Quarterly ResultAug 5, 2026, 07:52 AM
Griffon Q3 Revenue $481.4M (+7%); Adjusted EPS $1.51 (+8.6%)
AI Summary
Griffon Corporation reported strong fiscal third-quarter results for 2026, with revenue increasing 7% to $481.4 million and adjusted EPS from continuing operations rising 8.6% to $1.51. The company also saw a 2% increase in adjusted EBITDA from continuing operations to $124.8 million. Griffon completed strategic joint ventures for AMES Australasia and AMES North America, receiving significant cash proceeds, and improved its net debt to EBITDA leverage to 2.2x. The company reaffirmed its fiscal 2026 outlook, expecting $1.8 billion in revenue and $458 million in adjusted EBITDA.
Key Highlights
- Q3 Revenue increased 7% to $481.4 million.
- Q3 Adjusted EPS from continuing operations rose 8.6% to $1.51.
- Q3 Adjusted EBITDA from continuing operations grew 2% to $124.8 million.
- Net debt to EBITDA leverage improved to 2.2x as of June 30, 2026.
- Repurchased 626 thousand shares for $53.2 million in Q3.
- Completed AMES Australasia joint venture, receiving $181 million cash.
- Completed AMES North America joint venture, receiving $100 million cash.
- Fiscal 2026 revenue outlook is $1.8 billion and adjusted EBITDA $458 million.
Price Impact
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