Griffon Q2 revenue falls 1% but beats analyst estimates

Griffon

07/05/2026 12:46

Overview

US building products maker's fiscal Q2 revenue fell 1% yr/yr, but beat analyst expectations

Adjusted EBITDA for fiscal Q2 beat analyst expectations

Company repurchased $32.9 mln in shares during the quarter

Outlook

Griffon expects fiscal 2026 revenue from continuing operations of $1.8 bln

Company sees fiscal 2026 adjusted EBITDA at $458 mln, excluding certain charges

Griffon maintains its fiscal 2026 financial guidance

Result Drivers

LOWER VOLUME - Co said a 6% decline in volume, mainly in residential products, drove revenue lower

PRICE AND MIX - Favorable price and mix, up 5%, partially offset lower volume in both residential and commercial

HIGHER MATERIAL COSTS - Increased material costs and lower volume impacted overhead absorption

Company press release: ID:nBw2fH9LKa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$421.90 mln
$414.63 mln (7 Analysts)
Q2 Adjusted EBITDA continuing operations
Beat
$97.80 mln
$96.69 mln (7 Analysts)
Q2 Net Debt
$1.30 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 $115.00, about 24.2% above its May 6 closing price of $92.58

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)