Griffon Q3: Revenue Climbs 7%, Adjusted EPS Hits $1.51, Full-Year EBITDA Guidance Lifted to $458M
GFF sits 48% above its 52-week low of $65.01.
Summary
Griffon posted Q3 2026 revenue of $481.4M (+7% YoY) and adjusted EPS of $1.51, raised its full-year EBITDA guidance to $458M, and highlighted a $137M debt reduction alongside $53.2M in share buybacks during the quarter.
Key Events · Earnings and Guidance · GFF
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Q3 Revenue +7% to $481.4M
Revenue rose 7% year-over-year to $481.4 million, fueled by a favorable price/mix (+6%) and higher volume (+1%), with both residential and commercial segments contributing to the strength.
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Adjusted EPS $1.51 vs. $1.39
Adjusted income from continuing operations came in at $68.0 million, or $1.51 per share, compared with $64.5 million, or $1.39 per share, in the prior-year quarter, reflecting improved operating leverage.
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Full-Year EBITDA Guidance Raised to $458M
For fiscal 2026, Griffon now projects adjusted EBITDA of $458 million on revenue of approximately $1.8 billion, while interest expense is expected to decline to $80 million, helped by lower debt and interest income from JV notes receivable.
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Debt Reduced by $137M; Leverage at 2.2x
Total debt fell by roughly $137 million during Q3, bringing net debt to $1.2 billion and the leverage ratio to 2.2x, an improvement from 2.5x a year ago.
Analysis · GFF · Manufacturing
A strong fiscal third quarter underscores Griffon's momentum, with revenue advancing 7% to $481.4 million and adjusted earnings per share reaching $1.51, up from $1.39 a year ago. Confidence in the pure-play building products strategy—cemented by two major joint ventures—prompted management to raise the full-year adjusted EBITDA outlook to $458 million. The balance sheet strengthened considerably: net debt contracted by $137 million during the quarter, leverage fell to 2.2x, and the company deployed $53.2 million to repurchase shares at an average price of $85.00. With the AMES Australasia JV closed on July 31, Griffon now operates with a cleaner, more focused portfolio and ample liquidity to continue returning capital to shareholders.
At the time of this filing, GFF was trading at $96.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $65.01 to $98.37. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.