GFF

Griffon’s second quarter was marked by strong execution despite a 21.6% year-over-year decline in sales, as the company outperformed Wall Street’s expectations on both revenue and non-GAAP earnings per share. The market responded positively, with investors encouraged by Griffon’s ability to deliver improved operating margins and free cash flow in the face of lingering softness in U.S. housing and commercial construction markets. CEO Ronald Kramer credited operational discipline and recent strategic actions, highlighting, "Our teams’ performance remains outstanding, showing resiliency, managing through dynamic global economic conditions, including soft U.S. housing and commercial construction markets." Is now the time to buy GFF? Find out in our full research report (it’s free). Revenue: $481.4 million vs analyst estimates of $457.8 million (7% year-on-year growth, 5.2% beat) Adjusted EPS: $1.51 vs analyst estimates of $1.34 (12.6% beat) Adjusted EBITDA: $124.8 million vs analyst estimates of $119.6 million (25.9% margin, 4.3% beat) The company reconfirmed its revenue guidance for the full year of $1.8 billion at the midpoint EBITDA guidance for the full year is $458 million at the midpoint, in line with analyst expectations Operating Margin: 23.6%, down from 25% in the same quarter last year Market Capitalization: $4.84 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Timothy Wojs (Baird): Asked if competitor consolidation in the overhead door market presented share gain opportunities. CEO Ronald Kramer and CFO Brian Harris said they are poised to capture demand and always seek to increase market share. Lee Jagoda (CJS Securities): Questioned growth drivers Griffon can control amid macro softness. Harris pointed to ongoing product innovation, while Kramer stressed their focus on premium and repair/remodel segments. Collin Verron (Deutsche Bank): Probed details behind the 6% price/mix benefit and future expectations. Harris clarified price and mix each contributed equally this quarter, with price increases aimed at offsetting inflation. Trey Grooms (Stephens): Sought clarity on timing and sustainability of margin improvement. Harris said most price-cost catch-up should occur next quarter, with more details in November; Kramer highlighted long-term operating leverage. Julio Romero (Sidoti & Company): Inquired about commercial product positioning in secular growth markets like data centers. Harris described current deployments and continued innovation, while Kramer noted growing project inquiries and longer-term growth potential. In the quarters ahead, the StockStory team will be monitoring (1) signs of renewed demand in U.S. housing and commercial construction, (2) the impact of recent product launches and price increases on segment performance and margins, and (3) further progress in capturing share within premium and high-growth commercial end markets. Execution on capital allocation and continued cost management will also be key to sustaining profitability. Griffon currently trades at $106.77, up from $93.58 just before the earnings. Is there an opportunity in the stock? See for yourself in our full research report (it’s free for active Edge members). WHILE YOU’RE HERE: Top 9 Market-Beating Stocks. The best stocks don’t just beat the market once. They do it again. And again. Robust revenue growth, rising free cash flow, returns on capital that leave their competition in the dust. The market has already rewarded these businesses. But our AI platform says the party isn’t over. Find out which 9 stocks made the cut this week — FREE. Get Our Top 9 Market-Beating Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,552% between June 2020 and June 2025). Find your next big winner with StockStory today.

Image source: The Motley Fool. Wednesday, August 5, 2026 at 8:30 a.m. ET Chairman and Chief Executive Officer - Ronald Kramer Chief Financial Officer - Brian Harris Need a quote from a Motley Fool analyst? Email [email protected] Operator: Good day, and welcome to the Griffon Corporation Fiscal Third Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Brian Harris, CFO. Please go ahead. Brian Harris: Thank you. Good morning, and welcome to Griffon Corporation's Third Quarter Fiscal 2026 Earnings Call. Joining me for this morning's call is Ron Kramer, Griffon's Chairman and Chief Executive Officer. Our press release was issued earlier this morning and is available on our website at www.griffon.com. Today's call is being recorded, and the replay instructions are included in our earnings release. Our comments will include forward-looking statements about Griffon's performance. These statements are subject to risks and uncertainties that can change as the world changes. Please see the cautionary statements in today's press release and in our SEC filings. Finally, some of today's remarks will adjust for items that affect comparability between periods. These items are explained in our non-GAAP reconciliations included in our press release. With that, I'll turn the call over to Ron. Ronald Kramer: Thanks, Brian. Good morning, everyone, and thanks for joining us. Griffon has executed particularly well this quarter, which is reflected in today's solid operational and financial results. In the quarter, revenue increased organically by 7% and EBITDA by 2%, while generating strong year-to-date free cash flow of $194 million. Given our performance for the first 9 months of the fiscal year, we're maintaining our revenue and EBITDA guidance for the year of $1.8 billion and $458 million, respectively. Our team's performance remains outstanding, showing resiliency, managing through dynamic global economic conditions, including soft U.S. housing and commercial construction markets. Regarding our strategic actions, earlier this week, we were very pleased to announce the closing of the joint venture for our Australasia business. At closing, we received $181 million in cash, a $49 million note receivable and a 49% equity interest. The closing of the Australasia transaction concludes a series of strategic actions that have transformed Griffon into a pure-play building products company. From these transactions, we received a total of $281 million in cash, $210 million in 10% PIK notes while retaining minority interest with a book value of $139 million and an opportunity for further value creation. Turning to capital allocation. During the third quarter, we repurchased $53 million of our stock or 626,000 shares at an average price of $85 per share. At June 30, $194 million remained under the repurchase authorization. We continue to believe our stock is a compelling value. Since April 2023 and through June, we've repurchased $664 million of stock or 12.1 million shares at an average price of $54.86. These repurchases have reduced Griffon's outstanding shares by 21% relative to the total shares outstanding at the end of the second quarter of fiscal 2023. Subsequent to the June quarter, we repaid the remaining Term Loan B balance of $285 million using a combination of proceeds from our strategic actions and our revolver. Also yesterday, the Griffon Board authorized a regular quarterly dividend of $0.22 per share payable on September 16 to shareholders of record on August 31, marking the 60th consecutive quarterly dividend to shareholders. Our dividend has grown at an annualized compounded rate of 19% since we initiated dividends in 2012. These actions reflect the strength of our business, the successful execution of our strategic initiatives and our continued confidence in our strategic plan and outlook. I'll turn it over to Brian for more details on the financial results. Brian Harris: Thank you, Ron. Third quarter revenue of $481 million represents an increase of 7% compared to the prior year quarter, benefiting from favorable price and mix of 6% and increased volume of 1%. Third quarter adjusted EBITDA of $125 million increased 2% compared to the prior year quarter, benefiting from the increased revenue, partially offset by increased material and SG&A costs. EBITDA margin was 25.9%. Gross profit for the quarter was $226 million with a 47% gross margin compared to $219 million in the prior year quarter with gross profit margin of 48.7%. Third quarter adjusted selling, general and administrative expenses were $111 million or 23% of revenue compared to the prior year of $106 million or 23.7% of revenue. Third quarter GAAP income from continuing operations was $66 million or $1.47 per share compared to a loss from continuing operations of $109 million in the prior year quarter or $2.40 per share, primarily due to prior year third quarter goodwill and intangible impairment charges. Excluding items that affect comparability from both periods, current quarter adjusted net income from continuing operations was $68 million or $1.51 per share compared to the prior year of $64 million or $1.39 per share. Year-to-date, free cash flow from continuing operations was $194 million compared to $202 million in the prior year. Year-to-date, net capital expenditures were $24 million compared to $32 million in the prior year. We expect free cash flow continuing operations for the full fiscal year will be in excess of income from continuing operations. Regarding our balance sheet and liquidity, as of June 30, 2026, we had net debt of $1.2 billion and net debt-to-EBITDA leverage of 2.2x as calculated based on our debt covenants compared to 2.5x leverage at the end of last year's third quarter. During the first 9 months of the fiscal year, we returned $135 million to shareholders through dividends and stock buybacks, while reducing leverage from 2.4x in September 2025 to 2.2x at the end of June. All leverage amounts exclude receivable -- notes receivable from the transaction. Pro forma for the closing of the Australia transaction on July 31, our net leverage is approximately 2.0x. With the strategic initiatives substantially complete and the Term Loan B paid off, our new net debt-to-EBITDA leverage target range is 1.5x to 2.5x. Regarding our expectations for the year, we are maintaining our fiscal 2026 revenue and EBITDA guidance based on the results we have seen year-to-date. We continue to expect revenue of $1.8 billion for fiscal 2026 on a continuing operations basis and adjusted EBITDA of $458 million, which excludes certain charges that affect comparability. We continue to expect free cash flow from continuing operations to exceed net income from continuing operations. We also continue to expect capital expenditures to be $50 million, depreciation to be $27 million and amortization to be $15 million. Fiscal year 2026 interest expense is now expected to be $80 million, reflecting a $13 million reduction from prior guidance, resulting from debt paydown and the benefit of interest income from the transaction PIK note receivables. Normalized tax rate is expected to be 28%. Now I'll turn the call back over to Ron. Ronald Kramer: Thanks, Brian. Our fiscal 2026 remains on track with our guidance. Our teams are executing well as evidenced by our solid operating performance this quarter and year-to-date. We remain confident in our financial outlook. We're optimistic that residential and commercial markets will return to growth and expect to realize substantial operating leverage as activity improves. With respect to capital allocation, we are committed to using our strong operating performance and free cash flow to drive a capital allocation strategy that delivers long-term value for our shareholders. This includes supporting our quarterly dividend, opportunistically repurchasing shares and reducing debt. As always, I'd like to recognize the outstanding efforts of the teams across our business. It's their dedication and performance that drive our success. We're grateful for all of their contributions. Operator, we'll take any questions. Operator: [Operator Instructions] The first question is from Tim Wojs with Baird. Timothy Wojs: Maybe just on the first one -- first question I had. I think in the overhead door business, one of your competitors is going through some consolidation efforts, and our understanding is they've had some issues manufacturing and shipping. Is that anything that -- I guess, is that something that you're seeing in the marketplace? And is that an opportunity for you from a share perspective? Brian Harris: We remain more than capable to fulfill demand that is out there. We continue to perform well in the market and trust our dealers, our customers to -- and sell our products well and continue to benefit from that. Ronald Kramer: And we're always looking to increase market share. Timothy Wojs: Okay. And then I guess on the business, I mean, 6% price/mix. It sounds like volume is up a little bit. Just any additional color on just how kind of the individual pieces performed, whether it's kind of replacement in residential or the commercial market, just what performed better versus the overall average? Brian Harris: Sure. So door volume for the quarter was down slightly, driven by residential, and this was more than offset by the fan volume, leaving our commercial volume flat. Operator: The next question is from Bob Labick with CJS Securities. Lee Jagoda: It's Lee Jagoda for Bob this morning. Just starting on the residential side, what are some of the growth drivers within your control to drive potentially some top line while we wait for housing starts and the macro? Brian Harris: Yes. We continue to execute on innovation coming out with new products that have had good take in the market. Our designs over the last decade have brought our company and the entire door industry up to scale, and we continue to perform on that basis. And we are ready for any turn in volume that comes with a better housing market. Ronald Kramer: And I'd also add that Clopay is best-in-class both in terms of product, service and national footprint. And part of the dichotomy in the economy is the premium market continues to do well. And we are very focused on the repair and remodel side of the premium, better, best category, and that continues to do well in an otherwise sluggish U.S. housing market. We continue to believe that there's upside in both transaction volume and ultimately, new home construction that we'll be a beneficiary of, but it's a small part of our overall picture today. Lee Jagoda: And then on the commercial side, can you speak to how the commercial replacement cycle is similar or different to the residential side and where we stand in that cycle today? Brian Harris: Generally, the replacement cycle on the commercial side is shorter. So we deem it as approximately 7 years depending on the product and location it's installed. New construction is relatively low compared to prior years, but we have a large install base. And when new construction is lower, generally replacement and refurbishment of existing facilities is higher. Operator: The next question is from Collin Verron with Deutsche Bank. Collin Verron: I just wanted to dive a little bit further into the price/mix in the quarter. It was very strong at 6% again. I mean, can you just break out the benefit between price versus mix and sort of how you're thinking about those components going forward? I know mix can be a little bit volatile quarter-to-quarter. Brian Harris: Yes. So for the quarter, price and mix were approximately equal. And looking forward, we had a price increase during the quarter. So that will continue to effectuate as we get through backlog. Mix is hard to predict. But as we continue to bring new products to market, we continue to expect good mix. Collin Verron: Great. That's helpful. And then just on the cost side, any help in thinking about the magnitude of COGS inflation that you guys are seeing in your expectations as you look out into the September quarter and maybe the beginning parts of fiscal year '27? Brian Harris: Sure. So obviously, all our expectations are in our guidance. We had the price increase, as I just mentioned, that was to offset increases in raw material, labor, energy, distribution and logistics costs. And we expect that, that price increase and our margin -- the pricing increase will keep our margins at 25% plus. Operator: The next question is from Trey Grooms with Stephens. Trey Grooms: Congrats on the nice results. Yes, so I wanted to kind of follow up with the price cost question. And you've got the price increase in place. Raw materials, there has been some fluctuation. I know there's typically a lag there. I think we have a decent idea of how you're thinking about 4Q. But all else equal, now that we have these things in place, as we look into next year, do you expect to see maybe a little more catch-up as we get into the fiscal 1Q or 2Q? Or do you feel like most of that kind of price cost catch-up is going to occur in 4Q? Brian Harris: So most of that should occur in 4Q, but of course, you're lapping as the year goes into next year. We feel like we've put an appropriate price increase based on the inflationary costs, and we'll provide further guidance in November. Trey Grooms: Okay. Fair enough. Just trying to get an idea for the trajectory there as maybe we look a little bit further out, but that's fair enough. So maybe thinking about this a little bit longer term. Now as a pure-play building products company, I know there's going to be leverage in the business as we kind of look forward over the longer term. And as we get into a position where demand begins to improve, how are you thinking about these businesses over the longer term, kind of the incremental margin as we are looking at the business as it stands today, pure-play building products. Within those 2, how do you think about the longer-term kind of incremental margin opportunities as demand improves because -- you guys are putting up good results in a market that's operationally demanding -- the demand is relatively challenged. Ronald Kramer: Look, I think you have to look at where we've come from, the evolution of the business and Clopay is now both residential, commercial and the drivers of both of those engines are going to be better in a better economy and a better housing market. Our results are both excellent given the circumstances and the environment that we've been operating in. And what you should take away is that our balance sheet is positioned for us to continue to grow the business. We have modest leverage on the company today, and we have significant operating leverage in the businesses. So with any incremental growth in volume, you should expect us to have significantly higher free cash flow. And that is exactly the way we've positioned the company for the long run. Operator: The next question is from Sam Darkatsh with Raymond James. Sam Darkatsh: Yes, 2 questions. The first one is, how did the quarter progress as we moved from April into June? And then specifically, how does July look versus the trajectory of the rest of the quarter? Brian Harris: Sure. So generally, as we move out of the winter season through the spring and into the summer, the months progress and continue to get better in our normal seasonality, and that's exactly what we saw. And we expect our fourth quarter to be our high point as it normally is, and Q1 generally is similar to Q4. Ronald Kramer: And trends in July continue. Sam Darkatsh: Good to hear. And then my follow-up question, given the smaller operating footprint post AMES, any thoughts in terms of the corporate overhead on a go-forward basis? Brian Harris: Sure. So we regularly review all our costs, and we'll continue to do so. Our guidance assumes EBITDA margin of 25% plus, and that includes all costs. Operator: The next question is from Julio Romero with Sidoti & Company. Julio Romero: Congrats on the execution and being a pure-play building products company. And a lot of good questions this morning. I wanted to dive into more along Trey's line of questioning on the pure-play story going forward and then your product positioning, particularly on the commercial side. You have best-in-class garage doors and part of that is the innovation that you have in your doors. Can you maybe discuss how your doors can play a part in some of the emerging secular growth end markets that are out there, data centers, semiconductor, pharma over the medium to longer term? Brian Harris: Sure. So our products do play in all those spaces and data centers, it's both entry and fire protection inside the facility. Our doors are used as partitions. In pharmacy and other tight places, our doors are used for security. We have actually very high-end secure doors that can even be used in embassies and places like that, and we continue to innovate and we'll continue to have product launches that meet the needs of both commercial and residential needs. Ronald Kramer: And to meet that demand, we've been building up an architectural sales force, getting significantly more inquiries. And it's our belief that over time, our commercial business is going to grow in addition to the recovery in the U.S. housing market on the residential side. So the commercial, everything you've identified are avenues of growth for us on the commercial side of the business. Julio Romero: That's great color, Ron. And do you get specced into those projects? And if so, how far out does your visibility extend? Ronald Kramer: Longer lead time. And as I said, we're seeing a meaningful increase in the number of inquiries, which will lead to bids. So it's a longer process, but we're very confident about what the future of that business is going to look like. Operator: The next question is from Jeffrey Stevenson with Loop Capital. Jeffrey Stevenson: You reported a nice step-up in sequential EBITDA margin during the quarter. And was this driven by the sequential volume improvement you saw? Was that the primary driver? Did you see incremental price realization as well from the spring Clopay price increases? Brian Harris: Yes, it was definitely more from volume and mix. Price, we look at it as offsetting cost. And generally, our Q3 does see better volume compared to our Q2, as Q2 is our lowest volume quarter in the winter. Jeffrey Stevenson: Great. And then congrats on the close of the Australian JV. And you have large cash proceeds from both that and the North America joint venture as well. And just wonder, should we expect a balanced mix of share repurchases and debt paydown in line with your kind of historical capital strategy? Brian Harris: So from a free cash flow standpoint, we have a balanced approach between return of capital to shareholders and debt reduction. The money from the transactions was used to pay off our TLB. So that specifically was used for debt reduction. Operator: This concludes the question-and-answer session. I would like to turn the conference back over to Ron Kramer, CEO, for any closing remarks. Ronald Kramer: We're encouraged by the outlook for our business and the momentum we've been building through our transformation. We've accomplished a lot, and we're positioned for continued growth and long-term value for our shareholders. Looking forward to talking to you again in November. Thanks. Operator: The conference is now concluded. Thank you for attending today's presentation. You may now disconnect. Before you buy stock in Griffon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Griffon wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $403,337!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,334,946!* That performance is why people listen. With a track record of beating the S&P 500 by 4x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of August 12, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Griffon (GFF) Q3 2026 Earnings Call Transcript was originally published by The Motley Fool

In early August 2026, Griffon Corporation reported fiscal third-quarter 2026 results showing higher sales of US$481.37 million and a swing to net income of US$51.63 million, while reaffirming its full-year revenue guidance of US$1.8 billion, continuing share repurchases under its 2016 program, and declaring a regular US$0.22 quarterly dividend. The completion of a long-running buyback that has retired 14,272,085 shares for US$707.63 million, alongside the company’s evolution into a pure-play building products business, highlights how capital returns and portfolio reshaping are reshaping Griffon’s earnings profile and balance sheet priorities. With Griffon maintaining its 2026 revenue outlook alongside stronger quarterly earnings, we’ll examine how this supports and tests its investment narrative. This technology could replace computers: discover 26 stocks that are working to make quantum computing a reality. To own Griffon, you need to believe its pure-play building products focus and disciplined capital returns can support earnings even if residential and commercial spending stay uneven. The latest quarter’s solid profit and reaffirmed US$1.8 billion revenue guidance support that view, but do not materially change the near term tension between relying on pricing and mix to protect margins and the risk that weak consumer demand or higher tariffs could still pressure revenue and earnings. The completion of the 2016 buyback, with 14,272,085 shares retired for US$707.63 million including 625,788 shares in the latest quarter, is the announcement that stands out here. It tightens the share count just as earnings recover, amplifying per share results, but it also raises the stakes if consumer and professional demand in core building categories remains soft and pricing cannot fully offset any renewed volume pressure. Yet against these positives, investors still need to consider how exposed Griffon remains if consumer demand stays weak and tariffs rise... Read the full narrative on Griffon (it's free!) Griffon's narrative projects $2.0 billion revenue and $320.6 million earnings by 2029. Uncover how Griffon's forecasts yield a $118.43 fair value, a 10% upside to its current price. Two Simply Wall St Community fair value estimates span about US$118.43 to US$133.13, underscoring how differently individual investors can view the same numbers. Set against that diversity, Griffon’s reliance on pricing and mix to offset potential volume weakness in building products is a key factor that could influence which of these views proves closer to reality, so it is worth weighing several perspectives before deciding how the recent results fit your own expectations. Explore 2 other fair value estimates on Griffon - why the stock might be worth as much as 24% more than the current price! Don't just follow the ticker - dig into the data and build a conviction that's truly your own. A great starting point for your Griffon research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision. Our free Griffon research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Griffon's overall financial health at a glance. Early movers are already taking notice. See the stocks they're targeting before they've flown the coop: Find 52 companies with promising cash flow potential yet trading below their fair value. Uncover the next big thing with 20 elite penny stocks that balance risk and reward. Capitalize on the AI infrastructure supercycle with our selection of the 56 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include GFF. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Robert F. Mehmel, the president and COO of Griffon Corporation (NYSE:GFF), sold 37,061 shares of common stock on August 5 and August 6, according to an SEC Form 4 filing. Transaction value based on SEC Form 4 weighted average sale price ($103.32); post-transaction value based on August 6, 2026 market close ($106.30). What is the scale of Mehmel's remaining equity position?Following this transaction, the president and COO retains close to 753,000 total shares (including direct and indirect holdings), representing an equity position valued at $80.05 million as of the August 6 market close. How does the weighted average execution price compare to current market valuation?The 37,061 shares were sold at a weighted average price of $103.32, which is approximately 2.8% below the closing price of $106.30 recorded on August 6. What is the nature of the remaining indirect holdings?The executive's indirect position consists of 4,219 shares held through an Employee Stock Ownership Plan, which remained unchanged following this transaction. Griffon Corporation develops and distributes a comprehensive range of consumer, professional, and home & building products through its various subsidiaries, serving both residential and commercial clients across the United States, Europe, Canada, Australia, and other international markets. The company operates through its Consumer and Professional Products division, generating revenue by manufacturing and distributing specialized products designed for both consumer and professional end-users in the construction materials and home improvement sectors. Griffon's primary customers include residential and commercial construction professionals, home improvement retailers, and end-consumers seeking quality building and home products across its diversified geographic footprint. Griffon Corporation is a global enterprise with a market capitalization of $4.9 billion, positioning itself as a significant player in the construction materials and home & building products sector. Trading at $106.30 as of August 6, 2026, the stock has appreciated 50% over the preceding twelve months, indicating robust investor confidence in the company's strategic execution and market positioning. Often, executives who sell into a surging stock are trimming a modest holding, but Mehmel is working from a deep one, keeping roughly 753,000 shares, worth about $80 million, even after this sale. That scale is the context that matters because parting with 37,000 shares as the price spiked on earnings looks like a long-tenured operator taking a little off a large position, not stepping away from it. The earnings that lifted the stock, meanwhile, were solid. Griffon grew fiscal third-quarter revenue 7% to $481 million and reaffirmed full-year guidance of $1.8 billion in revenue and $458 million in adjusted EBITDA. Alongside the results, management set a new leverage target of 1.5 to 2.5 times net debt to EBITDA, the firm said on its earnings call, a signal it sees its balance sheet in better shape after years of heavier borrowing. And that debt load is still the thing to watch: Griffon carries well over a billion in long-term debt, and the new target only matters if softer demand doesn't undercut the cash flow paying it down Before you buy stock in Griffon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Griffon wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $399,724!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,374,595!* Now, it’s worth noting Stock Advisor’s total average return is 967% — a market-crushing outperformance compared to 215% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of August 8, 2026. Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. A Griffon Insider Sold Into an Earnings Jump but Kept $80 Million in Stock. Here's What to Know was originally published by The Motley Fool

Chief Financial Officer Brian G. Harris reported a sale of 11,050 shares of Griffon Corporation (NYSE:GFF) on August 5, according to an SEC Form 4 filing. Transaction value based on SEC Form 4 weighted average sale price ($103.27); post-transaction value based on the August 5 market close ($102.81). How does this disposition align with the insider's total equity exposure?Following the sale of 8% of his direct holdings, Brian G. Harris retains close to 139,000 total shares, representing a beneficial ownership value of $14.28 million as of the August 5 market close. What were the execution details for the reported sale?The transaction was executed in multiple trades at weighted-average prices ranging from $103.00 to $104.05 per share, according to the transaction footnotes. What is the current scale of Griffon Corporation's operations?Griffon Corporation maintains a market capitalization of $4.9 billion and reported trailing-twelve-month revenue of $2.5 billion. How has the stock performed leading up to this transaction?As of the transaction date, the stock has appreciated close to 50% over the trailing 12 months and was priced at $106.30 as of the August 6 market close. Griffon Corporation manufactures and distributes a comprehensive portfolio of consumer, professional, and home & building products through its global subsidiaries, generating revenue across residential and commercial markets in North America, Europe, Australia, and other international territories. The company operates through its Consumer and Professional Products division, which develops and commercializes a wide spectrum of branded products designed for both residential and commercial applications, generating revenue through direct sales, distribution partnerships, and retail channels. Griffon serves a diversified customer base, including homeowners, professional contractors, commercial enterprises, and retail distributors, positioning itself as a comprehensive supplier of construction materials and home improvement products across multiple end markets. Griffon Corporation is a diversified global enterprise with a market capitalization of $4.9 billion. The company leverages its extensive product portfolio and international distribution network to maintain competitive positioning in the construction materials and home & building products sectors. With a one-year share price appreciation of 50%, Griffon demonstrates strong market performance driven by operational execution and favorable market conditions in its core end markets. Three top Griffon executives reported selling into the same earnings-day jump, so this reads less like one person's decision and more like the leadership team collectively cashing in on a spike. And to be fair, Griffon's fiscal third quarter gave them a strong opening. Revenue rose 7% to $481 million, adjusted earnings reached $1.51 a share, and the company reaffirmed its full-year targets of $1.8 billion in revenue and $458 million in adjusted EBITDA. The company has also leaned hard on returning cash to shareholders, buying back more than 12 million shares since April 2023. So, ultimately, Griffon has spent years buying its own stock while three of its most senior people sold theirs into a single post-earnings pop, a contrast that speaks more to personal timing at a high than to anything about how the business is holding up.Shares jumped 10% on the day of the report and climbed another 3% on Friday. They’re now up over 50% this past year and hitting new record highs. That bodes well for shareholders, including the executives whose incentives are aligned with performance. Before you buy stock in Griffon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Griffon wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $399,724!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,374,595!* Now, it’s worth noting Stock Advisor’s total average return is 967% — a market-crushing outperformance compared to 215% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of August 8, 2026. Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Three Griffon Executives Sold Into an Earnings Pop. Here's What to Know was originally published by The Motley Fool

Ronald J. Kramer, the chairman of the board and CEO of Griffon Corporation (NYSE:GFF), sold 100,000 shares of common stock on August 5, according to a recent SEC Form 4 filing. Transaction value based on SEC Form 4 weighted average sale price ($102.42); post-transaction value based on the August 5 market close ($102.81). What was the execution range for this disposal?The shares were sold in multiple tranches with prices ranging from $100 to $104.60 per share, resulting in the reported weighted average of $102.42. How is the remaining indirect ownership structured?Post-transaction indirect holdings of 45,538 shares are divided between 5,240 shares held by an Employee Stock Ownership Plan (ESOP) and 40,298 shares held by the insider's spouse. How does the current market price compare to the transaction level?As of the August 6 market close, shares were priced at $106.30, which is 3.8% higher than the CEO's weighted average exit price from the previous day. Griffon Corporation develops and distributes a comprehensive portfolio of consumer, professional, and home & building products through its subsidiaries, generating revenue from both residential and commercial client segments across North America, Europe, Australia, and international markets. The company operates a diversified business model centered on its Consumer and Professional Products division, which manufactures and sells specialized products for both consumer and commercial end-markets, generating recurring revenue through direct sales and distribution channels. Griffon's primary customers include residential consumers, professional contractors, commercial builders, and institutional clients who rely on the company's product offerings for construction, home improvement, and professional applications across multiple geographies. Griffon Corporation is a global enterprise with a market capitalization of $4.9 billion, positioning it as a significant player in the construction materials and consumer products sector. The company's diversified product portfolio and international operational footprint provide multiple revenue streams and geographic diversification, enabling the company to serve varied end-markets and customer segments. Griffon demonstrates operational scale and profitability while maintaining exposure to structural growth drivers in residential construction and professional markets. Kramer sold 100,000 shares outright on the open market, in tranches from $100 to $104.60, on the same day Griffon reported earnings that sent the stock sharply higher. Selling into your own good news reads as an executive taking money off the table at a high, though it barely dents his position, since the sold shares came out of a far larger holding and he retains stock directly plus more through a spouse and the employee plan.The report he sold into was strong. Fiscal third-quarter revenue rose 7% to $481 million, and the company swung to $66 million in income from continuing operations against a large loss a year earlier, when a $243.6 million impairment hit the comparison. Adjusted earnings reached $1.51 a share, and Griffon said it expects full-year revenue of $1.8 billion. "Griffon has executed particularly well this quarter, which is reflected in today's solid operational and financial results," Kramer said as he announced earnings this week, noting that the company's strategic actions, including the formation of joint ventures for AMES Australasia and AMES North America, which resulted in equity stakes and cash, alongside a PIK note receivable and debt receivable. Before you buy stock in Griffon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Griffon wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $399,724!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,374,595!* That performance is why people listen. With a track record of beating the S&P 500 by 4x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of August 8, 2026. Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Griffon's CEO Sold Into an Earnings Pop. Here's What Long-Term Investors Should Know was originally published by The Motley Fool

Interested in Griffon Corporation? Here are five stocks we like better. Q3 performance improved: Revenue rose 7% year over year to $481 million, while adjusted EBITDA increased 2% to $125 million. Adjusted earnings reached $1.51 per share, up from $1.39, despite weak housing and commercial construction markets. Full-year guidance reaffirmed: Griffon maintained its fiscal 2026 targets of $1.8 billion in revenue and $458 million in adjusted EBITDA, while lowering expected interest expense to $80 million following debt repayment. Strategic shift and shareholder returns advanced: The Australasia transaction and repayment of the remaining $285 million term loan strengthened the balance sheet, reducing pro forma net leverage to about 2.0 times. Griffon also repurchased $53 million of stock in the quarter and declared a $0.22 quarterly dividend. These 7 Stocks Surged Double-Digits and Have Double-Digits to Go Griffon (NYSE:GFF) reported fiscal third-quarter revenue growth and higher adjusted earnings as the company continued its transformation into a pure-play building products business, while maintaining its full-year outlook amid soft U.S. housing and commercial construction markets. For the quarter, revenue increased 7% year over year to $481 million, driven by 6% favorable price and mix and a 1% increase in volume. Adjusted EBITDA rose 2% to $125 million, producing an adjusted EBITDA margin of 25.9%. → Sandisk Just Delivered a Blowout Quarter—Here's Why the Stock Is Falling Chairman and Chief Executive Officer Ron Kramer said the company’s teams had executed well despite “dynamic global economic conditions,” including weakness in housing and commercial construction. Griffon generated $194 million of year-to-date free cash flow from continuing operations through June 30, compared with $202 million in the prior-year period. Third-quarter gross profit was $226 million, compared with $219 million a year earlier, though gross margin declined to 47.0% from 48.7%. Adjusted selling, general and administrative expense increased to $111 million from $106 million, while declining as a percentage of sales to 23.0% from 23.7%. → 4 Oil and Gas ETF Plays as Prices Stay Sky-High GAAP income from continuing operations totaled $66 million, or $1.47 per share, compared with a loss of $109 million, or $2.40 per share, in the prior-year quarter. The prior-year result was primarily affected by goodwill and intangible impairment charges. Adjusted net income from continuing operations rose to $68 million, or $1.51 per share, from $64 million, or $1.39 per share, a year earlier. Griffon reaffirmed its fiscal 2026 guidance for $1.8 billion in revenue and $458 million in adjusted EBITDA from continuing operations. The company also expects free cash flow from continuing operations to exceed income from continuing operations. → No Hangover: Revisiting Microsoft One Week After Earnings The company continues to project $50 million in capital expenditures, $27 million in depreciation and $15 million in amortization for the fiscal year. It reduced its expected interest expense to $80 million, down $13 million from prior guidance, reflecting debt repayment and interest income from transaction-related payment-in-kind notes receivable. Griffon expects a normalized tax rate of 28%. Kramer said Griffon closed its Australasia joint venture earlier in the week. At closing, the company received $181 million in cash, a $49 million note receivable and a 49% equity interest. The transaction completed a series of strategic actions that Kramer said transformed Griffon into a pure-play building products company. Across the transactions, Griffon received $281 million in cash and $210 million in 10% payment-in-kind notes, while retaining minority interests with a book value of $139 million. Following the quarter, Griffon repaid the remaining $285 million balance on its term loan B using proceeds from strategic actions and its revolving credit facility. As of June 30, net debt was $1.2 billion and net debt-to-EBITDA leverage was 2.2 times, compared with 2.5 times at the end of the prior-year third quarter. On a pro forma basis for the Australasia transaction’s July 31 closing, net leverage was approximately 2.0 times. With strategic initiatives substantially complete and the term loan B repaid, the company established a new net debt-to-EBITDA leverage target range of 1.5 times to 2.5 times. During the third quarter, Griffon repurchased $53 million of stock, representing 626,000 shares at an average price of $85 per share. The company had $194 million remaining under its repurchase authorization as of June 30. Since April 2023 through June, Griffon has repurchased $664 million of stock, or 12.1 million shares, at an average price of $54.86 per share. Kramer said those repurchases reduced shares outstanding by 21% relative to the share count at the end of the second quarter of fiscal 2023. The board also authorized a quarterly dividend of $0.22 per share, payable Sept. 16 to shareholders of record Aug. 31. The payment will mark Griffon’s 60th consecutive quarterly dividend. Kramer said the dividend has increased at a 19% annualized compounded rate since the company began paying dividends in 2012. Chief Financial Officer Brian Harris said door volume declined slightly during the quarter, driven by residential demand, while fan volume more than offset that decline and left commercial volume flat. Price and mix each contributed approximately equally to the 6% price-and-mix benefit, he said. Griffon implemented a price increase during the quarter to offset higher raw material, labor, energy, distribution and logistics costs. Harris said the increase will continue to take effect as the company works through backlog and is expected to support EBITDA margins above 25%. Kramer said Clopay remains focused on the premium repair-and-remodel market, which he said has continued to perform well even as the broader housing market remains sluggish. The company also sees potential operating leverage if residential construction and broader economic activity improve. On the commercial side, Harris said the replacement cycle is generally shorter than in residential markets, at roughly seven years depending on the product and installation location. While commercial new construction remains low relative to earlier years, he said a large installed base can support replacement and refurbishment demand. Management also cited commercial opportunities in data centers, semiconductor facilities, pharmaceutical applications and high-security settings. Kramer said Griffon has been expanding its architectural sales force and is seeing a meaningful rise in inquiries that could lead to bids, though such projects have longer lead times. Griffon Corporation (NYSE:GFF) is a diversified management and holding company whose subsidiaries design, manufacture and market products for residential, commercial and defense applications. Operating through three primary platforms—Home & Building Products, Defense Electronics and Specialty Industrial—Griffon's portfolio spans consumer and industrial brands with a focus on long-lived products and recurring aftermarket opportunities. In the Home & Building Products segment, Griffon's Clopay Building Products division is a leading North American manufacturer of residential and commercial garage doors, specializing in steel, fiberglass and composite designs as well as decorative carriage-house styles. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Griffon Q3 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Griffon Corporation GFF reported third-quarter fiscal 2026 (ended June 2026) adjusted earnings of $1.51 per share, which beat the Zacks Consensus Estimate of $1.33. The bottom line increased 8.6% year over year.Total revenues of $481.4 million beat the consensus estimate of $453 million and increased 7% year over year. The growth was attributable to favorable price and mix of 6%, along with increased volumes of 1%, driven primarily by residential. Effective from the fiscal second quarter, Griffon declared its AMES U.S., Canada, UK and Australia businesses as discontinued operations. The company currently reports the continuing operations’ financial results as a single segment. Griffon Corporation price-consensus-eps-surprise-chart | Griffon Corporation Quote Griffon’s cost of sales increased 10.6% year over year to $255.3 million. Selling, general and administrative expenses increased 3.0% year over year to $110.6 million. The gross margin decreased to 47.0% from 48.7% in the year-ago period. Net income was $51.6 million against a net loss of $120.1 million in the prior-year quarter. The company’s adjusted EBITDA from continuing operations totaled $124.8 million, up 2.1% from the year-ago quarter. At the end of the fiscal third quarter, Griffon had cash and cash equivalents of $110.4 million compared with $99.0 million at the end of fiscal 2025 (ended September 2025). Long-term debt, net of current maturities, was $1.26 billion at the end of the fiscal third quarter compared with $1.40 billion at fiscal 2025-end. In the first nine months of fiscal 2026, the company generated net cash of $217.9 million from operating activities from continuing operations compared with $234.5 million in the year-ago period. Griffon paid dividends of $30.9 million and repurchased shares worth $119.1 million in the same period. Exiting the fiscal third quarter, it had $193.8 million remaining under the share repurchase program. In the first nine months of fiscal 2026, free cash flow from continuing operations was $194.2 million and capital expenditures were $23.7 million. The company has reaffirmed its fiscal 2026 financial guidance. For fiscal 2026 (ending September 2026), management anticipates net sales from continuing operations to be $1.8 billion. It expects adjusted EBITDA to be approximately $458 million. For the fiscal year, Griffon now expects interest expense of $80 million, down from the prior expectation of $93 million, reflecting reduced debt and interest income from transaction-related notes receivable. Capital expenditures are expected to be $50 million. The company currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Carlisle Companies Incorporated CSL reported second-quarter 2026 adjusted earnings of $7.03 per share, which beat the Zacks Consensus Estimate of $6.43 by 9.3%. The bottom line increased 12% year over year. Revenues rose 8% year over year to a record $1.57 billion and surpassed the consensus estimate of $1.47 billion. 3M Company MMM reported second-quarter 2026 adjusted earnings of $2.40 per share, which surpassed the Zacks Consensus Estimate of $2.27 by 5.7%. The bottom line increased 11% year over year.MMM’s adjusted net revenues of $6.5 billion topped the consensus estimate of $6.4 billion and grew 5.5%. On an adjusted basis, organic revenues increased 5.4% year over year. Graco Inc. GGG reported second-quarter 2026 adjusted earnings of 91 cents per share, up 17% from 78 cents in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of 81 cents by 12.4%.The company’s net sales rose 3% year over year to $590.6 million but lagged the consensus estimate of $609 million by 3%. Organic order backlog (excluding acquisitions) rose 28% from the end of 2025. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Griffon Corporation (GFF) : Free Stock Analysis Report 3M Company (MMM) : Free Stock Analysis Report Graco Inc. (GGG) : Free Stock Analysis Report Carlisle Companies Incorporated (CSL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

NEW YORK, August 05, 2026--(BUSINESS WIRE)--Griffon Corporation ("Griffon" or the "Company") (NYSE:GFF) today reported results for the fiscal 2026 third quarter ended June 30, 2026. Revenue for the third quarter totaled $481.4 million, a 7% increase compared to $449.7 million in the prior year quarter, due to favorable price and mix of 6% driven by both residential and commercial, and increased volume of 1% driven primarily by residential. Income from continuing operations totaled $66.3 million, or $1.47 per share, compared to a loss from continuing operations of $108.7 million, or $2.40 per share, in the prior year quarter. Excluding all items that affect comparability from both periods, adjusted income from continuing operations (a non-GAAP measure) was $68.0 million, or $1.51 per share, in the current year quarter compared to $64.5 million, or $1.39 per share, in the prior year quarter. For a reconciliation of income (loss) from continuing operations to adjusted income from continuing operations (a non-GAAP measure), and earnings (loss) per share from continuing operations to adjusted earnings per share from continuing operations (a non-GAAP measure), see the attached table. Adjusted EBITDA from continuing operations for the third quarter was $124.8 million, a 2% increase from the prior year quarter of $122.3 million, driven by the increased revenue noted above, partially offset by increased material and selling, general and administrative costs. For a definition of adjusted EBITDA and a reconciliation of net income to adjusted EBITDA (a non-GAAP measure), see the attached table. "Griffon has executed particularly well this quarter, which is reflected in today's solid operational and financial results," said Ronald J. Kramer, Chairman and CEO of Griffon. "With the strategic actions we announced on February 5, 2026 substantially complete, Griffon is now a pure play building products company." "During the first nine months, we returned $135 million to shareholders through dividends and share repurchases while reducing our net debt to EBITDA leverage," continued Mr. Kramer. "We will continue to follow our balanced capital allocation strategy to maintain our strong balance sheet while returning value to our shareholders." Taxes The Company reported pre-tax income from continuing operations for the quarter ended June 30, 2026 and recognized an effective tax rate of 27.9%, compared to a pre-tax loss from continuing operations for the quarter ended June 30, 2025, and recognized an effective tax rate of 30.2%. Excluding all items that affect comparability, the effective tax rates for the quarters ended June 30, 2026 and 2025 were 27.9% and 27.3%, respectively. Balance Sheet and Capital Expenditures As of June 30, 2026, the Company had cash and equivalents of $110.4 million and total debt outstanding of $1.3 billion, resulting in net debt of $1.2 billion. During the quarter, debt was reduced by approximately $137.0 million. Leverage, as calculated in accordance with our credit agreement (see the attached table), was 2.2x net debt to EBITDA as of June 30, 2026 compared to 2.5x as of June 30, 2025 and 2.4x as of September 30, 2025. Free cash flow from continuing operations was $194.2 million and capital expenditures, net, were $23.7 million for the nine month period ended June 30, 2026. At June 30, 2026, borrowing availability under the revolving credit facility was $472.3 million, subject to certain loan covenants. For a definition of free cash flow from continuing operations (a non-GAAP measure) and a reconciliation of net cash provided by operating activities from continuing operations to free cash flow from continuing operations, see the attached table. Share Repurchases Share repurchases during the quarter ended June 30, 2026 totaled 626 thousand shares of common stock, for a total of $53.2 million, or an average of $85.00 per share. As of June 30, 2026, $193.8 million remained under the Board authorized share repurchase program. Since April 2023 and through June 30, 2026, the Company purchased 12.1 million shares of common stock or 21.2% of the outstanding shares, for a total of $664.1 million or an average of $54.86 per share. Strategic Actions Update On July 31, 2026, Griffon completed the previously announced formation of the joint venture for AMES Australasia. Griffon received $181 million in cash, a $49 million paid-in-kind ("PIK") note receivable from the joint venture, and a 49% equity interest. On June 9, 2026, Griffon completed the previously announced formation of the joint venture for its AMES North America businesses. Griffon received $100 million in cash, a $161 million second-lien PIK debt receivable from the joint venture, and a 43% equity interest. 2026 Outlook Griffon expects fiscal 2026 revenue from continuing operations to be $1.8 billion and adjusted EBITDA to be $458 million. Free cash flow from continuing operations, including capital expenditures of $50 million, is expected to exceed net income from continuing operations, with depreciation of $27 million and amortization of $15 million. Fiscal year 2026 interest expense is now expected to be $80 million, reflecting reduced debt and interest income from transaction related notes receivable. Griffon’s normalized tax rate is expected to be 28%. Conference Call Information The Company will hold a conference call today, August 5, 2026, at 8:30 AM ET. The call can be accessed by dialing 1-844-826-3035 (U.S. participants) or 1-412-317-5195 (International participants). Callers should ask to be connected to the Griffon Corporation teleconference or provide conference ID number 10210214. Participants are encouraged to dial-in at least 10 minutes before the scheduled start time. A replay of the call will be available starting on Wednesday, August 5, 2026, at 11:30 AM ET by dialing 1-844-512-2921 (U.S.) or 1-412-317-6671 (International) and entering the conference ID number: 10210214. The replay will be available through Wednesday, August 19, 2026, at 11:59 PM ET. Forward-looking Statements "Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995: All statements related to, among other things, income (loss), earnings, cash flows, revenue, changes in operations, operating improvements, the industries in which Griffon Corporation (the "Company" or "Griffon") operates that are not historical are hereby identified as "forward-looking statements" and may be indicated by words or phrases such as "anticipates," "supports," "plans," "projects," "expects," "believes," "achieves," "should," "would," "could," "hope," "forecast," "management is of the opinion," "may," "will," "estimates," "intends," "explores," "opportunities," the negative of these expressions, use of the future tense and similar words or phrases. Such forward-looking statements are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statements. These risks and uncertainties include, among others: current economic conditions and uncertainties in the housing, credit and capital markets; Griffon’s ability to achieve expected savings and improved operational results from cost control, restructuring, integration and disposal initiatives; the ability to identify and successfully consummate, and integrate, value-adding acquisition opportunities; increasing competition and pricing pressures in the markets served by Griffon; the ability of Griffon to expand into new geographic and/or product markets, and to anticipate and meet customer demands for new products and product enhancements and innovations; increases in the cost or lack of availability of raw materials such as steel, poly-chemicals and glass, components or purchased finished goods, including any potential impact on costs or availability resulting from tariffs; changes in customer demand or loss of a material customer; the potential impact of seasonal variations and uncertain weather patterns; political events or military conflicts that could impact the worldwide economy; a downgrade in Griffon’s credit ratings; changes in economic conditions in the United States ("U.S.") or internationally including inflation, interest rate and currency exchange fluctuations; the reliance on particular third party suppliers and manufacturers to meet customer demands; the relative mix of products and services, which impacts margins and operating efficiencies; short-term capacity constraints or prolonged excess capacity; unforeseen developments in contingencies, such as litigation, regulatory and environmental matters; Griffon’s ability to adequately protect and maintain the validity of patent and other intellectual property rights; the cyclical nature of certain products; possible terrorist threats and actions and their impact on the global economy; effects of possible IT system failures, data breaches or cyber-attacks; the impact of pandemics on the U.S. and the global economy, including business disruptions, reductions in employment and an increase in business and operating facility failures, specifically among our customers and suppliers; Griffon’s ability to service and refinance its debt; and the impact of recent and future legislative and regulatory changes, including, without limitation, changes in tax laws. Such statements reflect the views of the Company with respect to future events and are subject to these and other risks, as previously disclosed in the Company’s Securities and Exchange Commission filings. Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements speak only as of the date made. Griffon undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. About Griffon Corporation Griffon Corporation is a leading provider of residential and commercial building products. The Company is the largest North American manufacturer and marketer of garage doors under the Clopay, IDEAL and Holmes brands, and rolling steel door and grille products under the Clopay, Cornell, and Cookson brands. The Company is also a leading provider of residential, industrial, and commercial ceiling fans sold under the Hunter, Casablanca, and Jan Fan brands. For more information on Griffon, please see the Company’s website at www.griffon.com. Griffon uses adjusted income from continuing operations, and the related adjusted earnings per share from continuing operations as key metrics in evaluating performance. These key metrics are non-GAAP measures that exclude the impact of retirement plan events, non-cash impairment charges, loss from debt extinguishment, acquisition related expenses and discrete and certain other tax items, as well as other items that may affect comparability, as applicable. Griffon believes this information is useful to investors. The following table provides a reconciliation of net income to income from continuing operations, to adjusted income from continuing operations and earnings per share from continuing operations, to adjusted earnings per share from continuing operations: Griffon uses adjusted EBITDA as a key metric in evaluating performance. Adjusted EBITDA, a non-GAAP measure, is defined as income before taxes from continuing operations, excluding interest income and expense, depreciation and amortization, strategic review charges, and non-cash impairment charges, as well as other items that may affect comparability, as applicable. Griffon believes this information is useful to investors. The following tables provides a reconciliation of net income to adjusted EBITDA: Griffon believes free cash flow ("FCF", a non-GAAP measure) from continuing operations is a useful measure for investors because it demonstrates the Company's ability to generate cash from operations for purposes such as repaying debt, funding acquisitions and paying dividends. FCF from continuing operations is defined as net cash provided by operating activities from continuing operations less capital expenditures, net of proceeds. The following table provides a reconciliation of net cash provided by operating activities from continuing operations to FCF from continuing operations: Net debt to EBITDA (Leverage ratio), a non-GAAP measure, is a key financial measure that is used by management to assess the borrowing capacity of the Company. The Company has defined its net debt to EBITDA leverage ratio as net debt (total principal debt outstanding net of cash and equivalents) divided by the sum of trailing twelve-month ("TTM") adjusted EBITDA (as defined above) and TTM stock-based compensation expense. The following table provides a calculation of our net debt to EBITDA leverage ratio as calculated per our credit agreement: The following table provides a reconciliation of adjusted EBITDA including stock-based compensation to TTM EBITDA, per debt compliance: The following tables provide a reconciliation of selling, general and administrative expenses for items that affect comparability for the three and nine months ended June 30, 2026 and 2025: View source version on businesswire.com: https://www.businesswire.com/news/home/20260804478942/en/ Contacts Company Contact Brian G. HarrisEVP & Chief Financial OfficerGriffon Corporation(212) [email protected] Investor Relations Contact Tom CookManaging DirectorICR Inc.(203) 682-8250