EarningsQ3 2026 Earnings Report
DE:GFF Q3 2026 EPS Results
Actual EPS€1.35
Consensus EPS€1.20
Beat/MissBeat by +€0.15
One Year Ago EPS€1.34
DE:GFF Q3 2026 Revenue Results
Actual Revenue€429.58M
Expected Revenue€408.45M
Beat/MissBeat by +€21.12M
YoY Revenue Growth-21.55%
Earnings Announcement Details
QuarterQ3 2026
Date08/05/2026
TimeBefore Open
Conference CallWednesday, August 5, 2026
DE:GFF Upcoming Earnings
Griffon's next earnings date is estimated for November 12, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
DE:GFF Q3 2026 Earnings Call
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Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational execution, disciplined capital allocation and meaningful strategic progress (transaction proceeds, debt paydown, share buybacks and maintained guidance). Key positives include revenue growth (+7%), adjusted EBITDA improvement, improved leverage, substantial cash proceeds from strategic transactions and continued shareholder returns. Headwinds include margin compression (gross margin down 1.7 pts), ongoing inflationary cost pressures, slight year-to-date free cash flow decline versus prior year and residential volume softness tied to housing market dynamics. Overall, the positives (growth, balance sheet repair, strategic monetizations and capital returns) meaningfully outweigh the negatives, though management notes cyclical demand risk tied to housing and commercial recovery.Company Guidance
Quarterly Revenue Growth
Third quarter revenue of $481.0 million, up 7% year-over-year organically (benefiting from ~6% favorable price/mix and ~1% volume). Company maintained full-year revenue guidance of $1.8 billion.
Adjusted EBITDA and Margin
Third quarter adjusted EBITDA of $125 million, up 2% year-over-year, with an EBITDA margin of 25.9%. Full-year adjusted EBITDA guidance of $458 million was maintained.
Improved GAAP and Adjusted Earnings
GAAP income from continuing operations was $66 million ($1.47 per share) versus a prior-year loss impacted by impairment charges. Adjusted net income from continuing operations was $68 million ($1.51 per share), up from $64 million ($1.39) in the prior-year quarter (approximately +8.6% in EPS on an adjusted basis).
Strong Free Cash Flow and CapEx Discipline
Year-to-date free cash flow from continuing operations was $194 million (full-year free cash flow expected to exceed net income). Year-to-date net capital expenditures were $24 million versus $32 million prior year, reflecting controlled investment.
Balance Sheet and Leverage Improvement
Net debt was $1.2 billion with net debt-to-EBITDA leverage of 2.2x (down from 2.5x a year earlier). Pro forma for the Australasia JV closing, leverage is ~2.0x and the new target leverage range is 1.5x–2.5x.
Major Strategic Transaction Proceeds
Closed Australasia JV and received $181 million in cash, a $49 million note receivable and a 49% equity interest. From strategic transactions overall, Griffon received $281 million in cash and $210 million in 10% PIK notes while retaining minority interests (book value $139 million).
Capital Return and Share Repurchases
Repurchased $53 million of stock in the quarter (626,000 shares at an average $85/share). Since April 2023 through June, repurchases totaled $664 million (12.1 million shares), reducing outstanding shares by ~21% versus Q2 FY2023. At June 30, $194 million remained available under the repurchase authorization.
Debt Paydown and Dividend
Subsequent to the quarter, repaid the remaining Term Loan B balance of $285 million. The Board authorized a regular quarterly dividend of $0.22 per share (60th consecutive quarterly dividend) with dividend CAGR of 19% since 2012.
Lowered Interest Expense Guidance
Fiscal 2026 interest expense is now expected to be $80 million, a $13 million reduction from prior guidance reflecting debt paydown and interest income from transaction PIK notes.
Operational Execution and Commercial Momentum
Management cited solid operational execution despite soft U.S. housing and commercial construction markets, ongoing product innovation, increased architectural/commercial inquiries, and seasonally improving volumes into Q4 and July trends that continued positively.
DE: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