GFF

Voss Capital established a new position in Choice Hotels International (NYSE:CHH) during the first quarter, acquiring 967,500 shares in a transaction estimated at $100.61 million based on average quarterly pricing, according to a May 15, 2026, SEC filing. According to a Securities and Exchange Commission (SEC) filing dated May 15, 2026, Voss Capital initiated a new position in Choice Hotels International, acquiring 967,500 shares. The estimated value of the purchase was $100.61 million, based on the average price during the first quarter of 2026. The quarter-end value of the position was $100.14 million, reflecting both the purchase and subsequent share price movement. This was a new position for Voss Capital, LP; the stake comprised 5.31% of the fund’s reportable U.S. equity assets at quarter’s end. Top holdings after the filing: As of May 14, 2026, Choice Hotels shares were priced at $105.72, down 15% over the prior year; the stock underperformed the S&P 500 by roughly 40 percentage points over that period. Choice Hotels International franchises lodging properties under brands such as Comfort Inn, Quality, Clarion, Sleep Inn, Econo Lodge, and Cambria Hotels, and provides cloud-based property management software. The firm operates a hotel franchising business model, generating revenue primarily from franchise fees, royalties, and technology services to hotel owners. It serves hotel owners and operators worldwide, targeting both leisure and business travelers. Choice Hotels International is a leading global hotel franchisor with a diverse portfolio of well-known brands. The company leverages its scale, technology solutions, and brand recognition to attract hotel owners and deliver value to both franchisees and guests. Its asset-light model and recurring revenue streams support consistent profitability and competitive positioning within the lodging industry. Voss Capital stepped into Choice Hotels after a difficult year for the stock, but the company's latest results suggest several key growth indicators are moving in the right direction.The most encouraging numbers were found in development. Global franchise agreements awarded surged 72% year over year, while U.S. hotel openings reached a five-year high, and global net rooms increased 1.7%. Choice's pipeline also expanded to more than 77,700 rooms, with 97% concentrated in higher-value extended stay, midscal...

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at home construction materials stocks, starting with Griffon (NYSE:GFF). Traditionally, home construction materials companies have built economic moats with expertise in specialized areas, brand recognition, and strong relationships with contractors. More recently, advances to address labor availability and job site productivity have spurred innovation that is driving incremental demand. However, these companies are at the whim of residential construction volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. Additionally, the costs of raw materials can be driven by a myriad of worldwide factors and greatly influence the profitability of home construction materials companies. The 10 home construction materials stocks we track reported a strong Q1. As a group, revenues beat analysts’ consensus estimates by 3% while next quarter’s revenue guidance was in line. In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results. Initially in the defense industry, Griffon (NYSE:GFF) is a now diversified company specializing in home improvement, professional equipment, and building products. Griffon reported revenues of $421.9 million, down 1.1% year on year. This print exceeded analysts’ expectations by 1.8%. Despite the top-line beat, it was still a slower quarter for the company with full-year revenue and EBITDA guidance missing analysts’ expectations. Griffon delivered the weakest full-year guidance update of the whole group. Unsurprisingly, the stock is down 6.7% since reporting and currently trades at $86.39. Read our full report on Griffon here, it’s free. Aiming to build safer and stronger buildings, Simpson (NYSE:SSD) designs and manufactures structural connectors, anchors, and other construction products. Simpson reported revenues of $588 million, up 9.1% year on year, outperforming analysts’ expectations by 6.4%. The business had a stunning quarter with an impressive beat of analysts’ EBITDA estimates. The market seems content with the results as the stock is up 1.6% since reporting. It currently trades at $189.54. Is now the time to buy Simpson? Access our full analysis...

Griffon’s first quarter results were met with a negative market reaction, as the company reported a modest year-on-year revenue decline alongside mid-single digit beats on key profit metrics. Management attributed the slight sales drop to persistent softness in both U.S. housing and commercial construction, noting that core demand remains centered on repair and remodel activity rather than new construction. CEO Ronald Kramer highlighted the company’s ongoing efforts to streamline operations, stating, “Our team’s performance has been solid, showing resiliency managing through uncertain global economic conditions,” and pointed to continued strength in the Clopay garage door business as a mitigating factor. Is now the time to buy GFF? Find out in our full research report (it’s free). Revenue: $421.9 million vs analyst estimates of $414.6 million (1.1% year-on-year decline, 1.8% beat) Adjusted EPS: $1.05 vs analyst estimates of $0.99 (6.3% beat) Adjusted EBITDA: $97.78 million vs analyst estimates of $96.48 million (23.2% margin, 1.3% 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, below analyst estimates of $466.5 million Operating Margin: 20.3%, down from 21.5% in the same quarter last year Market Capitalization: $3.80 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are 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. Trey Grooms (Stephens): Asked how Griffon expects residential volume trends to evolve in the second half. CFO Brian Harris responded that volumes are likely to remain soft, with pricing actions offsetting some of the decline, and affirmed expectations for a similar pattern to recent quarters. Bob Labick (CJS Securities): Inquired about the impact of new product innovation on future growth. CEO Ronald Kramer emphasized that Clopay’s innovation pipeline will increasingly target the higher end of the market, allowing for mix improvement even in weak end markets. Collin Verron (Deutsche Bank): Sought clarification on the leverage of product mix versus price in driving revenue. Harris explained that recent gains were more price-driven...

In early May 2026, Griffon Corporation reported second-quarter fiscal 2026 results showing sales of US$421.86 million and net income of US$19.32 million, reaffirmed full-year 2026 revenue guidance of US$1.80 billion from continuing operations, and maintained a quarterly dividend of US$0.22 per share payable on June 17, 2026. At the same time, analysts have become more optimistic about Griffon’s earnings outlook, while its Clopay subsidiary launched privacy-on-demand C-Power™ enabled Click-to-Conceal™ garage door panels that broaden the company’s higher-end, innovation-focused product offering. Next, we’ll examine how reaffirmed guidance alongside raised earnings estimates might reshape Griffon’s investment narrative and perceived earnings resilience. Invest in the nuclear renaissance through our list of 87 elite nuclear energy infrastructure plays powering the global AI revolution. To own Griffon, you need to believe its portfolio of home and building products can keep generating cash despite choppy consumer demand, margin pressure, and a high debt load. The latest quarter showed weaker net income but steady revenue and reaffirmed full year guidance at US$1.80 billion, which supports the near term catalyst of perceived earnings resilience, while leaving demand sensitivity and tariff or cost inflation as the biggest near term risks rather than materially changing them. Among recent updates, the most relevant here is Griffon’s decision to reaffirm its 2026 revenue outlook alongside maintaining its US$0.22 per share quarterly dividend. Together, these signals suggest management is leaning on the existing Home and Building Products and Hunter Fan franchises to underpin cash generation, which ties directly into the key catalyst around higher margin, premium offerings while still leaving the business exposed if consumer demand or pricing support weakens further. Yet investors should also be aware that if consumer demand stays weak and elevated inventories persist, Griffon’s margins and earnings resilience could... Read the full narrative on Griffon (it's free!) Griffon's narrative projects $1.9 billion revenue and $310.5 million earnings by 2029. This requires a 9.5% yearly revenue decline and an earnings increase of about $265.8 million from $44.7 million today. Uncover how Griffon's forecasts yield a $114.14 fair value, a 39% upside to its current price. Three m...

Interested in Griffon Corporation? Here are five stocks we like better. Griffon held its fiscal 2026 outlook after Q2 results that showed softer residential demand, but stable commercial markets and pricing/mix benefits. Revenue from continuing operations fell 1% to $422 million, while adjusted EBITDA declined 4% to $98 million. The company is advancing its restructuring to become a pure-play North American building products company. Griffon expects the AMES U.S. and Canada joint venture with ONCAP to close by June 2026, is pursuing a sale/process for AMES Australia, and plans to exit the U.K. business. Capital returns remain a priority: Griffon repurchased $33 million of stock in Q2, has 59 straight quarterly dividends, and still has $247 million remaining on its buyback authorization. Management also said strong free cash flow should support further repurchases and debt reduction, with M&A “not on the table.” These 7 Stocks Surged Double-Digits and Have Double-Digits to Go Griffon (NYSE:GFF) said it maintained its fiscal 2026 outlook after reporting second-quarter results that reflected soft residential demand, stable commercial markets and continued benefits from pricing and mix in its continuing operations. Chairman and Chief Executive Officer Ron Kramer said the company is progressing with previously announced strategic actions intended to focus Griffon into a “pure-play North American building products company.” As part of that plan, Griffon is now presenting its continuing operations as a single segment, while its global AMES businesses are reported as discontinued operations. → Wells Fargo’s Comeback Is Real—But Not Risk-Free “We’re very pleased with our financial results at the halfway point of our fiscal year,” Kramer said on the earnings call. “Our team’s performance has been solid, showing resiliency, managing through uncertain global economic conditions.” Chief Financial Officer Brian Harris said second-quarter revenue from continuing operations was $422 million, down 1% from the prior-year period. The decrease reflected a 6% reduction in volume, driven by residential markets, partially offset by a 5% improvement in price and mix. → Rocket Lab Posts Record Q1 Revenue, Raises Q2 Guidance Adjusted EBITDA from continuing operations was $98 million, down 4% year over year. Harris attributed the decline to lower revenue, weaker overhead absorption fr...

Griffon Corporation GFF reported second-quarter fiscal 2026 (ended March 2026) adjusted earnings of $1.05 per share, which beat the Zacks Consensus Estimate of 99 cents. The bottom line was stable on a year-over-year basis. Total revenues of $421.9 million beat the consensus estimate of $413 million and decreased 1.1% year over year. The decline was attributable to lower volumes of 6%, partially offset by favorable price and mix of 5%. 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 0.7% year over year to $229.9 million. Selling, general and administrative expenses were down 2.7% year over year to $104.6 million. The gross margin decreased to 45.5% from 46.5% in the year-ago period. Net income was $19.3 million, reflecting a decline of 66% from the prior-year quarter. The company’s adjusted EBITDA from continuing operations totaled $97.8 million, down 4% from the year-ago quarter. At the end of the fiscal second quarter, Griffon had cash and cash equivalents of $109.7 million compared with $99 million at the end of fiscal 2025 (ended September 2025). Long-term debt, net of current maturities, was $1.39 billion at the end of the fiscal second quarter compared with $1.40 billion at fiscal 2025-end. In the first six months of fiscal 2026, the company generated net cash of $118.3 million from operating activities compared with $139.7 million in the year-ago period. Griffon paid out dividends of $21.2 million and repurchased shares worth $51 million in the same period. Exiting the fiscal second quarter, it had $247 million remaining under the share repurchase program. In the first six months of fiscal 2026, free cash flow from continuing operations was $100.7 million and capital expenditures (net) were $17.6 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 the adjusted EBITDA to be approximately $458 million. For the fiscal year, Griffon expects interest expense of $93 million and capital expenditures to be $50 mi...

Management is pivoting Griffon into a pure-play North American building products company by forming a joint venture for AMES North America and exiting UK and Australian operations. Performance in the second quarter was characterized by resiliency in soft U.S. housing and commercial construction markets, with Clopay maintaining its leadership in the garage door sector. Revenue decreased 1% as a 6% volume decline, primarily in residential, was largely offset by a 5% improvement in price and mix. EBITDA margins faced a 60-basis point headwind due to lower volume, reduced overhead absorption, and rising material costs, specifically steel. Strategic positioning focuses on the 'repair and remodel' market, which management identifies as the primary driver of Clopay's profitability despite broader housing market weakness. The company is leveraging a 'better-best' product strategy to target higher-end consumers, helping to mitigate the impact of a generally weaker consumer environment at the lower end. Management reiterated full-year 2026 guidance, assuming residential volume remains soft while commercial volume stays roughly flat for the remainder of the fiscal year. Second-half performance is expected to benefit from mid-single-digit price increases implemented at Clopay effective late March 2024. Free cash flow from continuing operations is projected to exceed net income for the full year, with the second half typically representing the strongest part of the cash cycle. The company anticipates substantial operating leverage as residential and commercial markets eventually return to growth. Strategic actions, including the AMES joint venture and international exits, are expected to be completed by the end of the calendar year. The company has transitioned to a single-segment reporting structure, with Global AMES businesses now classified as discontinued operations. Griffon will receive $100 million in cash and $161 million in 10% paid-in-kind (PIK) notes upon the closing of the AMES North America joint venture with ONCAP. Management has exited the AMES United Kingdom business due to persistent economic challenges, reflecting a disciplined approach to underperforming assets. Capital allocation remains focused on share repurchases, having reduced outstanding shares by 20% since April 2023, with management viewing internal stock as the most attractive M&A opportunity....

Image source: The Motley Fool. Thursday, May 7, 2026 at 8:30 a.m. ET Chairman and Chief Executive Officer — Ronald J. Kramer Chief Financial Officer and Senior Vice President — Brian G. Harris Need a quote from a Motley Fool analyst? Email [email protected] Ronald Kramer: Thanks, Brian. Good morning, everyone. Thanks for joining us. On February 5, we announced a series of strategic actions to focus Griffon into a pure-play North American building products company. These actions included the formation of a joint venture involving our AMES North America businesses and the strategic review of our AMES Australia and AMES United Kingdom businesses. As a result of these actions, starting with our second quarter earnings release today, our continuing operations from financial performance is presented as a single segment. The Global AMES businesses are now reported as discontinued operations. We're very pleased with our financial results at the halfway point of our fiscal year. Our team's performance has been solid, showing resiliency managing through uncertain global economic conditions. We continue to perform well in soft U.S. housing and commercial construction markets. I'm proud to report Clopay continues to assert its position as the leading garage door provider with best-in-class product innovation. This year, Clopay was recognized for the second year in a row as one of the best in show for its pioneering innovation at the International Builders Show. As a reminder, last year, Clopay was recognized as the best of IBS across the entire building products industry for its groundbreaking VertiStack Avante garage door, an innovative system that replaces traditional overhead tracks with a compact vertical stacking design, resulting in a cleaner aesthetic and open ceiling space. This year, Clopay won a best of IBS award in the window and door category for its Avante door with C-Power enabled click-to-conceal panels. The patented C-Power technology delivers electrical power directly to the garage door panels, opening up a new world of potential for these doors. The first products to use C-Power is Clopay's click-to-conceal panels, which allows the door to instantly transition its windows from clear to opaque. This is an ideal solution for homeowners who use their garage as flexible living space or design forward commercial spaces like restaurants and automotive showrooms, o...

Griffon (GFF) reported fiscal Q2 adjusted earnings Thursday of $1.05 per diluted share, unchanged fr

NEW YORK (AP) — NEW YORK (AP) — Griffon Corp. (GFF) on Thursday reported profit of $19.3 million in its fiscal second quarter. The New York-based company said it had net income of 42 cents per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to $1.05 per share. The garage door and building products maker posted revenue of $421.9 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $412.9 million. Griffon expects full-year revenue of $1.8 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GFF at https://www.zacks.com/ap/GFF

NEW YORK, May 07, 2026--(BUSINESS WIRE)--The Board of Directors of Griffon Corporation (NYSE: GFF) (the "Company" or "Griffon") yesterday declared a regular quarterly cash dividend of $0.22 per share. The dividend is payable on June 17, 2026 to shareholders of record as of the close of business on May 29, 2026. 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. The AMES North America, Australia, and United Kingdom businesses are classified as discontinued operations. For more information on Griffon, please see the Company’s website at www.griffon.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260506640930/en/ Contacts Company Contact: Brian G. Harris EVP & Chief Financial Officer Griffon Corporation (212) 957-5000 [email protected] Investor Relations Contact: Tom Cook Managing Director ICR Inc. (203) 682-8250

NEW YORK, May 07, 2026--(BUSINESS WIRE)--Griffon Corporation ("Griffon" or the "Company") (NYSE:GFF) today reported results for the fiscal 2026 second quarter ended March 31, 2026. Revenue for the second quarter totaled $421.9 million, a 1% decrease compared to $426.7 million in the prior year quarter, due to decreased volume of 6% primarily driven by residential, partially offset by favorable price and mix of 5% driven by both residential and commercial. Income from continuing operations totaled $46.9 million, or $1.03 per share, compared to $49.8 million, or $1.06 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 $48.1 million, or $1.05 per share, in the current year quarter compared to $49.5 million, or $1.05 per share, in the prior year quarter. For a reconciliation of income from continuing operations to adjusted income from continuing operations (a non-GAAP measure), and earnings 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 second quarter was $97.8 million, a 4% decrease from the prior year quarter of $101.7 million, driven by the decreased revenue noted above, the unfavorable impact of decreased volume on overhead absorption, and increased material costs. For a definition of adjusted EBITDA and a reconciliation of net income to adjusted EBITDA (a non-GAAP measure), see the attached table. "Our team delivered solid performance this quarter, and Griffon is on track for another strong year," said Ronald J. Kramer, Chairman and CEO of Griffon. "The strategic actions we announced in the quarter to streamline our business into a pure-play building products company are progressing well. Given our first half results, and continued confidence in our outlook, we are maintaining our financial guidance for the fiscal year." "During our first half, we returned $72 million to shareholders through dividends and share repurchases while maintaining 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 continui...