Description

Griffon Is No Longer Just A Garage Door Play — Here’s Why Its Pure-Play Pivot Matters!

Griffon Corporation reported its second quarter fiscal 2026 results following a strategic refocus as a pure-play North American building products company. This reorientation included the formation of a joint venture involving the AMES North America businesses and active strategic reviews of AMES Australia and the AMES United Kingdom operations, the latter of which Griffon plans to exit due to ongoing economic challenges. Consequently, the company’s continuing operations are now presented as a single reporting segment, with Global AMES businesses reclassified as discontinued operations. Financially, Griffon experienced a slight decline in revenue, with second quarter sales of $422 million representing a 1% decrease year-over-year, primarily due to a 6% volume decline driven by residential markets, partly offset by a 5% increase from price and mix improvements. Adjusted EBITDA decreased 4% to $98 million, with a corresponding EBITDA margin contraction of 60 basis points to 23.2%.