Griffon Earnings Surpass Estimates in Q1, Revenues Decrease 2% Y/Y
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Griffon Corporation (GFF) reported fiscal first-quarter earnings that surpassed estimates, despite a 2% year-over-year decrease in revenues. The decline in revenues was attributed to weakness in the Consumer and Professional Products segment.
February 06, 2025 | 6:00 pm
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Griffon Corporation's earnings exceeded expectations in Q1, but revenues fell by 2% year-over-year, primarily due to challenges in the Consumer and Professional Products segment.
While Griffon Corporation's earnings exceeded expectations, the 2% decline in revenues, driven by weakness in a key segment, presents a mixed outlook. The positive earnings surprise may support the stock, but the revenue decline could limit upside potential.
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