The earnings beat combined with completed AMES JV closures, lower leverage, and maintained guidance creates a positive catalyst. Watch for potential upward revisions to FY guidance on the conference call given the strong first nine months; the lowered interest expense guide already improves earnings quality. Monitor housing market data and raw material costs for sustainability.
Price Chart
Executive Summary
Griffon Corp reported a strong fiscal Q3 2026 beat with revenue of $481.4M (+7% YoY) and adjusted EPS of $1.51 (+13% vs consensus $1.34), driven by favorable price/mix in residential and commercial building products. The company completed its AMES joint ventures, reduced debt by ~$137M and leverage to 2.2x, and maintained full-year guidance of $1.8B revenue and $458M adjusted EBITDA, signaling a successful transformation into a pure-play building products company.
Key Financial Metrics
Key Facts
- Revenue $481.4M vs $449.7M YoY, +7% growth (price/mix +6%, volume +1%)
- Adjusted diluted EPS from continuing operations $1.51 vs consensus $1.34 (12.7% beat) and vs $1.39 YoY (+8.6%)
- Adjusted EBITDA from continuing operations $124.8M, +2% YoY
- Completed AMES North America JV (June 9) and AMES Australasia JV (July 31); received $281M cash plus notes and equity stakes
- Debt reduced by ~$137M in the quarter; net debt to EBITDA leverage improved to 2.2x from 2.5x a year ago
- Share repurchases of 626K shares at avg $85.00; $193.8M remaining under buyback authorization
- FY2026 guidance maintained: revenue $1.8B, adjusted EBITDA $458M; interest expense lowered to $80M
Financial Impact
EPS beat of ~$0.17/share implies ~$7.7M incremental net income vs consensus; debt paydown of ~$137M strengthens balance sheet; AMES JVs generated $281M cash proceeds
Risk Factors
- Housing market cyclicality could pressure residential demand
- Raw material cost inflation (steel) and tariffs may compress margins
- Guidance maintained rather than raised despite beat — conservative outlook may cap upside
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-052927 |
| Document: gff-20260805.htm | 0001628280-26-052927 |
| Document: 0001628280-26-052927-index-headers.html | 0001628280-26-052927 |
| Document: 0001628280-26-052927-index.html | 0001628280-26-052927 |
| Document: 0001628280-26-052927.txt | 0001628280-26-052927 |
| 8-K Data (Synthetic) | 0001628280-26-052927 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 22d ago | Press Release | $94.09 | awaiting T+20 | awaiting T+20 | $100.26 (+6.56%) |
Aug 14, 2026 10w ago | Insider Cluster | $102.18 $92.76 | ▼ −9.22% | ▼ −7.24% | $100.26 (−1.88%) |
Aug 13, 2026 10w ago | Insider Cluster | $104.16 $93.81 | ▼ −9.94% | ▼ −7.95% | $100.26 (−3.74%) |
Aug 11, 2026 11w ago | Institutional Cluster | $104.88 $95.30 | ▼ −9.13% | ▼ −7.24% | $100.26 (−4.41%) |
Aug 11, 2026 11w ago | Insider Cluster | $104.88 $95.30 | ▼ −9.13% | ▼ −7.24% | $100.26 (−4.41%) |
Aug 10, 2026 11w ago | 8-K | $106.75 $97.59 | ▼ −8.58% | ▼ −7.52% | $100.26 (−6.08%) |
Aug 7, 2026 11w ago | Insider Cluster | $104.80 $97.33 | ▼ −7.13% | ▼ −6.21% | $100.26 (−4.33%) |
Aug 5, 2026 11w ago | 8-K | $102.81 $95.83 | ▼ −6.79% | ▼ −6.19% | $100.26 (−2.48%) |
Aug 4, 2026 12w ago | 8-K | $93.58 $94.44 | ▲ +0.92% | ▲ +2.16% | $100.26 (+7.14%) |
Jul 2, 2026 16w ago | Insider Cluster | $92.86 $87.90 | ▼ −5.34% | ▼ −4.93% | $100.26 (+7.97%) |
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