Griffon (NYSE:GFF) Releases Quarterly Earnings Results, Beats Expectations By $0.17 EPS

Griffon (NYSE:GFF) announced its earnings results on Wednesday. The conglomerate reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.17, FiscalAI reports. The company had revenue of $481.37 million for the quarter, compared to analysts’ expectations of $457.70 million. Griffon had a return on equity of 298.42% and a net margin of 0.31%.Griffon’s revenue for the quarter was down 21.5% compared to the same quarter last year. During the same period last year, the firm earned $1.50 EPS.

Here are the key takeaways from Griffon’s conference call:

• Third-quarter revenue rose 7% organically to $481 million, while adjusted EBITDA increased 2% to $125 million; adjusted EPS was $1.51 versus $1.39 a year ago.
• Griffon maintained fiscal 2026 guidance of $1.8 billion in revenue and $458 million in adjusted EBITDA, with full-year free cash flow expected to exceed net income.
• The Australasia joint venture closed with $181 million in cash, a $49 million note receivable and a 49% equity stake; proceeds helped repay the remaining $285 million term loan, reducing pro forma net leverage to approximately 2.0 times.
• Residential door volume declined slightly amid soft U.S. housing conditions, although commercial volume was flat and fan volume more than offset the residential weakness; management expects seasonal improvement in the fourth quarter.
• Management expects the recent price increase to offset higher raw-material, labor, energy and logistics costs, supporting EBITDA margins of at least 25%, while longer-term housing recovery and commercial applications such as data centers and pharmaceutical facilities could provide operating leverage.

Griffon Price Performance

GFF stock traded up $3.17 during mid-day trading on Thursday, hitting $105.98. The company had a trading volume of 453,763 shares, compared to its average volume of 351,567. The company has a 50-day moving average price of $91.19 and a 200 day moving average price of $85.78. Griffon has a 12-month low of $65.01 and a 12-month high of $107.07. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 815.29 and a beta of 1.44. The company has a quick ratio of 2.43, a current ratio of 2.86 and a debt-to-equity ratio of 14.77.

Griffon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st will be paid a $0.22 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.88 annualized dividend and a yield of 0.8%. Griffon’s payout ratio is presently 676.92%.

Insider Transactions at Griffon

In other news, COO Robert F. Mehmel sold 7,873 shares of Griffon stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $96.02, for a total value of $755,965.46. Following the sale, the chief operating officer directly owned 790,352 shares of the company’s stock, valued at approximately $75,889,599.04. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ronald J. Kramer sold 100,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $94.92, for a total value of $9,492,000.00. Following the completion of the sale, the chief executive officer owned 1,784,297 shares in the company, valued at $169,365,471.24. This represents a 5.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 129,389 shares of company stock valued at $12,309,525. Company insiders own 10.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. raised its position in Griffon by 41.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,002,513 shares of the conglomerate’s stock valued at $73,835,000 after purchasing an additional 293,278 shares during the period. Millennium Management LLC boosted its holdings in shares of Griffon by 166.4% in the 3rd quarter. Millennium Management LLC now owns 324,553 shares of the conglomerate’s stock worth $24,715,000 after purchasing an additional 202,714 shares during the period. Jane Street Group LLC increased its position in shares of Griffon by 2,011.3% during the 2nd quarter. Jane Street Group LLC now owns 113,312 shares of the conglomerate’s stock valued at $8,200,000 after purchasing an additional 107,945 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Griffon by 52.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 295,657 shares of the conglomerate’s stock valued at $21,397,000 after purchasing an additional 101,246 shares during the last quarter. Finally, UBS Group AG raised its holdings in Griffon by 138.7% during the 3rd quarter. UBS Group AG now owns 143,401 shares of the conglomerate’s stock valued at $10,920,000 after buying an additional 83,323 shares during the period. 73.22% of the stock is currently owned by institutional investors.

Griffon News Roundup

Here are the key news stories impacting Griffon this week:

• Positive Sentiment: Griffon reported adjusted earnings of $1.51 per share, exceeding the $1.34 analyst consensus. Revenue reached $481.4 million, ahead of the $457.7 million estimate and up 7% year over year, driven by favorable pricing and product mix as well as modest volume growth. Griffon Corporation Announces Third Quarter Results
• Positive Sentiment: The company reduced debt by approximately $137 million during the quarter, bringing net debt leverage to 2.2 times adjusted EBITDA. Griffon also repurchased 626,000 shares for $53.2 million, supporting per-share value. Griffon Q3 revenue rises 7% to $481.4 million
• Positive Sentiment: Management maintained fiscal 2026 expectations for approximately $1.8 billion in revenue and $458 million in adjusted EBITDA. Commentary highlighted Griffon’s pivot toward building products as a source of operational upside, potentially offsetting softer market conditions. GFF Q2 deep dive: Building products pivot drives operational upside amid market headwinds
• Neutral Sentiment: Griffon declared a quarterly dividend of $0.22 per share, payable September 16 to shareholders of record August 31. The dividend provides income support, with an indicated yield of roughly 0.9%.
• Negative Sentiment: Revenue growth remains dependent on pricing and mix because volume growth was limited, while reported data showed substantial insider selling over the past six months. These factors could temper enthusiasm after the stock’s sharp advance.

Analysts Set New Price Targets

A number of analysts have commented on the company. Stephens upped their price target on Griffon from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday. Zacks Research upgraded Griffon from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Weiss Ratings lowered shares of Griffon from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Wall Street Zen cut shares of Griffon from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Robert W. Baird set a $125.00 price target on shares of Griffon in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.50.

About Griffon

Griffon Corporation (NYSE:GFF) is a diversified management and holding company whose subsidiaries design, manufacture and market products for residential, commercial and defense applications. Operating through three primary platforms—Home & Building Products, Defense Electronics and Specialty Industrial—Griffon’s portfolio spans consumer and industrial brands with a focus on long-lived products and recurring aftermarket opportunities.

In the Home & Building Products segment, Griffon’s Clopay Building Products division is a leading North American manufacturer of residential and commercial garage doors, specializing in steel, fiberglass and composite designs as well as decorative carriage-house styles.