GFF News & Events

Griffon announced a set of strategic actions. Griffon announced the initiation of a review of strategic alternatives for CPP's AMES Australia operations. AMES Australia is expected to generate approximately $40M of adjusted EBITDA in fiscal 2026. Griffon has also initiated a review of strategic alternatives for CPP's AMES United Kingdom operations. Griffon also announced the Hunter Fan Company, currently within the CPP segment, will be combined with the Home and Building Products segment. As a result of these actions, beginning with Griffon's second quarter 2026 reporting, AMES U.S., Canada, Australia, and UK will be reported as discontinued operations. The joint venture will be financed through committed debt financing as well as the Griffon second-lien debt. This transaction is subject to customary closing conditions, and is expected to be completed by the end of June.

Reports Q1 revenue $649.09M, consensus $619.38M. "We are pleased with our first quarter performance, highlighted by free cash flow of $99 million, continued solid operating performance at Home and Building Products, and improved profitability at Consumer and Professional Products," said Ronald Kramer, chairman and CEO. "We are on track to meet our updated financial targets for the year."