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Copyright © 2025 Griffon Corporation. All rights reserved. February 2026 Q1 FY26 INVESTOR PRESENTATION
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Copyright © 2025 Griffon Corporation. All rights reserved. BREAKDOWN BY OPERATING SEGMENT $2.5B $579M $3.8B 23% $1.3B 5,173 Revenue Adj. EBITDA Market Cap 1 Adj. EBITDA Margin Net debt 2 Employees CPP 3 7 % 2 GRIFFON OVERVIEW Note: Financial results for the trailing twelve months (TTM) ended 12 /31/2025 and metrics as of 12 /31/2025. See reconciliation of GAAP to non - GAAP measures in appendix. 1. Closing price of $81.14/share on 2 /2/2026 and 46,57 9,173 shares outstanding as of 1/31 /26. 2. Net debt is defined as long - term debt less cash per Griffon’s balance sheet Adjusted EBITDA (excl. unallocated) ($millions) Revenue Attractive portfolio of iconic, well - respected, and industry leading brands HOME AND BUILDING PRODUCTS (HBP) is one of North America’s largest manufacturers and marketers of garage and rolling steel doors, and grille products sold under the Clopay, Ideal, Holmes, Cornell and Cookson brands CONSUMER AND PROFESSIONAL PRODUCTS (CPP) is a global provider of residential, industrial, and commercial fans; consumer and professional tools; products that enhance indoor and outdoor lifestyles; and home storage and organization solutions sold through brands including Hunter Fan, AMES, True Temper, Razor - Back, Jackson, and ClosetMaid Well - positioned to capitalize on long - term growth trends in repair and remodeling, commercial construction and housing demographics Strong customer relationships built on decades of performance in product innovation, sourcing, manufacturing and distribution Compelling opportunity for shareholder value creation supported by operating performance, deleveraging and capital allocation priorities U.S. 81% Int’l 19% $490 $89 CPP HBP HBP 6 3 %
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Copyright © 2025 Griffon Corporation. All rights reserved. Home and Building Products Consumer and Professional Products 3 LEADING BRANDS IN CORE CATEGORIES Residential Garage Doors Storage and Organization Outdoor Decor Lawn and Garden Residential Commercial and Industrial Fans Commercial Garage Doors
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Copyright © 2025 Griffon Corporation. All rights reserved. HBP Capacity Expansion: Sectional Door (2016 - 21), Rolling Steel Door (2019 - 21) HBP Modernization: Sectional Door (2023 - Present) CPP and HBP: Business Intelligence Platforms, Digital Commerce and Distribution (2019 - 23) Systems Engineering Group (2021) Telephonics (2022) Griffon has taken a number of strategic steps over the last several years to strengthen the business, and position it for future growth and increased profitability 2018 2020 2022 Reshapes portfolio and enhances focus on core categories Establishes runway for growth and further strengthens core 2026 & Beyond Griffon is poised to capitalize on secular market trends, and improve margins and free cash flow generation to enhance shareholder value HBP growth driven by increasing market penetration coupled with productivity from ongoing efficiency initiatives CPP growth driven by the expansion of its proven asset - light model, recovery of consumer market demand, and ongoing efficiency initiatives Clopay Plastics (2018) ACQUISITIONS 2018 2018 2022 INVESTMENTS DIVESTITURES PORTFOLIO RESHAPING CREATES NEW PHASE OF GROWTH 4
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Copyright © 2025 Griffon Corporation. All rights reserved. 2,848 2,685 2,624 2,520 2,537 FY22 FY23 FY24 FY25 TTM 1Q26 5 STRONG PERFORMANCE AND VALUE CREATION See reconciliation of GAAP to non - GAAP measures in appendix. Revenue ($mm) - 3.5% CAGR 458 505 514 522 521 FY22 FY23 FY24 FY25 TTM 1Q26 2.9x 2.6x 2.6x 2.4x 2.3x FY22 FY23 FY24 FY25 TTM 1Q26 $4.07 $4.54 $5.12 $5.65 $5.71 FY22 FY23 FY24 FY25 TTM 1Q26 Adjusted EPS from continuing operations 11.0% CAGR Net debt to EBITDA leverage 21% Reduction Adjusted EBITDA ($mm) 4.0% CAGR
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Copyright © 2025 Griffon Corporation. All rights reserved. A leading provider of residential and commercial sectional and rolling steel doors , and grille products in North America 6 HOME AND BUILDING PRODUCTS SEGMENT Note: Financial results for the trailing twelve months (TTM) ended 12/31/2025 and metrics as of 12 /31/2025. See reconciliation of GAAP to non - GAAP measures in appendix. $1.6B Revenue $490M EBITDA 30.7% EBITDA Margin ≈ 2% Capex to Revenue 3,048 Employees 57 Distribution Centers 4 Manufacturing Centers 3.5M sqft Manufacturing and Distribution Footprint Revenue by Market 8% Residential New Construction 43% Commercial 49% Residential Repair & Remodel Revenue by Geography 4% International 96% United States
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Copyright © 2025 Griffon Corporation. All rights reserved. RESIDENTIAL GARAGE DOORS COMMERCIAL SECTIONAL AND ROLLING STEEL Robust portfolio of residential and commercial products Premium, recognized and specified brands that are market leaders in their categories Extensive design, manufacturing, and logistics capabilities, with 57 distribution centers in North America Customer network of 3,000+ professional dealers and leading home centers Investments in product development, technology and capacity driving innovation and growth 7 HOME AND BUILDING PRODUCTS RESILIENT AND SUSTAINABLE MODEL BOLSTERED BY STRONG MARKET TREND S
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Copyright © 2025 Griffon Corporation. All rights reserved. 3.8M sqft 8 CONSUMER AND PROFESSIONAL PRODUCTS SEGMENT Note: Financial results for the trailing twelve months (TTM) ended 12 /31/2025 and metrics as of 12 /31/2025. See reconciliation of GAAP to non - GAAP measures in appendix. $940M Revenue $89M EBITDA 9.5% EBITDA Margin < 2% Capex to Revenue 2,089 Employees Global Distribution Footprint Residential, industrial, and commercial fans ; consumer and professional tools ; products that enhance indoor and outdoor lifestyles ; and home storage and organization solutions 30% Residential Repair & Remodel 8% Industrial 6% Residential New Construction 18% Retail 38% International (excl. N.A.) Revenue by Market 32% Australia3% Other 54% United States 7% Canada 4% Europe Revenue by Geography
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Copyright © 2025 Griffon Corporation. All rights reserved. LAWN AND GARDEN, OUTDOOR DECOR STORAGE AND ORGANIZATION RESIDENTIAL, COMMERCIAL AND INDUSTRIAL FANS Broad, iconic portfolio of market - leading branded products widely recognized and respected by consumers and professionals Strong, long - term customer relationships and diverse channels to market New product development driven by technology and innovation Proven global sourcing and logistics capabilities 9 CONSUMER AND PROFESSIONAL PRODUCTS LEADING GLOBAL HOUSEHOLD BRANDS ANCHOR COMPETITIVE ADVANTAGES
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Copyright © 2025 Griffon Corporation. All rights reserved. Repair and remodel activity remains elevated (>$515B annual spend) given the increased demand for housing, limited new stock and aging inventory Commercial construction demand continues to grow with focus on efficiency, security and resiliency U.S. housing is under - built and current stock is aging (median age of owner - occupied housing in 2023: 41 years) Maturing Millennial and Gen Z populations driving increase in household formation Outdoor living remains popular driving demand for products used in and around the home Source: Harvard Joint Center for Housing Studies; National Association of Home Builders, U.S. Census Bureau 10 MACROECONOMIC TRENDS DRIVING PRODUCT DEMAND
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Copyright © 2025 Griffon Corporation. All rights reserved. 11 CAPITAL ALLOCATION STRATEGY ENHANCES SHAREHOLDER VALUE 1. As of December 31 , 202 5 2. See reconciliation of GAAP to non - GAAP measures in appendix for calculations of Net debt and Leverage ratio . 321 Share buybacks – $ 280 M authorization 1 remains Purchased $578M in shares, or 19.3% of outstanding shares, since April 2023 Dividends – annualized CAGR of 19% since 2012 Debt paydown – $1.3B net debt 2 Current leverage 2 2.3x Target 2.5x - 3.5x Invest in innovation and productivity Tuck - in acquisitions RETURN CAPITAL TO SHAREHOLDERS REDUCE LEVERAGE INVEST AND GROW
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Copyright © 2025 Griffon Corporation. All rights reserved. 12 ATTRACTIVE EBITDA MARGIN PROFILE ▪ Resiliency of repair and remodeling activity ▪ Above market growth in residential and commercial ▪ Ongoing technology and productivity initiatives ▪ New product introductions ▪ Expansion of proven asset - light model across the segment to significantly improve margin and free cash flow profile ▪ Recovery of consumer market demand ▪ Ongoing technology and productivity initiatives HOME AND BUILDING PRODUCTS CONSUMER AND PROFESSIONAL PRODUCTS 31.2% 9.1% FY2025A DRIVERS FY2026 GUIDANCE 30%+ ~10%
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Copyright © 2025 Griffon Corporation. All rights reserved. 13
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Copyright © 2025 Griffon Corporation. All rights reserved. APPENDIX
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Copyright © 2025 Griffon Corporation. All rights reserved. 15 SALES AND EBITDA BY SEGMENT $1,507 $1,588 $1,589 $1,584 1,597 $1,342 $1,097 $1,035 $936 940 $2,848 $2,685 $2,624 $2,520 2,537 FY22 FY23 FY24 FY25 TTM 1Q26 Revenue ($mm) EBITDA before unallocated expenses ($mm) $413 $511 $501 $495 490 $99 $50 $73 $86 89 $512 $561 $574 $581 579 FY22 FY23 FY24 FY25 TTM 1Q26 HBP CPP See reconciliation of GAAP to non - GAAP measures in appendix. Sums may not equal due to rounding
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Copyright © 2025 Griffon Corporation. All rights reserved. 16 GAAP TO NON-GAAP RECONCILIATION 1. Griffon defines adjusted EBITDA as operating results before interest income and expense, income taxes, depreciation and am ort ization, restructuring charges, debt extinguishment (net), and acquisition related expenses, as well as other items that may affect comparability, as applicable. Multiple of Multiple of Multiple of Multiple of Multiple of ($US in millions) 9/30/2022 EBITDA 9/30/2023 EBITDA 9/30/2024 EBITDA 9/30/2025 EBITDA 12/31/2025 EBITDA Senior Notes due 2028 974.8$ 1.91 x 974.8$ 1.84 x 974.8$ 1.80 x 974.8$ 1.78 x 974.8$ 1.78 x Term Loan B due 2029 496.0 0.97 x 463.0 0.87 x 457.0 0.85 x 449.0 0.82 x 389.0 0.71 x Revolver due 2028 97.3 0.19 x 50.4 0.09 x 107.5 0.20 x - 0.00 x - 0.00 x Capital lease and other debt 27.5 0.05 x 1.6 0.00 x 0.4 0.00 x 0.3 0.00 x 0.4 0.00 x Total gross debt 1,595.6$ 3.13 x 1,489.8$ 2.81 x 1,539.7$ 2.85 x 1,424.1$ 2.60 x 1,364.2$ 2.49 x Cash and cash equivalents (120.2) (0.24x) (102.9) (0.19x) (114.4) (0.21x) (99.0) (0.18x) (95.3) (0.17x) Net debt 1,475.4$ 2.89 x 1,386.9$ 2.61 x 1,425.3$ 2.64 x 1,325.1$ 2.42 x 1,268.9$ 2.3 x Adjusted TTM EBITDA 509.7$ 531.0$ 540.4$ 547.8$ 547.2$ Adjusted EBITDA (per debt compliance) Adjusted EBITDA1 458.2$ 505.3$ 513.6$ 522.3$ 520.7$ Discontinued operations adjustments - - - Acquisition proforma adjustments 28.9 - - Stock and ESOP-based compensation 22.6 25.7 26.8 25.5 26.5 Adjusted EBITDA (per debt compliance) 509.7$ 531.0$ 540.4$ 547.8$ 547.2$ GRIFFON CORPORATION AND SUBSIDIARIES NET DEBT AND LEVERAGE BANK COMPLIANCE (Unaudited)
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Copyright © 2025 Griffon Corporation. All rights reserved. 17 GAAP TO NON-GAAP RECONCILIATION 1. Griffon defines adjusted EBITDA as operating results before interest income and expense, income taxes, depreciation and am ort ization, restructuring charges, debt extinguishment (net), and acquisition related expenses, as well as other items that may affect comparability, as applicable. 2. Primarily corporate overhead (US dollars in thousands, except per share data) For the Three Months Ended December 31, Trailing Twelve Months Ended December 31, 2025 2024 2023 2022 2025 2024 2025 REVENUE Home and Building Products 1,584,182$ 1,588,625$ 1,588,505$ 1,506,882$ 408,004$ 395,401$ 1,596,785$ Consumer and Professional Products 935,744 1,034,895 1,096,678 1,341,606 241,084 236,970 939,858 Total 2,519,926$ 2,623,520$ 2,685,183$ 2,848,488$ 649,088$ 632,371$ 2,536,643$ ADJUSTED EBITDA1 Home and Building Products 494,576$ 501,001$ 510,876$ 412,738$ 122,835$ 127,042$ 490,369$ Consumer and Professional Products 85,545 72,632 50,343 99,308 21,730 18,192 89,083 Segment adjusted EBITDA 580,121 573,633 561,219 512,046 144,565 145,234 579,452 Unallocated amounts, excluding depreciation2 (57,828) (60,031) (55,887) (53,888) (14,984) (14,042) (58,770) Adjusted EBITDA 522,293 513,602 505,332 458,158 129,581 131,192 520,682 Net interest expense (93,857) (101,652) (99,351) (84,164) (21,747) (24,481) (91,123) Depreciation and amortization (63,014) (60,704) (65,445) (64,658) (15,703) (15,614) (63,103) Gain (loss) on sale of real estate 8,279 (61) 12,655 - - 7,974 305 Goodwill and intangible asset impairments (243,612) - (109,200) (517,027) - - (243,612) Debt extinguishment, net - (1,700) (437) (4,529) (556) - (556) Restructuring charges - (41,309) (92,468) (16,782) - - - Impact of retirement plan events 1,165 - - - (1,609) (444) Acquisition costs - (441) - (9,303) - - - Proxy expenses - - (2,685) (6,952) - - - Special dividend ESOP charges - - (15,494) (10,538) - - - Strategic review - retention and other (3,883) (10,594) (20,225) (9,683) - (1,651) (2,232) Fair value step-up of acquired inventory sold - (491) - (5,401) - - - Income (loss) before taxes from continuing operations 127,371$ 296,650$ 112,682$ (270,879)$ 89,966$ 97,420$ 119,917$ GRIFFON CORPORATION AND SUBSIDIARIES RECONCILIATION OF GAAP to NON-GAAP MEASURES - CONTINUING OPERATIONS ADJUSTED EBITDA - BY REPORTABLE SEGMENT (Unaudited) For the Years Ended September 30,
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Copyright © 2025 Griffon Corporation. All rights reserved. 18 GAAP TO NON-GAAP RECONCILIATION Note: Due to rounding, the sum of earnings per common share and adjusting items, net of tax, may not equal adjusted per common shar e (In thousands, except per share data) Trailing Twelve Months Ended December 31, 2025 2024 2023 2022 2025 2024 2025 Income (loss) from continuing operations 51,110$ 209,897$ 77,617$ (287,715)$ 64,387$ 70,851$ 44,646$ Adjusting items, net of tax: Restructuring charges - 41,309 92,468 16,782 - - - Debt extinguishment, net - 1,700 437 4,529 556 - 556 Acquisition costs - 441 - 9,303 - - - Strategic review - retention and other 3,883 10,594 20,225 9,683 - 1,651 2,232 Impact of retirement plan events (1,165) - - - 1,609 - 444 Special dividend ESOP charges - - 15,494 10,538 - - - Proxy expenses - - 2,685 6,952 - - - Fair value step-up of acquired inventory sold - 491 - 5,401 - - - Goodwill and intangible asset impairments 243,612 - 109,200 517,027 - - 243,612 (Gain) loss on sale of real estate (8,279) 61 (12,655) - - (7,974) (305) Tax impact of above items (25,269) (13,832) (57,925) (76,627) (518) 1,595 (27,382) Discrete and certain other tax provisions (benefits), net (303) 3,586 175 3,913 268 (250) 215 Adjusted income from continuing operations 263,589$ 254,247$ 247,721$ 219,786$ 66,302$ 65,873$ 264,018$ Earnings (loss) per common share from continuing operations 1.09$ 4.23$ 1.42$ (5.57)$ 1.41$ 1.49$ 1.01$ Adjusting items, net of tax: Anti-dilutive share impact - - - 0.24 - - - Restructuring charges - 0.62 1.26 0.23 - - - Debt extinguishment, net - 0.03 0.01 0.06 0.01 - 0.01 Acquisition costs - 0.01 - 0.15 - - - Strategic review - retention and other 0.06 0.16 0.28 0.13 - 0.03 0.03 Impact of retirement plan events (0.02) - - - 0.03 - 0.01 Special dividend ESOP charges - - 0.22 0.15 - - - Proxy expenses - - 0.04 0.10 - - - Fair value step-up of acquired inventory sold - 0.01 - 0.07 - - - Goodwill and intangible asset impairments 4.65 - 1.49 8.43 - - 4.65 (Gain) loss on sale of real estate (0.13) - (0.18) - - (0.13) - Discrete and certain other tax provisions (benefits), net (0.01) 0.07 - 0.07 0.01 (0.01) 0.01 Adjusted Earnings per common share from continuing operations 5.65$ 5.12$ 4.54$ 4.07$ 1.45$ 1.39$ 5.71$ For the Three Months Ended December 31, INCOME (LOSS) TO ADJUSTED INCOME (LOSS) and DILUTED EARNINGS (LOSS) PER SHARE TO ADJUSTED EARNINGS PER SHARE (Unaudited) RECONCILIATION OF GAAP to NON-GAAP MEASURES - CONTINUING OPERATIONS GRIFFON CORPORATION AND SUBSIDIARIES For the Years Ended September 30,
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Copyright © 2025 Griffon Corporation. All rights reserved. 19 DISCLAIMER “Safe Harbor” Statements under the Private Securities Litigation Reform Act of 1995 : All statements related to, among other things, income (loss), earnings, cash flows, revenue, changes in operations, operating improvements, industries in which Griffon Corporation (the “Company” or “Griffon”) operates and the United States and global economies that are not historical are hereby identified as “forward - looking statements,” and may be indicated by words or phrases such as “anticipates,” “supports,” “plans,” “projects,” “expects,” “believes,” "achieves", “should,” “would,” “could,” “hope,” “forecast,” “management is of the opinion,” “may,” “will,” “estimates,” “intends,” “explores,” “opportunities,” the negative of these expressions, use of the future tense and similar words or phrases . Such forward - looking statements are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed in any forward - looking statements . These risks and uncertainties include, among others : current economic conditions and uncertainties in the housing, credit and capital markets ; Griffon’s ability to achieve expected savings and improved operational results from cost control, restructuring, integration and disposal initiatives (including the expanded CPP global outsourcing strategy announced in May 2023 ) ; the ability to identify and successfully consummate, and integrate, value - adding acquisition opportunities ; increasing competition and pricing pressures in the markets served by Griffon’s operating companies ; the ability of Griffon’s operating companies to expand into new geographic and product markets, and to anticipate and meet customer demands for new products and product enhancements and innovations ; increases in the cost or lack of availability of raw materials such as steel, resin and wood, components or purchased finished goods, including any potential impact on costs or availability resulting from tariffs ; changes in customer demand or loss of a material customer at one of Griffon’s operating companies ; the potential impact of seasonal variations and uncertain weather patterns on certain of Griffon’s businesses ; political events or military conflicts that could impact the worldwide economy ; a downgrade in Griffon’s credit ratings ; changes in international economic conditions including inflation, interest rate and currency exchange fluctuations ; the reliance by certain of Griffon’s businesses on particular third party suppliers and manufacturers to meet customer demands ; the relative mix of products and services offered by Griffon’s businesses, which impacts margins and operating efficiencies ; short - term capacity constraints or prolonged excess capacity ; unforeseen developments in contingencies, such as litigation, regulatory and environmental matters ; Griffon’s ability to adequately protect and maintain the validity of patent and other intellectual property rights ; the cyclical nature of the businesses of certain of Griffon’s operating companies ; possible terrorist threats and actions and their impact on the global economy ; effects of possible IT system failures, data breaches or cyber - attacks ; the impact of pandemics, on the U . S . and the global economy, including business disruptions, reductions in employment and an increase in business and operating facility failures, specifically among our customers and suppliers ; Griffon’s ability to service and refinance its debt ; and the impact of recent and future legislative and regulatory changes, including, without limitation, changes in tax laws . Such statements reflect the views of the Company with respect to future events and are subject to these and other risks, as previously disclosed in the Company’s Securities and Exchange Commission filings . Readers are cautioned not to place undue reliance on these forward - looking statements . These forward - looking statements speak only as of the date made . Griffon undertakes no obligation to publicly update or revise any forward - looking statements, whether as a result of new information, future events or otherwise, except as required by law .