secwatch.observer — SEC 8-K summary
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Issuer:     GRIFFON CORP (GFF)
CIK:        0000050725
Form:       8-K
Filed at:   2021-07-29T23:59:59+00:00
Accession:  0000050725-21-000053
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Griffon Q3 revenue up 2% to $646.8M; net income falls to $0.31 EPS from $0.50
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- Adjusted net income $22.8M ($0.43 EPS) vs $25.9M ($0.59 EPS) prior year; diluted shares up 8.7M from Aug 2020 issue.
- CPP revenue down 1% to $324.8M; HBP up 18% to $259.4M; DE down 25% to $62.6M (ex-divestiture down 18%).
- Adjusted EBITDA $64.8M (-7% YoY); management cites raw material, transportation and labor cost headwinds.
- DE backlog $375M ($341M a year ago); trailing 12-month book-to-bill 1.1x; $84M in new awards in Q3.
- Balance sheet: cash $220.7M, debt $1.06B, net debt $834.9M; leverage 2.9x; $58M remaining in buyback authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50725/000005072521000053/0000050725-21-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50725/000005072521000053/gff-20210729.htm
  HTML page:      https://secwatch.observer/filing/0000050725-21-000053

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