NYSE:GFF - New York Stock Exchange, Inc. - US3984331021 - Common Stock - Currency: USD
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. Unfortunately, this role also comes with a demand profile tethered to the ebbs and flows of the broader economy, and the industry is currently lagging as its six-month return of 4.5% has trailed the S&P 500’s 9% gain.
Building materials company Builders FirstSource (NYSE:BLDR) will be announcing earnings results tomorrow before market open. Here’s what to expect.
Shares of multi-industry consumer and professional products manufacturer Griffon Corporation (NYSE:GFF) jumped 10.7% in the morning session after the company reported fourth-quarter financial results, which blew past analysts' EBITDA and EPS expectations. On the other hand, its revenue slightly missed, as modest improvements in the Home and Building Products (HBP) segment were offset by weaker demand in Consumer and Professional Products (CPP), particularly in North America and the UK. Overall,
Multi-industry consumer and professional products manufacturer Griffon Corporation (NYSE:GFF) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 1.7% year on year to $632.4 million. Its non-GAAP profit of $1.39 per share was 16.4% above analysts’ consensus estimates.
Griffon shows improving price performance, earning an upgrade to its IBD Relative Strength Rating from 64 to 88.
Multi-industry consumer and professional products manufacturer Griffon Corporation (NYSE:GFF) will be announcing earnings results tomorrow before market hours. Here’s what to look for.
Let’s dig into the relative performance of Griffon (NYSE:GFF) and its peers as we unravel the now-completed Q2 home construction materials earnings season.