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

Issuer:     GRIFFON CORP (GFF)
CIK:        0000050725
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0000050725-22-000059
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Griffon Q3 adj EPS $1.23 vs $0.39; revenue $768M (+31%); closes Telephonics sale $330M
--------------------------------------------------------------------------------

- Revenue $768.2M (+31% YoY); organic growth +13% excluding Hunter acquisition's $105.8M contribution.
- Adjusted income from continuing ops $66.5M ($1.23/sh) vs $20.8M ($0.39/sh) a year ago.
- Home & Building Products revenue $405.5M (+56% YoY); segment Adj EBITDA $119.8M (+184%).
- Consumer & Professional Products revenue $362.6M (+12%) but Adj EBITDA fell 3% to $28.4M on volume declines.
- Closed Telephonics sale for $330M cash Jun 27; paid $2.00 special dividend Jul 20; strategic review ongoing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50725/000005072522000059/0000050725-22-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50725/000005072522000059/gff-20220728.htm
  HTML page:      https://secwatch.observer/filing/0000050725-22-000059

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