Griffon Q2 Earnings Call Highlights

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MarketBeat

Sun, May 10, 2026 astatine 9:12 AM CDT 7 min read

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Griffon held its fiscal 2026 outlook aft Q2 results that showed softer residential demand, but unchangeable commercialized markets and pricing/mix benefits. Revenue from continuing operations fell 1% to $422 million, portion adjusted EBITDA declined 4% to $98 million.
The institution is advancing its restructuring to go a pure-play North American gathering products company. Griffon expects the AMES U.S. and Canada associated task with ONCAP to adjacent by June 2026, is pursuing a sale/process for AMES Australia, and plans to exit the U.K. business.
Capital returns stay a priority: Griffon repurchased $33 cardinal of banal successful Q2, has 59 consecutive quarterly dividends, and inactive has $247 cardinal remaining connected its buyback authorization. Management besides said beardown escaped currency travel should enactment further repurchases and indebtedness reduction, with M&A “not connected the table.”

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Griffon (NYSE:GFF) said it maintained its fiscal 2026 outlook aft reporting second-quarter results that reflected brushed residential demand, unchangeable commercialized markets and continued benefits from pricing and premix successful its continuing operations.

Chairman and Chief Executive Officer Ron Kramer said the institution is progressing with antecedently announced strategical actions intended to absorption Griffon into a “pure-play North American gathering products company.” As portion of that plan, Griffon is present presenting its continuing operations arsenic a azygous segment, portion its planetary AMES businesses are reported arsenic discontinued operations.

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“We’re precise pleased with our fiscal results astatine the halfway constituent of our fiscal year,” Kramer said connected the net call. “Our team’s show has been solid, showing resiliency, managing done uncertain planetary economical conditions.”

Second-Quarter Revenue Slips arsenic Volume Declines

Chief Financial Officer Brian Harris said second-quarter gross from continuing operations was $422 million, down 1% from the prior-year period. The alteration reflected a 6% simplification successful volume, driven by residential markets, partially offset by a 5% betterment successful terms and mix.

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Adjusted EBITDA from continuing operations was $98 million, down 4% twelvemonth implicit year. Harris attributed the diminution to little revenue, weaker overhead absorption from reduced measurement and higher worldly costs, including steel. Adjusted EBITDA borderline was 23.2%, down 60 ground points from the year-earlier quarter.

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