other material
confidence high
sentiment positive
materiality 0.80
Griffon Q1 adj EPS $1.45; forms JV with ONCAP for AMES, explores alternatives
GRIFFON CORP
- Adjusted EPS $1.45 (up from $1.39); revenue $649M (+3%); adj EBITDA $129.6M (-1%).
- Definitive JV with ONCAP for AMES U.S. and Canada; exploring alternatives for AMES Australia/UK.
- AMS businesses to be reported as discontinued ops; Hunter Fan moving to HBP segment.
- Debt reduced $60M; net debt $1.26B; leverage 2.3x; free cash flow $99.3M.
- FY2026 outlook: revenue ~$1.8B, adj EBITDA $520M; free cash flow expected to exceed net income.