Griffon Corporation (GFF) Q4 2024 Earnings Call Transcript Summary
Griffon Corporation (GFF) Q4 2024 Earnings Call Transcript Summary
Fourth quarter revenue up 3% to $660 million and adjusted EBITDA rose 13% to $138 million. Gross profit reached $263 million, up from prior year's $246 million, and GAAP net income increased from previous $42 million to $62 million.The following is a summary of the Griffon Corporation (GFF) Q4 2024 Earnings Call Transcript:
以下是格里豐公司（GFF）2024年第四季度業績電話會議記錄摘要：
Financial Performance:
財務表現:
Fiscal 2024 saw stable revenue in the Home & Building Products segment with $1.6 billion, matched by improved profitability with EBITDA margin of 31.5%.
Consumer and Professional Products segment revenue decreased 6% to $1 billion due to lower demand in North America, offset by gains in Australia, with a notable 44% increase in EBITDA.
Fourth quarter revenue up 3% to $660 million and adjusted EBITDA rose 13% to $138 million. Gross profit reached $263 million, up from prior year's $246 million, and GAAP net income increased from previous $42 million to $62 million.
2024財政年度，家居和建築產品領域的營業收入穩定，達到16億美元，利潤率提升至31.5%。
消費品和專業產品部門的營業收入下降6%，至10億美元，因北美需求下降，澳大利亞需求上升，尤其是淨利潤出現44%的顯著增長。
第四季度營業收入增長3%，達到66000萬美元，調整後的EBITDA增長13%，達到13800萬美元。毛利潤達到26300萬美元，較去年的24600萬美元增長，符合GAAP標準的淨利潤從此前的4200萬美元增加至6200萬美元。
Business Progress:
業務進展：
Continued investment in productivity and innovation, notably expanding manufacturing capacity in Troy, Ohio and planning further investments in 2025.
Completed global sourcing expansion ahead of schedule, improving profitability, especially in the CPP segment with reduced U.S. operational costs.
Strong focus on shareholder value through extensive share buybacks and regular dividend increases.
繼續投資於生產力和創新，尤其是在俄亥俄州特洛伊市擴大製造能力，並計劃在2025年進一步投資。
提前完成全球採購擴張，提高盈利能力，尤其在消費品和專業產品部門通過降低美國運營成本。
通過大量的股份回購和定期增加股息，強調股東價值。
Opportunities:
機會：
CPP's global sourcing expansion, completed ahead of schedule, is set to forge a path toward reaching a target EBITDA margin of 15%.
Ongoing share repurchase program and potential strategic investments aiming to boost shareholder value further.
CPP的全球採購擴展提前完成，將爲實現15%的目標EBITDA利潤率鋪平道路。
持續進行股份回購計劃和潛在的戰略投資，旨在進一步提升股東價值。
Risks:
風險：
Continued challenges in the Consumer and Professional Products segment with dampened demand in North America, counteracted by gains in Australia.
Potential risks associated with macroeconomic fluctuations and commodity prices affecting cost structures and profitability.
在消費品和專業產品部門持續面臨挑戰，北美需求疲軟，但在澳洲取得收益以抵消。
與宏觀經濟波動和商品價格波動相關的潛在風險會影響成本結構和盈利能力。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
