Griffon Corporation Announces Annual and Fourth Quarter Results
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Griffon Corporation reported its annual and fourth quarter results for the fiscal year ended September 30, 2024. The company saw a 2% decrease in revenue to $2.6 billion compared to the previous year. However, net income significantly increased to $209.9 million, or $4.23 per share, from $77.6 million, or $1.42 per share, in the prior year.
November 13, 2024 | 1:00 pm
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Griffon Corporation's fiscal 2024 results show a 2% decrease in revenue but a significant increase in net income, indicating improved profitability despite lower sales.
Despite a slight decrease in revenue, Griffon Corporation's net income has increased significantly, suggesting improved operational efficiency or cost management. This positive profitability trend is likely to have a favorable impact on the stock price in the short term.
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