GRIFFON CORP 8K

Griffon Corporation furnished its fiscal 2026 Q3 earnings and outlook, showing improved profitability, reduced leverage, completion of AMES joint ventures, and continued shareholder returns as it operates as a pure-play building products company.

Griffon Corporation filed a Form 8-K to furnish its fiscal 2026 third quarter results, reporting a 7% year-over-year increase in revenue to $481.4 million and a swing to income from continuing operations of $66.3 million ($1.47 per diluted share) from a prior-year loss, alongside modestly higher adjusted EBITDA, significant debt reduction, and continued capital returns via dividends and share repurchases. The company highlighted completion of strategic actions that establish Griffon as a pure-play building products company and detailed two recently closed AMES joint ventures (Australasia and North America) that generated substantial cash proceeds, PIK notes, and minority equity stakes. Management provided an updated fiscal 2026 outlook, including expected revenue of $1.8 billion, adjusted EBITDA of $458 million, free cash flow from continuing operations exceeding net income, interest expense of $80 million reflecting lower leverage, and a normalized tax rate of 28%, and disclosed key balance sheet metrics such as $110.4 million of cash, $1.3 billion of total debt, and a 2.2x net debt-to-EBITDA leverage ratio as of June 30, 2026.

Filing Facts

CIK

50725

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-052927

Alert Tier

7