Griffon's Global Sourcing Strategy Is Improving Potential Returns

May 18, 2024 5:43 AM ETGriffon Corporation (GFF) StockSPY, GFF
Ken Taylor
447 Followers

Summary

  • Griffon Corporation has restructured its business to improve profitability and reduce vulnerability to market downturns.
  • KPIs are improving, and the foundation has been laid for sustainable free cash flow generation.
  • The company's focus on efficiency and margin improvements, along with raised guidance, make it a potential market beater.
  • Q2 2024 earnings report showed a decline in total revenue but improvements in gross profit, operating income, and net income.

Organization: Well organized garage

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Investment Thesis

Griffon Corporation (GFF) has restructured its business to be more profitable and less vulnerable to market downturns. The future growth expectations by the market may not match the potential outcome for the company, making

This article was written by

447 Followers
I hold a Master's in Accounting, am a small business owner, and am an assistant investing educator for beginning and intermediate individual investors. My investing analysis focus is on identifying and developing deep knowledge of great businesses. I have helped manage businesses, spend most of my extra time learning about investing and finance, and have been investing in the stock market for three years with a long-term investment focus. I do not consider myself an expert in stock analysis, but I seek to provide value for investors looking for stock and business information. I will never write about an investing idea without spending hours of research on it. I am not a registered advisor. Nothing I write should be considered personal finance or investment advice.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of SPY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I plan to add to my GFF position but will hold off on doing so for at least 72 hours as a best practice.

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