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Recent Updates — GFF

August 19, 2026View Source ↗

Griffon Corporation completed a $800 million private placement of 6.25% senior notes due October 1, 2034, generating approximately $792 million in net proceeds. Concurrently, the company entered into an amendment to its credit agreement that refinances existing revolving commitments with a new $500 million revolving credit facility maturing on August 18, 2031. The amended facility includes a $125 million letter of credit sub-facility and a $200 million multicurrency sub-facility, while eliminating the previous annual capital expenditures financial covenant. Griffon Corporation operates in the home improvement products industry.

August 11, 2026View Source ↗

On August 10, 2026, Griffon Corporation entered into a Purchase Agreement to issue and sell $800 million aggregate principal amount of its 6.25% senior notes due 2034. The company intends to use the net proceeds from this offering to redeem all outstanding 5.750% Senior Notes due 2028 and pay related fees, expenses, premiums, and accrued interest. The closing date for the transaction is scheduled for August 18, 2026. Griffon Corporation operates in the industrial manufacturing sector, producing building products such as garage doors, entry doors, windows, and hardware.

August 10, 2026View Source ↗

Griffon Corporation announced on August 10, 2026, the commencement of a private placement offering $800 million in aggregate principal amount of senior unsecured notes due 2034. The company intends to use the proceeds, combined with cash on hand and revolver borrowings, to redeem all outstanding 5.75% Senior Notes due 2028 at the applicable redemption price plus accrued interest, and to pay related fees and expenses. The notes are guaranteed by certain domestic subsidiaries and will be offered solely to qualified institutional buyers under Rule 144A or outside the U.S. under Regulation S. Griffon Corporation operates in the building products industry, manufacturing hardware, home improvement products, and construction materials.

August 5, 2026View Source ↗

Griffon Corporation reported fiscal third quarter results for the period ended June 30, 2026. Revenue increased 7% to $481.4 million from $449.7 million in the prior year, driven by favorable price and mix and increased volume. Income from continuing operations turned positive at $66.3 million ($1.47 diluted EPS), compared to a loss of $108.7 million ($2.40 diluted EPS) previously. Adjusted income from continuing operations was $68.0 million ($1.51 adjusted EPS). The company completed joint ventures for its AMES Australasia and North America businesses, receiving $281 million in cash and notes receivable. Griffon provided full-year 2026 guidance of $1.8 billion revenue and $458 million adjusted EBITDA. Griffon Corporation is a leading provider of residential and commercial building products.

August 4, 2026View Source ↗

Griffon Corporation closed the sale of its AMES Australasia business to a joint venture on July 31, 2026. Griffon received AUD $258 million (USD $181 million) in cash and issued an AUD 69.3 million (USD $48.6 million) paid-in-kind note receivable maturing in six years with 10% interest. Griffon retains a 49% equity interest, while the remaining 51% is held by an investment group led by Simon Hupfeld. Concurrently, Griffon repaid the remaining $285 million balance of its Term Loan B using proceeds from the transaction and revolver borrowings. The filing includes unaudited pro forma financial statements reflecting the disposition of AMES Australasia alongside prior dispositions of AMES North America and the wind-down of AMES U.K. Griffon Corporation is a leading provider of residential and commercial building products, including garage doors and ceiling fans.