Griffon Corporation reported a 4% decrease in revenue for fiscal 2025 compared to the prior year.
Net income for fiscal 2025 was $51.1 million, with adjusted net income of $263.6 million.
The company highlighted the strong performance in the Home and Building Products segment and profitability improvement in the Consumer and Professional Products segment.
Revenue Decrease
Fiscal 2025 revenue decreased by 4% compared to the prior year.
Adjusted Net Income
Adjusted net income for fiscal 2025 was $263.6 million, an increase from the prior year.
Dividend Increase
Griffon announced a 22% increase in the regular quarterly dividend to $0.22 per share for fiscal 2026.
Free Cash Flow
The company generated $323 million of free cash flow in fiscal 2025 and returned $174 million to shareholders through dividends and share repurchases.
- The challenging macroeconomic environment impacted the company's results.
- Operational discipline and strong portfolio helped Griffon navigate the economic challenges.
Griffon Corporation plans to focus on capital allocation strategies in fiscal 2026, including share repurchases, debt reduction, and investments in businesses. The company's confidence is reflected in the increased regular quarterly dividend.