Earnings Call Summary | Griffon(GFF.US) Q3 2024 Earnings Conference
Earnings Call Summary | Griffon(GFF.US) Q3 2024 Earnings Conference
The following is a summary of the Griffon Corporation (GFF) Q3 2024 Earnings Call Transcript:
以下是格里豐公司(GFF)2024年第三季度業績會簡報:
Financial Performance:
金融業績:
Q3 2024 revenue declined by 5% to $648 million compared to the previous year.
Adjusted EBITDA decreased by 8% from the previous year to $141 million.
Gross profit declined, with GAAP gross profit at $249 million compared to $275 million in the prior period.
Q3 GAAP net income was $41 million, down from $49 million in the prior year.
Q3 2024 earnings per share were $0.84, down from $0.90 a year ago.
2024年第三季度營業收入同比下降5%,爲64800萬美元。
調整後的EBITDA比上年下降8%,爲14100萬美元。
毛利潤下降,GAAP毛利潤爲24900萬美元,相比上期的27500萬美元有所降低。
Q3 GAAP淨利潤爲4100萬美元,低於去年的4900萬美元。
2024年第三季度每股收益爲0.84美元,低於一年前的0.90美元。
Business Progress:
業務進展:
The acquisition of Pope, an Australian provider of residential watering products, is expected to contribute $25M in annual sales.
Continued focus on global sourcing expansion, improving margins.
Q3 included a strong free cash flow of $120 million, supporting robust capital allocation for shareholder returns including debt reduction, share repurchases, and paying dividends.
收購澳大利亞住宅灌溉產品提供商Pope預計每年貢獻2500萬美元的銷售額。
繼續專注於全球採購拓展和提高利潤率。
Q3自由現金流強勁,爲12000萬美元,支持股東回報的強有力的資本配置,包括債務減少、股份回購和派發分紅。
Opportunities:
機會:
Expectation for strong future performance, driven by strategic initiatives like the global sourcing expansion and acquisition of Pope, expected to enhance product portfolio and market presence.
Adjusted EBITDA guidance for 2024 reconfirmed at $555 million, emphasizing steady business expectations and operational efficiency.
預計未來表現強勁,主要由戰略計劃推動,如全球採購拓展和Pope收購,預計可增強產品組合和市場份額。
重申2024年調整後EBITDA指引爲55500萬美元,強調穩定的業務預期和高效運營。
Risks:
風險:
Revenue and profit declines this quarter reflect a challenging macroeconomic environment and weakened consumer demand, particularly impacting the Consumer and Professional Products segment.
The commercial sector experienced a lumpy business cycle with reduced volume, potentially impacting future earnings if the trend continues.
本季度營收和利潤下降反映出宏觀經濟環境複雜和消費者需求疲軟,尤其影響消費和專業產品板塊。
商業板塊經歷了週期性減少的業務量,如果這一趨勢持續下去,可能會影響未來收益。
More details: Griffon IR
更多詳情請參見格里豐公司的投資者關係頁面。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. 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:本文由AI生成。文章內容的準確性無法完全保證。有關更全面的詳細信息,請參閱IR網站。本文只是爲投資者提供參考,沒有任何指導或推薦建議。