Griffon Corporation announces fiscal 2026 third-quarter results

Quarter ended June 30 revenue rose 7% to $481.4 million, with stronger profitability, lower leverage, completed AMES joint ventures and reaffirmed fiscal 2026 revenue and adjusted EBITDA outlook.

Summary

Griffon Corporation reported fiscal 2026 third-quarter revenue of $481.4 million for the period ended June 30, up 7% from $449.7 million a year earlier, while adjusted earnings per share of $1.51 and adjusted EBITDA of $124.8 million exceeded analyst estimates cited in the newer report. Income from continuing operations was $66.3 million, or $1.47 per share, compared with a loss from continuing operations of $108.7 million, or $2.40 per share, in the prior-year quarter, which included a large goodwill and intangible asset impairment. Griffon said it has substantially completed the strategic actions announced on February 5, 2026 and is now a pure play building products company, while reaffirming fiscal 2026 revenue from continuing operations of $1.8 billion and adjusted EBITDA of $458 million.

Terms & Concepts
  • Adjusted EBITDA: Earnings before interest, taxes, depreciation and amortization, adjusted for items affecting comparability, used by companies and investors to assess operating performance.
  • Net debt to EBITDA leverage ratio: A measure of indebtedness comparing net debt with EBITDA; Griffon reported 2.2x at June 30, 2026 under its credit agreement.
  • Paid-in-kind note receivable: A debt instrument on which interest is typically added to the principal instead of paid in cash; Griffon received such notes in its AMES joint venture transactions.