earnings
confidence high
sentiment neutral
materiality 0.65
Griffon Q2 revenue $421.9M (-1% YoY), adj. EPS $1.05 flat; reaffirms FY guidance
GRIFFON CORP
2026-Q2 EPS reported
$1.83
revenue$876,120,000
- Revenue $421.9M, -1% YoY; adj. EPS $1.05 (flat vs prior year $1.05).
- Adjusted EBITDA $97.8M, -4% YoY; net debt/EBITDA leverage 2.4x.
- Repurchased 0.4M shares for $32.9M at avg $78.03; $247M remaining under buyback.
- Strategic: AMES US/Canada JV with ONCAP expected to close by end of June 2026; exploring alternatives for AMES Australia/UK.
- FY2026 guidance reaffirmed: revenue ~$1.8B, adj. EBITDA ~$458M, interest expense ~$93M, tax rate 28%.