** 公司没有看到任何变化,第二季度住宅需求下降预期未实现是最大的原因,对全年保持乐观 [34][35] 问题2 **分析师提问** 对于消费者和专业产品业务,公司是否认为已经实现了阶段性的改善,未来能否持续改善 [36] **公司回应** 公司预计第三季度利润率会环比改善,但第四季度由于季节性因素会有所下降,整体来看利润率将持续改善并进入2025年 [37][38] 问题3 **分析师提问** 公司是否考虑提价来应对钢材成本压力 [64] **公司回应** 公司专注于成本结构管理和为客户提供良好价值,不会因为竞争对手的价格调整而跟进 [67]

Griffon (GFF) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $1.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 43.62%. A quarter ago, it was expected that this garage door and building products maker would post earnings of $0.78 per share when it actually produced earnings of $1.07, delivering a surprise of 37.18%.Over the last four ...