secwatch.observer — SEC 8-K summary
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Issuer:     GRIFFON CORP (GFF)
CIK:        0000050725
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0000050725-22-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Griffon Q2 revenue $779.6M (+36% YoY); sells Telephonics for $330M cash
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- Revenue $779.6M (+36% YoY); adjusted EPS $1.37 vs $0.47; adjusted EBITDA $139.6M (+113%).
- HBP revenue $368.6M (+52%), CPP $411.0M (+24% incl. Hunter); Q2 net income $58.6M ($1.10).
- Definitive agreement to sell Telephonics to TTM for $330M cash; expected close in Q2 2022.
- Updated CPP strategic initiative: now expects $25M annual savings, $50M charges, $15M capex; complete by FY2022 end.
- Hunter acquisition completed Jan 24 for ~$845M; expects $400M revenue and $90M EBITDA in first full year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50725/000005072522000048/0000050725-22-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50725/000005072522000048/gff-20220428.htm
  HTML page:      https://secwatch.observer/filing/0000050725-22-000048

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