GRIFFON CORP — Form 8-K
Filed August 5, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
Griffon reported Q3 2026 revenue of $481.4M (+7% YoY) and income from continuing operations of $66.3M ($1.47/share) vs. a loss of $108.7M ($2.40/share) loss in Q3 2025. The company completed two AMES joint venture formations: AMES Australasia (July 31, 2026) receiving $181M cash + $49M PIK note + 49% equity, and AMES North America (June 9, 2026) receiving $100M cash + $161M PIK debt + 43% equity. Net debt fell to $1.2B (2.2x leverage vs. 2.5x prior year); $137M debt reduction in the quarter. Share repurchases totaled $53.2M (626k shares at $85/share) in Q3; $664.1M repurchased since April 2023 (12.1M shares, 21.2% of outstanding). FY2026 guidance: $1.8B revenue, $458M adjusted EBITDA.
Why this rating
Strategic divestitures (AMES, ~$281M cash received) reduce leverage meaningfully; operational performance solid but modest. Moderate for $3.1B company.
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