---
schema_version: "secwatch.filing_event.v1"
accession: "0000050725-24-000007"
form_type: "8-K"
ticker: "GFF"
cik: "0000050725"
company_name: "GRIFFON CORP"
filed_at: "2024-02-07T23:59:59+00:00"
generated_at: "2026-06-06T07:25:09.223765+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Griffon Q1 adjusted EPS $1.07 vs $0.86 YoY; revenue down 1% to $643M

## Summary
- Net income $42.2M ($0.82 GAAP EPS); adjusted net income $55.3M ($1.07 adjusted EPS), up from $0.86 YoY.
- Adjusted EBITDA $116.4M, up 7% YoY; HBP segment steady, CPP improved to $5.5M from $(1.8)M.
- Free cash flow $132.5M for Q1; share repurchases of $69.6M (1.6M shares at avg $42.61).
- Net debt $1.33B; leverage 2.5x vs 2.7x a year ago; $237.5M remaining buyback authorization.
- CPP global sourcing expansion on track; final facility expected to close by March 2024.

## SEC filing metadata
- accession: 0000050725-24-000007
- form_type: 8-K
- ticker: GFF
- cik: 0000050725
- company_name: GRIFFON CORP
- filed_at: 2024-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/50725/000005072524000007/0000050725-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/50725/000005072524000007/gff-20240207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000050725-24-000007
- JSON: https://secwatch.observer/filing/0000050725-24-000007.json
- Plain text: https://secwatch.observer/filing/0000050725-24-000007.txt

## Key facts
- Earnings Releases
  GRIFFON CORP reported the fiscal 2024 first quarter ended December 31, 2023 results: revenue $643.2 million, net income $42.2 million, EPS $0.82 per share.
  - Period: the fiscal 2024 first quarter ended December 31, 2023
  - Revenue: $643.2 million
  - Net income: $42.2 million
  - EPS: $0.82 per share
  - Result: reported results
  source text: Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal 2024 first quarter ended December 31, 2023. Revenue for the first quarter totaled $643.2 million, a 1% decrease compared to $649.4 million in the prior year quarter. Net income totaled $42.2 million, or $0.82 per share, compared to $48.7 million, or $0.88 per share, in the prior year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/50725/000005072524000007/0000050725-24-000007-index.htm

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