Griffon Corporation: Margin Expansion In Consumer & Professional Products Powering Our Optimism! 

Griffon Corporation’s financial performance for the fourth quarter and full fiscal 2024 offers a nuanced view of its operational health and strategic direction. On the positive side, the company’s Home & Building Products (HBP) segment maintained stable revenue of $1.6 billion year-over-year, buoyed by an increase in residential volume, which managed to offset a decline in commercial demand. Noteworthy is the HBP segment’s ability to sustain strong EBITDA margins, achieving a robust 31.5% margin for the year. This demonstrates effective cost control and pricing strategies, supported by continuous investments in innovation and capacity expansion, such as the upgrades to Clopay’s Troy, Ohio facility.