NYSE:GFFBuilding
Steep Revenue Forecast Cut Might Change The Case For Investing In Griffon (GFF)
In recent commentary, Griffon (NYSE:GFF) was reported to be facing ongoing end-market challenges, with sales declining by 2.7% annually over the past two years and analysts forecasting a further 28.7% revenue decline over the next 12 months, signalling weaker demand across its home improvement and building products portfolio.
This sharp expected revenue drop, coming on top of a multi-year sales decline, raises questions about how much internal efficiency gains and product innovation can...