GFF — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-07

• Griffon Corporation (the “Company,” “Griffon,” “we” or “us”) is a leading provider of residential and commercial building products. The Company is the largest manufacturer and marketer of garage doors and rolling steel doors in North America. Sectional garage doors for residential and commercial app…

• The Company was founded in 1959, is organized as a Delaware corporation headquartered in New York, N.Y. and is listed on the New York Stock Exchange (NYSE:GFF).

• Our strategic objective is to maintain leading positions in the markets we serve by providing innovative, branded products with superior quality and industry-leading service. We strive to provide highly sought-after and differentiated products under well-regarded brands which clearly separate us fro…

• We have developed a diverse portfolio of product offerings and brands, sold through multiple sales and distribution channels, serving both residential and commercial end customers. This diversity provides stability to our operations and reduces the effects of external factors such as economic and co…

• In 2026, Griffon announced a series of strategic actions that, when completed, will transition the Company from a diversified industrial conglomerate into a pure-play provider of residential and commercial building products.

Text removed vs the prior filing · source: 10-Q · 2026-02-06

• Griffon Corporation (the “Company,” “Griffon,” "we" or "us") is a diversified management and holding company that conducts business through wholly-owned subsidiaries. The Company was founded in 1959, is a Delaware corporation headquartered in New York, N.Y. and is listed on the New York Stock Exchan…

• Our strategic objective is to maintain leading positions in the markets we serve by providing innovative, branded products with superior quality and industry-leading service. We place emphasis on our iconic and well-respected brands, which helps to differentiate us and our offerings from our competi…

• Through operating a diverse portfolio of businesses, we expect to reduce variability caused by external factors such as market cyclicality, seasonality, and weather. We achieve diversity by providing various product offerings and brands through multiple sales and distribution channels and conducting…

• Griffon oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. Griffon provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as divestitures. As long-term investors, we intend t…

• Since 2017, we have undertaken a series of transformative transactions to strengthen our core businesses and increase shareholder value. We divested our specialty plastics business in 2018 and our defense electronics (Telephonics) business in 2022 to focus on our core markets and improve our free ca…

Text added vs the prior filing · source: 10-Q · 2026-05-07

• Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds

• Assets of discontinued operations held for sale695,755 735,816

• Notes payable and current portion of long-term debt$8,018 $8,033

• Liabilities of discontinued operations held for sale226,923 250,390

• The accompanying notes to condensed consolidated financial statements are an integral part of these statements.

Text removed vs the prior filing · source: 10-Q · 2026-02-06

• Management's Quarterly Evaluation of Disclosure Controls and Procedures

• Under the supervision and with the participation of Griffon’s Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”), Griffon’s disclosure controls and procedures, as defined by Exchange Act Rule 13a-15(e) and 15d-15(e), were evaluated as of the end of the period covered by this report.…

• There were no changes in Griffon’s internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f)) that occurred during the three months ended December 31, 2025 that have materially affected, or are reasonably likely to materially affect, Griffon’s internal control over financi…

• Griffon believes that a control system, no matter how well designed and operated, cannot provide absolute assurance that the objectives of the control system are met, and no evaluation of controls can provide absolute assurance that all controls issues and instances of fraud, if any, within a compan…

• In addition to the other information set forth in this report, carefully consider the factors in Item 1A to Part I in Griffon’s Annual Report on Form 10-K for the year ended September 30, 2025, which could materially affect Griffon’s business, financial condition or future results. The risks describ…

Text added vs the prior filing · source: 10-Q · 2026-05-07

• Assets of discontinued operations held for sale695,755 735,816

• Liabilities of discontinued operations held for sale226,923 250,390

• Shares withheld on employee taxes on vested equity awards— — — — 6 (485)— (485)

• (1) For the six months ended March 31, 2026, stock-based compensation expense of $14,238 reflected in the Condensed Consolidated Statements of Shareholders' equity includes approximately $480 of stock-based compensation expense that is recorded within discontinued operations in our Condensed Consoli…

• The accompanying notes to condensed consolidated financial statements are an integral part of these statements.

Text removed vs the prior filing · source: 10-Q · 2026-02-06

• Accounts receivable, net of allowances of $11,354 and $10,086

• Total other comprehensive income (loss), net of taxes4,552 (17,699)

• Adjustments to reconcile net income to net cash provided by operating activities:

• Amortization of debt discounts and issuance costs1,052 1,029

• Increase in accounts payable, accrued liabilities, income taxes payable and operating lease liabilities286 25,941

Text added vs the prior filing · source: 10-Q · 2026-05-07

• Assets of discontinued operations held for sale695,755 735,816

• Liabilities of discontinued operations held for sale226,923 250,390

• Shares withheld on employee taxes on vested equity awards— — — — 6 (485)— (485)

• (1) For the six months ended March 31, 2026, stock-based compensation expense of $14,238 reflected in the Condensed Consolidated Statements of Shareholders' equity includes approximately $480 of stock-based compensation expense that is recorded within discontinued operations in our Condensed Consoli…

• The accompanying notes to condensed consolidated financial statements are an integral part of these statements.

Text removed vs the prior filing · source: 10-Q · 2026-02-06

• Accounts receivable, net of allowances of $11,354 and $10,086

• Total other comprehensive income (loss), net of taxes4,552 (17,699)

• Adjustments to reconcile net income to net cash provided by operating activities:

• Amortization of debt discounts and issuance costs1,052 1,029

• Increase in accounts payable, accrued liabilities, income taxes payable and operating lease liabilities286 25,941

Text added vs the prior filing · source: 10-Q · 2026-05-07

• Assets of discontinued operations held for sale695,755 735,816

• Liabilities of discontinued operations held for sale226,923 250,390

• Shares withheld on employee taxes on vested equity awards— — — — 6 (485)— (485)

• (1) For the six months ended March 31, 2026, stock-based compensation expense of $14,238 reflected in the Condensed Consolidated Statements of Shareholders' equity includes approximately $480 of stock-based compensation expense that is recorded within discontinued operations in our Condensed Consoli…

• The accompanying notes to condensed consolidated financial statements are an integral part of these statements.

Text removed vs the prior filing · source: 10-Q · 2026-02-06

• Accounts receivable, net of allowances of $11,354 and $10,086

• Total other comprehensive income (loss), net of taxes4,552 (17,699)

• Adjustments to reconcile net income to net cash provided by operating activities:

• Amortization of debt discounts and issuance costs1,052 1,029

• Increase in accounts payable, accrued liabilities, income taxes payable and operating lease liabilities286 25,941