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Griffon (GFF) investor relations material
Griffon Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Fiscal 2025 revenue was $2.5 billion, with a 21% adjusted EBITDA margin and $522 million in adjusted EBITDA, reflecting strong operational performance despite a challenging macroeconomic environment and a $217.2 million after-tax impairment charge in CPP.
Portfolio reshaping through acquisitions and divestitures, and a focus on core categories, have positioned the business for future growth and improved profitability.
Continued innovation and recognition in Home and Building Products (HBP), including industry awards and long-term partnerships.
CPP faced revenue declines due to weak demand and tariffs but achieved significant margin improvement through global sourcing and an asset-light model.
Returned $174 million to shareholders via dividends and share repurchases; leverage improved to 2.4x.
Financial highlights
Fiscal 2025 revenue was $2.5 billion, with HBP at $1.6 billion (flat year-over-year) and CPP at $936 million (down 10%); adjusted EBITDA was $522 million, up 2% year-over-year.
Adjusted EPS from continuing operations rose to $5.65 in FY25; gross margin for the year was 42.0%, up from 38.9% in 2024.
Fourth quarter revenue was $662 million, with adjusted EBITDA of $138 million and adjusted net income of $71 million ($1.54 per share), both consistent with the prior year.
Free cash flow for the year was $323 million; net debt reduced by $116 million to $1.31 billion; leverage ratio improved to 2.4x.
Net capital expenditures were $12 million in Q4; depreciation and amortization totaled $15.9 million.
Outlook and guidance
Fiscal 2026 revenue expected to be consistent with 2025 at $2.5 billion; adjusted EBITDA projected at $580–$600 million, with HBP EBITDA margin to exceed 30% and CPP margin around 10%.
Free cash flow for 2026 expected to exceed net income; capital expenditures planned at $60 million; interest expense forecast at $93 million, normalized tax rate at 28%.
Slight 1–2% decrease in first half of 2026 expected, with a pickup in the second half due to normal seasonality.
Regular quarterly dividend increased by 22% to $0.22 per share.
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