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Griffon Corp. (GFF)
NYSE:GFF
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.18Last Year’s EPS
1.23Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights solid cash generation ($99M FCF), measured revenue growth (+3%), improved CPP profitability (+19% EBITDA) and a strategic transaction (JV with ONCAP) that delivers immediate proceeds ($100M) and potential long-term value while preserving a material equity stake. The company also returned capital via buybacks and sustained dividend growth and improved leverage (net debt/EBITDA 2.3x). Offsetting these positives are volume softness in residential markets (-4%), margin pressure from material and labor costs, a GAAP net income decline (~10%), the AMES U.K. negative EBITDA, and execution/timing risks tied to the portfolio actions and a 10% PIK second-lien position. Overall the positives (strong cash flow, strategic monetization, shareholder returns, and maintained guidance for continuing operations) outweigh the operational challenges and near-term headwinds, but the situation retains execution and macro risk.Company Guidance
Strong Free Cash Flow
Generated $99 million of free cash flow in the quarter, providing liquidity to support buybacks, dividends and debt reduction.
Revenue Growth and Stable Adjusted EBITDA
Consolidated revenue of $649 million increased 3% year-over-year, and adjusted EBITDA before unallocated amounts was $145 million, in line with the prior year (EBITDA margin 22.3%).
Home & Building Products (HBP) Pricing and Margin
HBP revenue increased 3% with an EBITDA margin of 30.1%. Revenue benefited from +7% price and mix (residential and commercial), partially offset by a -4% reduction in residential volumes.
Consumer & Professional Products (CPP) Profitability Improvement
CPP revenue rose 2% to $241 million and adjusted EBITDA increased 19% to $22 million, driven by favorable price/mix and increased volumes in Australia and Canada despite soft U.S. demand.
Meaningful Capital Return to Shareholders
Repurchased $18 million (247,000 shares) in the quarter at an average $73.21/share; since April 2023 repurchases total $578 million (11.1 million shares) at an average $52.27/share, reducing outstanding shares by 19.3%. $280 million remains under the repurchase authorization.
Dividend Continuity and Growth
Board authorized a regular quarterly dividend of $0.22 per share (payable March 18), marking the 58th consecutive quarterly dividend; dividend has grown at an annualized compounded rate of 19% since initiation in 2012.
Strategic Joint Venture with ONCAP Unlocks Immediate Value
Announced JV combining AMES North America & other tool businesses with ONCAP: ONCAP 57% / Griffon 43%. Griffon to receive $100 million cash at closing plus $160 million of second lien debt (10% PIK), and retain a meaningful equity stake; JV expected to close by end of June.
Balance Sheet/Leverage Improvement
Net debt of $1.26 billion with net debt-to-EBITDA leverage of 2.3x (down from 2.4x prior year quarter). Paid down $60 million of Term Loan B during the quarter while still returning $29 million to shareholders.
Updated Continuing Operations Guidance
Continuing operations guidance for fiscal 2026: revenue ~$1.8 billion and adjusted EBITDA ~$520 million (excluding $62 million of unallocated costs). Free cash flow from continuing operations is expected to exceed net income (capex assumed at $50 million).
GFF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GFF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $84.73 | $89.57 | +5.71% |
Nov 19, 2025 | $66.66 | $69.05 | +3.57% |
Aug 06, 2025 | $81.91 | $70.65 | -13.75% |
May 08, 2025 | $67.37 | $70.36 | +4.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Griffon Corp. (GFF) report earnings?
Griffon Corp. (GFF) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Griffon Corp. (GFF) earnings time?
Griffon Corp. (GFF) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GFF EPS forecast?
GFF EPS forecast for the fiscal quarter 2026 (Q2) is 1.18.