Griffon Corp
NYSE:GFF
Griffon Corp
Griffon Corporation, a company with a storied past, has managed to embed itself into the everyday lives of consumers across multiple sectors, making its mark through strategic diversification and precision. Founded in 1959, Griffon operates through its three main subsidiaries: Consumer and Professional Products, Home and Building Products, and Defense Electronics. Each of these divisions tells a part of Griffon's narrative. In Consumer and Professional Products, Griffon, through its subsidiary AMES, stands as a titan in the production of tools and outdoor living products, fulfilling both everyday backyard tasks and the needs of professional landscapers. This segment thrives on a dual approach of innovation and acquisition, blending established brands with strategic expansions in North America and beyond.
Their Home and Building Products segment, prominently represented by Clopay, offers a testament to enduring craftsmanship, focusing on the manufacture of garage doors and related products. This operation streams revenue by serving markets demanding for both new constructions and replacements, tapping into trends for enhanced home aesthetics and security. On the technological frontier, the Defense Electronics segment, executed through Telephonics Corporation, captures sophisticated markets by providing defense electronics used in military and aviation sectors, thus operating in the high-stakes arena of national security. Griffon's cohesive yet diverse portfolio demonstrates a calculated synergy, balancing steady consumer-driven revenues with the less predictable but potentially high-margin defense contracts, showcasing their ability to adapt and thrive through market ebbs and flows.
Griffon Corporation, a company with a storied past, has managed to embed itself into the everyday lives of consumers across multiple sectors, making its mark through strategic diversification and precision. Founded in 1959, Griffon operates through its three main subsidiaries: Consumer and Professional Products, Home and Building Products, and Defense Electronics. Each of these divisions tells a part of Griffon's narrative. In Consumer and Professional Products, Griffon, through its subsidiary AMES, stands as a titan in the production of tools and outdoor living products, fulfilling both everyday backyard tasks and the needs of professional landscapers. This segment thrives on a dual approach of innovation and acquisition, blending established brands with strategic expansions in North America and beyond.
Their Home and Building Products segment, prominently represented by Clopay, offers a testament to enduring craftsmanship, focusing on the manufacture of garage doors and related products. This operation streams revenue by serving markets demanding for both new constructions and replacements, tapping into trends for enhanced home aesthetics and security. On the technological frontier, the Defense Electronics segment, executed through Telephonics Corporation, captures sophisticated markets by providing defense electronics used in military and aviation sectors, thus operating in the high-stakes arena of national security. Griffon's cohesive yet diverse portfolio demonstrates a calculated synergy, balancing steady consumer-driven revenues with the less predictable but potentially high-margin defense contracts, showcasing their ability to adapt and thrive through market ebbs and flows.
HBP Strength: Home & Building Products segment delivered strong results with stable revenue of $1.6 billion and robust EBITDA margin of 31.2% for the year.
CPP Margin Expansion: Consumer and Professional Products segment improved EBITDA margin by over 200 basis points to approximately 10%, despite a 10% revenue decline due to weak consumer demand and tariffs.
Shareholder Returns: Griffon returned $174 million to shareholders through dividends and buybacks, increased the quarterly dividend by 22%, and repurchased 1.9 million shares in 2025.
Debt Reduction: The company used $323 million of free cash flow to pay down $116 million in debt, reducing leverage from 2.6x to 2.4x.
2026 Guidance: Fiscal 2026 revenue is expected to be consistent with 2025 at $2.5 billion, with adjusted EBITDA projected between $580 million and $600 million; HBP margin above 30% and CPP margin near 10%.
Macro & Demand: Management sees continued macro headwinds but is optimistic about long-term growth from repair/remodel activity and residential market recovery.
