Filing Flows › Griffon (GFF) › Q2 FY25
Griffon (GFF) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 8, 2025
Griffon (GFF) reported revenue of $612M for the second quarter fiscal 2025 (Q2 FY25), -9% from a year earlier and -3% from the quarter before. Operating margin was 16.5%, net earnings $56.8M (9.3% of revenue).
Griffon, Q2 FY25: revenue $612M (-9% year over year), operating margin 16.5%, net earnings $56.8M, operating cash flow $16.5M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $612M | -3% | -9% |
| Gross profit | $252M | -5% | -7% |
| Operating profit | $101M | -10% | -11% |
| Net earnings | $56.8M | -20% | -12% |
| Operating cash flow | $16.5M | -88% | -59% |
| Free cash flow | $2.8M | -98% | -87% |
What changed
Revenue was $611.7M in Q2 FY25, down 9% year over year and down 3% from the previous quarter.
Gross margin was 41.2%, up 1.0 points from a year earlier. Operating profit was $101.2M, a 16.5% margin (down 0.3 points year over year). Operating expenses fell 4% while revenue fell 9%. Net earnings were $56.8M, down 12% year over year. The effective tax rate was 27.8%.
Operating cash flow was $16.5M (down 59% year over year), 29% of net earnings. Non-cash charges added back $9.9M of depreciation and amortization and $6.5M of share-based compensation. Working capital and other items used $56.6M. Capital expenditures of $13.7M left free cash flow of $2.8M.
Questions
What was Griffon's revenue in the second quarter fiscal 2025?
Griffon (GFF) reported revenue of $612M for the second quarter fiscal 2025 (Q2 FY25), -9% from a year earlier and -3% from the quarter before.
Was Griffon profitable in the second quarter fiscal 2025?
Operating profit was $101M (16.5% of revenue) and net earnings $56.8M.
Source: Griffon 10-Q on SEC EDGAR.