GRIFFON CORPORATION
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.52B | $2.62B | $2.69B | $2.85B | $2.27B | $2.07B | $1.87B | $1.98B |
| Cost of Revenue | $1.46B | $1.60B | $1.74B | $1.91B | $1.63B | $1.48B | $1.36B | $1.47B |
| Gross Profit | $1.06B | $1.02B | $948.8M | $936.9M | $641.1M | $584.0M | $516.8M | $511.3M |
| Gross Margin | 42.0% | 38.9% | 35.3% | 32.9% | 28.2% | 28.3% | 27.6% | 25.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $608.1M | $621.6M | $642.7M | $608.9M | $470.5M | $444.5M | $408.3M | $418.5M |
| Operating Income | $206.3M | $398.3M | $196.9M | $-189.1M | $170.6M | $139.5M | $108.5M | $92.8M |
| Operating Margin | 8.2% | 15.2% | 7.3% | -6.6% | 7.5% | 6.8% | 5.8% | 4.7% |
| Interest Expense | $96.0M | $104.1M | $101.4M | $84.4M | $63.2M | $66.5M | $68.3M | $65.6M |
| Pretax Income | $127.4M | $296.7M | $112.7M | $-270.9M | $110.0M | $67.5M | $46.2M | $33.8M |
| Income Tax Expense | $76.3M | $86.8M | $35.1M | $16.8M | $39.7M | $26.0M | $20.8M | $555.0K |
| Net Income | $51.1M | $209.9M | $77.6M | $-191.6M | $79.2M | $53.4M | $37.3M | $125.7M |
| Net Margin | 2.0% | 8.0% | 2.9% | -6.7% | 3.5% | 2.6% | 2.0% | 6.4% |
| EPS (Basic) | $1.13 | $4.41 | $1.49 | $-3.71 | $1.56 | $1.25 | $0.91 | $3.06 |
| EPS (Diluted) | $1.09 | $4.23 | $1.42 | $-3.71 | $1.48 | $1.19 | $0.87 | $2.96 |
| Shares Outstanding (Basic) | 45.4M | 47.6M | 52.1M | 51.7M | 50.8M | 42.6M | 40.9M | 41.0M |
| Shares Outstanding (Diluted) | 46.7M | 49.7M | 54.6M | 51.7M | 53.4M | 45.0M | 42.9M | 42.4M |
| Dividends Per Share | — | — | $0.45 | $0.36 | $0.32 | $0.30 | $0.29 | $0.28 |