Griffon Q3 revenue beats on residential, commercial segment growth

Griffon

05/08/2026 12:45

Overview
US building products maker's fiscal Q3 revenue rose 7%, beating analyst expectations
Adjusted EBITDA for fiscal Q3 beat analyst expectations
Company repurchased $53.2 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
Fiscal 2026 interest expense now expected to be $80 mln, reflecting reduced debt

Result Drivers
PRICE AND MIX - Co said favorable price and mix, driven by both residential and commercial segments, contributed 6% to Q3 revenue growth
VOLUME INCREASE - Co said increased volume, primarily in residential, contributed 1% to Q3 revenue growth
HIGHER COSTS - Increased material and selling, general and administrative costs partially offset revenue gains

Company press release: ID:nBw92hLGsa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$481.40 mln
$457.77 mln (7 Analysts)
Q3 Adjusted EBITDA continuing operations
Beat
$124.80 mln
$119.40 mln (7 Analysts)
Q3 Net Debt
 
$1.20 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 Corporation is $115.00, about 22.9% above its August 4 closing price of $93.58
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

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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.)