GFF
Griffon Corporation76.80
-0.04-0.05%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
JV details affirm value unlock
Q&A unpacked the JV's value mechanics—$100M cash at 4x multiple, $160M 10% PIK second lien, Griffon 43% stake, end-June close—positioning it to scale consumer tools while spotlighting HBP. Management reaffirmed aggressive buybacks as priority with fresh liquidity atop 2.3x leverage, no material JV earnings drag. Hunter-HBP synergies emerged via commercial project shares and garage fans. No guidance shifts; residential volumes lag but premium mix endures. They'll stick with the pure-play build. Q&A adds execution color. Confident on housing rebound.
Key Stats
Market Cap
3.58BP/E (TTM)
70.46Basic EPS (TTM)
1.09Dividend Yield
0.01%Recent Filings
8-K
Shareholders elect full board
Griffon shareholders overwhelmingly elected its 11 director nominees at the February 18, 2026 Annual Meeting, with 88% turnout and For votes exceeding 37 million each despite some withholdings. They approved executive compensation on an advisory basis and ratified Grant Thornton as auditors for fiscal 2026. Board continuity locked in.
10-Q
Q1 FY2026 results
Griffon posted Q1 revenue of $649.1M, up 3% y/y from $632.4M, with HBP at $408.0M (+3%) on pricing yet softer residential volume, and CPP at $241.1M (+2%) via Australia and Canada gains. Operating income held steady at $113.4M, gross margins firm near 41%, but net income dipped to $64.4M or $1.41 diluted EPS from $70.9M or $1.49, reflecting no repeat of prior real estate gain and higher interest plus retiree plan charges—EPS reconciles cleanly to 45.8M shares. Cash flow delivered $99.3M FCF (derived), after $107.0M ops minus $7.7M capex, funding $60M Term Loan B paydown to $389M total debt and $30M buybacks. Solid. Announced AMES US/Canada JV for $100M cash plus $161.1M loan, 43% stake, closing by June 2026. Home Depot weighs 12% revenue.
8-K
Q1 results, CPP restructuring
Griffon reported Q1 revenue up 3% to $649.1M, net income of $64.4M or $1.41/share versus $70.9M or $1.49 last year, with adjusted net income edging higher to $66.3M or $1.45/share. Free cash flow hit $99M. Strongest move: JV with ONCAP for CPP's AMES U.S./Canada, strategic review for Australia/UK, Hunter Fan shift to HBP—now eyeing $1.8B FY26 revenue, $520M adjusted EBITDA from continuing ops. Debt down $60M.
10-K
FY2025 results
Griffon posted FY2025 revenue of $2.52B, down 4% y/y, with HBP steady at $1.58B while CPP dropped 10% to $936M from weak North American demand and tariff disruptions, though Australia grew. Gross margins held at 42.0% both years (adjusted), but $244M Q3 Hunter Fan impairments crushed net income to $51M ($1.09/share) from $210M ($4.23/share); adjusted EPS rose to $5.65 from $5.12. CPP's sourcing shift boosted adjusted EBITDA margins to 9.1% from 7.0%, yet Q4 momentum faltered on consumer softness. Debt fell to $1.42B with $99M cash and $486M revolver capacity; $52M capex and $135M buybacks continued. No annual guidance issued. Loss of Home Depot (10% revenue) could stall quarterly trends.
8-K
Griffon FY25 results: revenue dips
Griffon reported fiscal 2025 revenue of $2.5B, down 4% from prior year, with net income at $51.1M hit by $217.2M after-tax CPP impairments; adjusted net income rose to $263.6M and adjusted EBITDA climbed 2% to $522.3M. Generated $323M free cash flow to repurchase 1.9M shares for $134.7M and cut debt, trimming leverage to 2.4x. Cash flows strong. Guides FY2026 revenue flat at $2.5B, adjusted EBITDA $580M-$600M.
IPO
Website
Employees
Sector
Industry
HNI
HNI Corporation
41.05-0.50
JCI
Johnson Controls International
118.85+1.97
MAS
Masco Corporation
64.77-0.15
NX
Quanex Building Products Corpor
16.23+0.16
OC
Owens Corning Inc
113.70-1.31
ROCK
Gibraltar Industries, Inc.
50.90+0.09
SNA
Snap-On Incorporated
348.43-3.52
SWK
Stanley Black & Decker, Inc.
72.80-1.35
TTC
Toro Company (The)
72.65-0.83
UUU
Universal Safety Products, Inc.
4.98+0.02