Griffon Corporation

Griffon closed the most recent trading day at $98.39, up 1.92% and outpacing the S&P 500's 0.51% gain, while the Dow rose 0.93% and the Nasdaq added 0.48%. The garage door and building products maker is expected to report earnings per share of $1.6 for its upcoming quarter, a 3.9% increase from the same quarter last year, alongside revenue of $480.94 million, which would mark a 27.37% decline from a year earlier. For the full year, the Zacks Consensus Estimates project earnings of $5.41 per share and revenue of $1.84 billion, changes of -4.25% and -27.05% respectively from the preceding year. Over the last 30 days the consensus EPS estimate has remained unchanged, and Griffon currently holds a Zacks Rank of #2 (Buy). The stock trades at a forward P/E of 17.83, a premium to its industry's average of 13.25, while the Diversified Operations industry carries a Zacks Industry Rank of 45, placing it within the top 19% of more than 250 industries.

Griffon Corporation reported fiscal third quarter 2026 revenue of $481.4 million, up 7% from the prior year, driven by a 6% favorable price and mix and 1% higher volume. Adjusted EBITDA increased 2% to $124.8 million, while adjusted earnings per share rose to $1.51 from $1.39 a year earlier. The company completed its transition to a pure-play building products company after closing joint ventures for its Australasia and North America businesses, receiving $281 million in total cash and $210 million in notes while retaining minority equity interests. Griffon repaid its remaining $285 million Term Loan B balance after the quarter and set a new net debt-to-EBITDA leverage target range of 1.5x to 2.5x. Management maintained full-year revenue guidance of $1.8 billion and adjusted EBITDA guidance of $458 million, and reduced expected interest expense to $80 million from $93 million.

Griffon is seeing strong demand in its Clopay residential garage doors and related products, while also benefiting from healthy activity in commercial construction products. Diversified manufacturing operations and aerospace and defense exposure are adding further momentum. The stock last closed at $95.92, with returns of 5.3% over the past week and 11.0% over the past month, and has delivered 27.8% year to date and 34.8% over the past year. Multiple parts of the business are moving in its favor at the same time, keeping attention on how the company uses this momentum to support future results and capital allocation decisions.

Zacks Equity Research identifies 3M, Griffon, GPGI, and Public Policy Holding Company as diversified operations stocks poised to benefit from favorable industry trends. The Zacks Diversified Operations industry is gaining from a strengthening manufacturing sector, with the ISM Manufacturing PMI reaching 54% in May, and robust demand in aerospace, defense, and home and building products. However, supply-chain disruptions remain a concern, with the ISM Supplier Deliveries Index indicating slower deliveries for the seventh straight month. The industry carries a Zacks Industry Rank of 100, placing it in the top 40% of 247 industries, though it has underperformed the S&P 500 over the past year, declining 5.8% versus the index's 23.3% gain. Among the highlighted stocks, GPGI holds a Zacks Rank #1 (Strong Buy), while 3M, Griffon, and Public Policy Holding each carry a Zacks Rank #2 (Buy).

Shares of Griffon and Fortune Brands jumped sharply after both chambers of Congress passed the bipartisan 21st Century ROAD to Housing Act, the most significant federal housing-supply legislation since 1990. Griffon rose 5.2% and Fortune Brands gained 8.3% as the bill aims to boost builder volumes by cutting red tape, streamlining environmental reviews, modernizing manufactured-housing rules, and barring institutional owners of 350-plus single-family homes from buying more existing homes. The legislation does not address the roughly 6.5–6.8% 30-year mortgage rate that remains a binding constraint on buyer demand, but it lowers building costs and friction while the 350-home cap nudges demand toward new construction. Adding to the positive momentum, peer KB Home reported second-quarter revenue of $1.11 billion, beating the $1.10 billion consensus, and the 10-year Treasury yield dropped below 4.5%, signaling robust demand for new construction despite affordability concerns.