Griffon Corporation (NYSE:GFF) has announced its fiscal year and fourth quarter results for the period ending September 30, 2025.
In fiscal 2025, Griffon reported a total revenue of $2.5 billion, representing a 4% decrease compared to the previous year's revenue of $2.6 billion. The net income for fiscal 2025 was $51.1 million, or $1.09 per share, a significant decline from the prior year's $209.9 million, or $4.23 per share. However, the adjusted net income for fiscal 2025, which excludes all items affecting comparability, increased to $263.6 million, or $5.65 per share, 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, showing a 2% increase from the prior year's $513.6 million. Excluding unallocated amounts, the adjusted EBITDA for 2025 was $580.1 million, a 1% increase from the prior year's $573.6 million.
In the fourth quarter, revenue totaled $662.2 million, compared to $659.7 million in the prior year quarter. The net income for the fourth quarter was $43.6 million, or $0.95 per share, down from $62.5 million, or $1.29 per share, in the prior year quarter. However, the adjusted net income for the current year fourth quarter was $70.9 million, or $1.54 per share, compared to $70.9 million, or $1.47 per share, in the prior year fourth quarter.
The company generated $323 million of free cash flow during the year, supporting the repurchase of 1.9 million Griffon shares and regular quarterly dividends. Griffon returned a total of $174 million to shareholders in 2025 through dividends and share repurchases, while improving its year-over-year leverage to 2.4x from 2.6x in the prior year.
Griffon's segment operating results were as follows: Home and Building Products (HBP) segment reported revenue of $1.6 billion in 2025, consistent with the prior year. The adjusted EBITDA for HBP in 2025 was $494.6 million, a 1% decrease from 2024. Consumer and Professional Products (CPP) segment revenue in 2025 was $0.9 billion, a decline of 10% compared to 2024. However, the adjusted EBITDA for CPP in 2025 increased by 18% to $85.5 million compared to 2024.
As of September 30, 2025, Griffon had cash and equivalents of $99.0 million and total debt outstanding of $1.41 billion, resulting in net debt of $1.31 billion. Leverage, as calculated in accordance with the company's credit agreement, was 2.4x net debt to EBITDA at September 30, 2025, compared to 2.6x at September 30, 2024. The company's free cash flow was $323.0 million in fiscal 2025.
Looking ahead to 2026, Griffon expects revenue to remain at $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.
Griffon Corporation will hold a conference call on November 19, 2025, at 8:30 am ET to discuss these results.
These figures and developments indicate both challenges and improvements for Griffon Corporation in the fiscal year and fourth quarter ended September 30, 2025. Today the company's shares have moved 1.59% to a price of $67.925. For more information, read the company's full 8-K submission here.
