Griffon Q1 revenue rises 3%, beats estimates

Griffon

05/02/2026 12:41

Overview

Diversified management firm reported fiscal Q1 revenue up 3%, beating analyst expectations

Adjusted net income for fiscal Q1 rose slightly compared to prior year

Company announced joint venture with ONCAP and strategic alternatives for CPP businesses

Outlook

Griffon expects fiscal 2026 revenue from continuing operations to be $1.8 bln

Griffon projects fiscal 2026 adjusted EBITDA at $520 mln, excluding unallocated costs

Free cash flow from continuing operations expected to exceed net income in fiscal 2026

Result Drivers

HBP REVENUE GROWTH - Home and Building Products (HBP) revenue increased by 3% due to favorable pricing and mix, despite a 4% decline in volume

CPP PROFITABILITY - Home and Building Products (CPP) adjusted EBITDA increased by 19% due to improved revenue from price and mix, with volume gains in Australia and Canada

FREE CASH FLOW - Company reported $99 mln in free cash flow, highlighting solid operational performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$649.10 mln
$619.04 mln (7 Analysts)
Q1 Capex
$7.70 mln
Q1 Free Cash Flow
$99.30 mln
Q1 Net Debt
$1.26 bln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction supplies & fixtures peer group is "buy."

Wall Street's median 12-month price target for Griffon Corp is $100.00, about 18% above its February 4 closing price of $84.73

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBw7qrWMra

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)