Griffon (GFF) Q3 Revenue Falls 5%

Griffon (NYSE:GFF), a diversified manufacturer known for garage doors, storage solutions, and hand tools, reported its quarterly earnings for the period ending June 30, 2025, on August 6, 2025. The most notable news was the segment split: Home and Building Products delivered margin and profit gains, while Consumer and Professional Products faced demand and tariff headwinds, resulting in a year-over-year revenue decline. Total revenue (GAAP) was $613.6 million, below the $650.0 million consensus estimate (GAAP), while adjusted earnings per share (EPS) were $1.50, exceeding the $1.49 non-GAAP estimate. A goodwill and intangible asset impairment charge tied to Hunter Fan led to a $120.1 million net loss (GAAP). Despite this, adjusted net income and margins were up from the prior year, making this a mixed but operationally resilient quarter. Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q2 2025 earnings report. Griffon operates in two key segments: Home and Building Products, which includes garage doors and rolling steel doors, and Consumer and Professional Products, which features lawn and garden tools, storage solutions, and fans for both consumers and professionals. Over the past several years, it has pivoted toward these segments by divesting non-core assets and acquiring brands like Hunter Fan Company and CornellCookson. The company has also emphasized investing in supply chain initiatives and brand leadership, with strong positions in North America through brands like Clopay for garage doors and AMES for tools.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool