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Griffon (GFF) investor relations material
Griffon Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered strong operational and financial results, with organic revenue up 7% and EBITDA up 2% year-over-year for the third quarter, driven by favorable price/mix and higher residential volume.
Successfully completed strategic actions, transforming into a pure-play building products company focused on North America, following divestitures and joint ventures for AMES North America, Australasia, and U.K. operations.
Now operates as a single reportable segment centered on residential and commercial building products.
Maintained guidance for fiscal 2026, reflecting confidence in business resilience amid soft U.S. housing and commercial construction markets.
Well-positioned to benefit from long-term trends in repair/remodel, commercial construction, and favorable housing demographics.
Financial highlights
Third quarter 2026 revenue reached $481.4 million, up 7% year-over-year, with favorable price/mix and volume; trailing twelve months revenue was $1.8 billion.
Adjusted EBITDA for Q3 2026 was $124.8 million (25.9% margin), up 2% year-over-year; TTM adjusted EBITDA was $455 million (25% margin).
Gross profit for Q3 2026 was $226.1 million (47% margin), compared to $219 million (48.7% margin) last year.
Adjusted net income from continuing operations for Q3 2026 was $68 million ($1.51/share), up from $64 million ($1.39/share) last year.
Year-to-date free cash flow from continuing operations was $194.2 million.
Outlook and guidance
Fiscal 2026 revenue guidance maintained at $1.8 billion and adjusted EBITDA at $458 million, with margin above 25%.
Free cash flow from continuing operations expected to exceed net income; capital expenditures projected at $50 million.
Interest expense for fiscal 2026 expected at $80 million, reflecting reduced debt; normalized tax rate anticipated at 28%.
Board declared a quarterly dividend of $0.22 per share, with a 19% CAGR since 2012.
Management expects sufficient liquidity to invest in existing businesses and strategic acquisitions.
- Q2 2026 revenue dipped 1% as portfolio refocus and strong capital returns continued.GFF
Q2 2026 - Revenue up 3% to $649.1M; joint venture, debt reduction, and 2026 guidance reaffirmed.GFF
Q1 2026 - Annual meeting to vote on directors, executive pay, and auditor, with strong 2025 results.GFF
Proxy Filing - Votes will be held on board elections, executive pay, and auditor ratification for 2026.GFF
Proxy Filing - Key votes include board size reduction, officer exculpation, and performance-based pay.GFF
Proxy Filing - FY25 revenue was $2.5B with 21% EBITDA margin, strong cash flow, and improved leverage.GFF
Q4 2025 - Q3 revenue declined 5% but strong cash flow enabled debt reduction and share repurchases.GFF
Q3 2024 - FY24 revenue was $2.6B with $514M EBITDA; 2025 outlook targets higher EBITDA and capital returns.GFF
Q4 2024 - Net income up 68% to $70.9M on margin gains, strong cash flow, and continued buybacks.GFF
Q1 2025
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