Griffon Q1 Adj. EPS $1.07 Beats $0.75 Estimate, Sales $643.15M Beat $595.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
Griffon Corporation (NYSE:GFF) reported Q1 adjusted EPS of $1.07, surpassing the $0.75 estimate, marking a 42.67% beat and a 24.42% increase from last year's $0.86. Q1 sales reached $643.15M, exceeding the $595.87M estimate by 7.94%, despite a slight 0.96% decrease from the previous year's $649.38M.
February 07, 2024 | 12:36 pm
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Griffon Corporation reported a significant beat on both earnings and sales estimates for Q1, with EPS at $1.07 against a $0.75 estimate and sales of $643.15M against a $595.87M estimate.
Griffon's significant beat on both earnings per share and sales estimates for the quarter indicates strong financial performance and operational efficiency, likely leading to positive investor sentiment and potential short-term stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100