Griffon Corporation reported fiscal third quarter 2026 revenue of $481.4 million, up 7% from the prior year, driven by a 6% favorable price and mix and 1% higher volume. Adjusted EBITDA increased 2% to $124.8 million, while adjusted earnings per share rose to $1.51 from $1.39 a year earlier. The company completed its transition to a pure-play building products company after closing joint ventures for its Australasia and North America businesses, receiving $281 million in total cash and $210 million in notes while retaining minority equity interests. Griffon repaid its remaining $285 million Term Loan B balance after the quarter and set a new net debt-to-EBITDA leverage target range of 1.5x to 2.5x. Management maintained full-year revenue guidance of $1.8 billion and adjusted EBITDA guidance of $458 million, and reduced expected interest expense to $80 million from $93 million.
Griffon CorporationRevenue and EPS beat, guidance maintained, debt reduced, and JV closures completed.
