Griffon Q3 Revenue Climbs 7% to $481M; Full-Year EBITDA Guidance Lifted to $525M–$535M
GFF sits 58% above its 52-week low of $65.01 on elevated volume (2.2× avg).
Summary
Griffon posted Q3 revenue of $481.4M (+7% YoY) and raised full-year EBITDA guidance to $525M–$535M. The Term Loan B was fully repaid, and the Australasia JV closed with an estimated $123M gain.
Key Events · Earnings and Guidance · GFF
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Q3 Revenue +7% to $481M
Revenue rose 7% year over year to $481.4 million, with favorable price/mix contributing 6% and volume adding 1%. Residential repair and remodel led at $259M.
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Full-Year EBITDA Guidance Raised
Management increased FY2026 adjusted EBITDA guidance to $525M–$535M, up from prior expectations, reflecting confidence in the building products segment.
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Term Loan B Fully Repaid
After quarter-end, the remaining $285M Term Loan B balance was repaid, eliminating all obligations under that facility and further deleveraging the balance sheet.
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Australasia JV Closed, $123M Gain Expected
On July 31, 2026, the AMES Australasia joint venture closed. Griffon received $181M cash and a $49M PIK note, and expects to record a ~$123M pre-tax gain in Q4.
Analysis · GFF · Manufacturing
A strong quarter saw revenue advance 7% to $481.4 million and adjusted EPS reach $1.51, fueled by favorable pricing and mix. Confidence in the building products business prompted management to raise full-year EBITDA guidance to $525–$535 million, a move that underscores the benefits of the AMES divestitures. The balance sheet grew even stronger after quarter-end with the full repayment of the Term Loan B, and the Australasia JV closed on July 31, 2026, unlocking an estimated $123 million gain. During the nine months, $104 million in stock repurchases also reduced the share count. These results confirm that the transformation into a pure-play building products company is on track and generating cash.
At the time of this filing, GFF was trading at $102.81 on NYSE in the Manufacturing sector, with a market capitalization of approximately $4.7B. The 52-week trading range was $65.01 to $104.69. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.