secwatch.observer — SEC 8-K summary
======================================

Issuer:     GRIFFON CORP (GFF)
CIK:        0000050725
Form:       8-K
Filed at:   2022-02-01T23:59:59+00:00
Accession:  0000050725-22-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Griffon Q1 EPS $0.31 misses $0.48 YoY; closes $845M Hunter Fan acquisition
--------------------------------------------------------------------------

- Revenue $591.7M (+9% YoY); GAAP EPS $0.31 vs $0.48; adjusted EPS $0.39 vs $0.50.
- Completed $845M Hunter Fan acquisition on Jan 24; expects ~$400M revenue, $90M EBITDA in first full year.
- Telephonics strategic review ongoing; sale anticipated by March 2022.
- CPP segment revenue -3% to $283.2M on supply chain; HBP +23% to $308.6M on pricing.
- Adjusted EBITDA $59.6M (-13% YoY); leverage 3.3x; $58M share repurchase remaining.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50725/000005072522000004/0000050725-22-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50725/000005072522000004/gff-20220201.htm
  HTML page:      https://secwatch.observer/filing/0000050725-22-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer