Griffon Sees FY24 Revenue Of $2.6B, In Line With Consensus; Adjusted EBITDA Of $525M
Portfolio Pulse from Benzinga Newsdesk
Griffon Corporation projects its FY24 revenue to be $2.6 billion, aligning with market consensus, and anticipates an Adjusted EBITDA of $525 million.
November 15, 2023 | 1:06 pm
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Griffon Corporation expects FY24 revenue of $2.6B, matching consensus estimates, and predicts Adjusted EBITDA of $525M.
Griffon's revenue forecast being in line with consensus suggests no significant surprises for investors, which typically results in a neutral market reaction. The Adjusted EBITDA figure provides insight into expected profitability, but without a consensus figure for EBITDA, the impact on the stock price is less clear.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100