---
schema_version: "secwatch.filing_event.v1"
accession: "0000050725-23-000036"
form_type: "8-K"
ticker: "GFF"
cik: "0000050725"
company_name: "GRIFFON CORP"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:52:28.975073+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Griffon raises FY2023 EBITDA guidance to $525M; reports Q2 adjusted EPS $1.21 on $711M revenue

## Summary
- Q2 adjusted EPS $1.21 vs $1.36 YoY; revenue $711M (-9% YoY); GAAP loss $62.3M due to $132.8M impairment charges.
- CPP segment revenue -24% to $314.3M; adjusted EBITDA $19.6M (down from $47.8M).
- HBP segment revenue +8% to $396.7M; adjusted EBITDA +26% to $131.9M on favorable pricing and mix.
- FY2023 EBITDA guidance raised to at least $525M (prior $500M); revenue guidance cut to $2.7B from $2.95B.
- Dividend increased 25%; global sourcing expansion in CPP with estimated $120-130M charges through calendar 2024.

## SEC filing metadata
- accession: 0000050725-23-000036
- form_type: 8-K
- ticker: GFF
- cik: 0000050725
- company_name: GRIFFON CORP
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/50725/000005072523000036/0000050725-23-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/50725/000005072523000036/gff-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000050725-23-000036
- JSON: https://secwatch.observer/filing/0000050725-23-000036.json
- Plain text: https://secwatch.observer/filing/0000050725-23-000036.txt

## Key facts
- Earnings Releases
  GRIFFON CORP reported the fiscal 2023 second quarter ended March 31, 2023 results: revenue $711.0 million, net income a loss from continuing operations of $62.3 million, or $1.17 per share, EPS $1.21 per share. Guidance raised.
  - Period: the fiscal 2023 second quarter ended March 31, 2023
  - Revenue: $711.0 million
  - Net income: a loss from continuing operations of $62.3 million, or $1.17 per share
  - EPS: $1.21 per share
  - Guidance: raised
  - Result: reported results
  source text: Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal 2023 second quarter ended March 31, 2023. Revenue for the second quarter totaled $711.0 million, a 9% decrease compared to $779.6 million in the prior year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/50725/000005072523000036/0000050725-23-000036-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.