Griffon reported fiscal 2026 Q1 revenue of $649.1 million, a 3 percent increase over the prior year’s $632.4 million, driven by favorable pricing and mix across its core businesses. GAAP net income was $64.4 million, or $1.41 per share, compared with $70.9 million, or $1.49 per share, in Q1 2025. Excluding non-recurring items, adjusted net income rose to $66.3 million, or $1.45 per share, surpassing the Zacks consensus estimate of $1.34. Adjusted EBITDA was $129.6 million, down 1 percent year-over-year, with unallocated corporate overhead of $15.0 million.

Home and Building Products (HBP) generated $408.0 million in revenue, up 3 percent, reflecting a 7 percent price/mix benefit partially offset by a 4 percent volume decline in residential. HBP adjusted EBITDA was $122.8 million, down 3 percent due to higher materials and labor costs and absorption impacts. Consumer and Professional Products (CPP) delivered $241.1 million in revenue, a 2 percent gain on stronger price/mix and volume growth in Australia and Canada, while U.S. volumes softened. CPP adjusted EBITDA rose 19 percent to $21.7 million, benefiting from margin improvements and operating leverage.

As of December 31, Griffon held $95.3 million in cash against $1.35 billion of debt, reducing net debt by $60.0 million in the quarter and leaving net leverage at 2.3x adjusted EBITDA. Free cash flow was $99.3 million, with capex of $7.7 million. The company announced a joint venture with ONCAP to combine its AMES U.S. and Canada business with Venanpri Tools, receiving $100 million in cash and $161 million of second-lien debt in exchange for a 43 percent equity stake; AMES Australia (expected to generate $40 million of adjusted EBITDA in fiscal 2026) and UK operations are under strategic review. Griffon reaffirmed its full-year outlook for $1.8 billion in continuing-operations revenue and $520 million of adjusted EBITDA, excluding $62 million of corporate costs.