Griffon Corp Reports 4% Revenue Drop

By Ahmed Jameison • Wednesday, November 19 10:22 • Permanent Link

Griffon Corporation ("Griffon" or the "Company") (NYSE:GFF) released its annual and fourth quarter results for the fiscal year ending September 30, 2025. The company reported a 4% decrease in revenue for fiscal 2025, which totaled $2.5 billion, compared to $2.6 billion in the prior year. Net income for fiscal 2025 also saw a significant decline, totaling $51.1 million, or $1.09 per share, compared to $209.9 million, or $4.23 per share, in the prior year. However, adjusted net income, which excludes all items affecting comparability, increased to $263.6 million, or $5.65 per share in fiscal 2025, compared to $254.2 million, or $5.12 per share, in the prior year.

The company's adjusted EBITDA for fiscal 2025 was $522.3 million, marking a 2% increase from the prior year. Adjusted EBITDA excluding unallocated amounts was $580.1 million in 2025, reflecting a 1% increase from the prior year.

For the fourth quarter, revenue totaled $662.2 million compared to $659.7 million in the prior year quarter. However, net income for the fourth quarter saw a decline, totaling $43.6 million, or $0.95 per share, compared to $62.5 million, or $1.29 per share, in the prior year quarter. Adjusted net income for the fourth quarter was $70.9 million, or $1.54 per share, consistent with the prior year fourth quarter.

The Home and Building Products (HBP) segment showed consistent revenue in 2025, totaling $1.6 billion, with a 3% increase in revenue for the current quarter. However, the Consumer and Professional Products (CPP) segment experienced a decline in revenue, totaling $0.9 billion for 2025 and a 4% decrease for the current quarter.

The company's leverage improved to 2.4x from 2.6x in the prior year, and it returned a total of $174 million to shareholders in 2025 through dividends and share repurchases.

Looking ahead to 2026, Griffon expects revenue to be $2.5 billion, with adjusted EBITDA in a range of $580 million to $600 million, excluding unallocated costs of $58 million. The company also announced a 22% increase in its regular quarterly dividend to $0.22 per share.

The press release also provided details on a share repurchase program, free cash flow, interest expense, and the company's normalized tax rate for fiscal year 2026.

Investors can access more information during the conference call scheduled for November 19, 2025, at 8:30 am ET.

Today the company's shares have moved 0.1% to a price of $66.86. For the full picture, make sure to review GRIFFON CORP's 8-K report.

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