secwatch.observer — SEC 8-K summary
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Issuer:     GRIFFON CORP (GFF)
CIK:        0000050725
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000050725-23-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Griffon Q3 adj. EPS $1.29 beats; raises FY EBITDA guidance to $550M
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- Revenue $683.4M (-11% YoY); GAAP EPS $0.90; adjusted EPS $1.29 vs $1.23 YoY.
- Adjusted EBITDA $138.6M (+3% YoY); HBP segment adj. EBITDA up 12% to $134.3M.
- CPP revenue down 22%; announces global sourcing expansion with $120-130M charges over 18 months.
- FY 2023 adjusted EBITDA guidance raised to $550M from at least $525M; revenue reaffirmed at $2.7B.
- Repurchased 2.5M shares (4.4% of outstanding) at avg $33.58; $172.6M remaining on buyback authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50725/000005072523000045/0000050725-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50725/000005072523000045/gff-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000050725-23-000045

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