Quarterly ResultMay 7, 2026, 07:47 AM
Griffon Q2 Revenue $421.9M, Adj. EPS $1.05; Strategic Actions Progress
AI Summary
Griffon Corporation reported its fiscal second quarter 2026 results, with revenue decreasing 1% to $421.9 million and income from continuing operations falling to $46.9 million, or $1.03 per share. Adjusted diluted EPS remained flat at $1.05. The company is progressing with strategic actions to streamline its business into a pure-play building products company, including a joint venture for AMES U.S. and Canada, and maintained its financial guidance for fiscal year 2026.
Key Highlights
- Revenue for Q2 2026 decreased 1% to $421.9 million from $426.7 million in prior year.
- Income from continuing operations was $46.9 million, or $1.03 per share, down from $49.8 million, or $1.06 per share.
- Adjusted income from continuing operations was $48.1 million, or $1.05 per share, compared to $49.5 million, or $1.05 per share.
- Adjusted EBITDA from continuing operations decreased 4% to $97.8 million from $101.7 million.
- The company repurchased 0.4 million shares for $32.9 million at an average of $78.03 per share.
- Dividends paid were $0.22 per common share for the quarter.
- Fiscal year 2026 outlook for revenue from continuing operations is $1.8 billion and Adjusted EBITDA is $458 million.
- Strategic actions to streamline into a pure-play building products company are progressing, including a joint venture for AMES U.S. and Canada.