Griffon Corporation (GFF)
Pretax margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 296,650 | 266,092 | 283,536 | 104,804 | 112,682 | -398,801 | -313,699 | -133,213 | -174,722 | 301,070 | 166,300 | 104,167 | 118,864 | 123,293 | 128,988 | 103,723 | 79,466 | 76,544 | 61,917 | 61,026 |
| Revenue (ttm) | US$ in thousands | 2,569,202 | 2,527,910 | 2,540,295 | 2,579,326 | 2,596,635 | 2,667,247 | 2,748,003 | 2,820,103 | 2,760,205 | 2,432,204 | 2,324,089 | 2,184,420 | 2,207,560 | 2,509,033 | 2,492,326 | 2,417,798 | 2,351,128 | 2,264,619 | 2,208,339 | 2,196,705 |
| Pretax margin | 11.55% | 10.53% | 11.16% | 4.06% | 4.34% | -14.95% | -11.42% | -4.72% | -6.33% | 12.38% | 7.16% | 4.77% | 5.38% | 4.91% | 5.18% | 4.29% | 3.38% | 3.38% | 2.80% | 2.78% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $296,650K ÷ $2,569,202K
= 11.55%
The pretax margin of Griffon Corporation has shown some fluctuations over the past several quarters. In recent periods, the company has generally demonstrated an improving trend in its pretax margin, with the most recent figure standing at 11.55% as of September 30, 2024, indicating that the company is generating 11.55 cents of pretax profit for every dollar of revenue.
It is noteworthy that compared to the negative pretax margins recorded in the first half of 2023, the company has made significant progress in returning to profitability. This positive trend suggests that Griffon Corporation has likely implemented effective cost control measures, increased operational efficiency, or experienced revenue growth.
Overall, the pretax margin is an essential indicator of a company's profitability and operational efficiency, and Griffon Corporation's recent performance indicates an improving financial health, which could be a positive sign for investors and stakeholders.