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

Issuer:     GRIFFON CORP (GFF)
CIK:        0000050725
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0000050725-24-000091
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Griffon Q3 revenue down 5% to $647.8M; net income falls to $41.1M; reaffirms FY guidance
--------------------------------------------------------------------------------

- Revenue $647.8M (-5% YoY); net income $41.1M ($0.84/share) vs $49.2M ($0.90).
- Adjusted EBITDA $125.5M (-9% from $138.6M); HBP segment EBITDA fell 12% to $118.5M.
- CPP segment EBITDA up 22% to $22.3M on improved production costs; global sourcing on track.
- Free cash flow $120M in Q3; debt reduced $80M; repurchased $19M stock; leverage 2.7x.
- Reaffirmed FY2024 guidance: revenue $2.65B, Adj EBITDA $555M, free cash flow to exceed net income.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50725/000005072524000091/0000050725-24-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50725/000005072524000091/gff-20240807.htm
  HTML page:      https://secwatch.observer/filing/0000050725-24-000091

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