REPORTABLE SEGMENTS (Tables)

3 Months Ended

Dec. 31, 2025

Schedule of Segment Reporting Information

Information on Griffon’s reportable segments is as follows:


	For the Three Months Ended December 31,
REVENUE	2025		2024
Home and Building Products	$	408,004	$	395,401
Consumer and Professional Products	241,084		236,970
Total revenue	$	649,088	$	632,371

The following two tables provide a reconciliation of revenue to segment adjusted EBITDA and segment adjusted EBITDA to income before taxes:


	Home and Building Products				Consumer and Professional Products
	For the Three Months Ended December 31,				For the Three Months Ended December 31,
	2025		2024		2025		2024
Revenue	$	408,004	$	395,401	$	241,084	$	236,970
Adjusted costs of goods and services (1)	(216,965)		(201,728)		(165,358)		(166,367)
Adjusted selling, general and administrative expenses (2)	(72,594)		(70,694)		(66,196)		(65,841)
Depreciation and amortization	4,401		4,275		11,129		11,218
Other segment items (3)	(11)		(212)		1,071		2,212
Segment adjusted EBITDA (4)	$	122,835	$	127,042	$	21,730	$	18,192


	For the Three Months Ended December 31,
	2025		2024
Segment adjusted EBITDA:
Home and Building Products	$	122,835	$	127,042
Consumer and Professional Products	21,730		18,192



Segment adjusted EBITDA	144,565		145,234
Unallocated amounts, excluding depreciation(5)	(14,984)		(14,042)

Net interest expense	(21,747)		(24,481)
Depreciation and amortization	(15,703)		(15,614)
Impact of retirement plan events	(1,609)		—
Loss from debt extinguishment	(556)		—

Gain on sale of real estate	—		7,974
Strategic review - retention and other	—		(1,651)





Income before taxes	$	89,966	$	97,420

_____________________________

(1) Adjusted costs of goods and services excludes items that may affect comparability, as applicable, and includes depreciation and amortization.

(2) Adjusted selling, general and administrative expenses excludes strategic review - retention and other expenses, and includes depreciation and amortization.

(3) The Other segment items category includes rental income, foreign exchange gains/losses and other miscellaneous expenses.

(4) Segment adjusted EBITDA includes other income and excludes depreciation, amortization and normalized items.

(5) Unallocated amounts mainly consists of corporate overhead costs maintained at the corporate level, which are not allocated to the business segments. These expenses include equity-based compensation costs, expenses relating to treasury, accounting, consulting, advisory, legal, tax and audit, insurance, financial reporting services and various administrative expenses related to corporate headquarters.


	For the Three Months Ended December 31,
DEPRECIATION and AMORTIZATION	2025		2024
Segment:
Home and Building Products	$	4,401	$	4,275
Consumer and Professional Products	11,129		11,218



Total segment depreciation and amortization	15,530		15,493
Corporate	173		121
Total consolidated depreciation and amortization	$	15,703	$	15,614

	For the Three Months Ended December 31,
	2025		2024

CAPITAL EXPENDITURES
Segment:
Home and Building Products	$	5,208	$	8,831
Consumer and Professional Products	2,342		4,361



Total segment capital expenditures	7,550		13,192
Corporate	112		4,264
Total consolidated capital expenditures	$	7,662	$	17,456


ASSETS	At December 31, 2025		At September 30, 2025
Segment assets:
Home and Building Products	$	757,973	$	770,072
Consumer and Professional Products(1)	1,172,427		1,164,957

Total segment assets	1,930,400		1,935,029
Corporate	118,414		122,607
Total continuing assets	2,048,814		2,057,636

Discontinued operations	5,988		6,001
Consolidated total	$	2,054,802	$	2,063,637

(1) The net book value of certain owned CPP manufacturing properties, which ceased operations and have met the criteria to be classified as held for sale, totaled $5,534 and $5,609 as of December 31, 2025 and September 30, 2025, respectively.

Schedule of Disaggregation of Revenue by End Market and Segment

The following table presents revenue disaggregated by end market and segment:


	Three Months Ended December 31,
	2025		2024
Residential repair and remodel(1)	$	202,111	$	194,682
Commercial	173,414		166,867
Residential new construction(1)	32,479		33,852
Total Home and Building Products	408,004		395,401
Residential repair and remodel	68,202		70,259
Retail	47,340		47,263
Residential new construction	13,678		14,381
Industrial	14,066		13,854
International excluding North America	97,798		91,213
Total Consumer and Professional Products	241,084		236,970








Total Consolidated Revenue	$	649,088	$	632,371

_____________________

(1) The breakout between residential new construction and residential repair and remodel contains certain management assumptions, such as customer and product type.

The following table presents revenue disaggregated by geography based on the location of the Company's customer:



	For the Three Months Ended December 31,
	2025						2024
	HBP		CPP		Total			HBP		CPP		Total
United States	$	392,792	$	122,525	$	515,317		$	378,258	$	128,823	$	507,081
Europe	—		4,161		4,161			—		4,540		4,540
Canada	11,430		21,330		32,760			14,116		16,004		30,120
Australia	—		89,826		89,826			—		83,131		83,131
All other countries	3,782		3,242		7,024			3,027		4,472		7,499
Consolidated revenue	$	408,004	$	241,084	$	649,088		$	395,401	$	236,970	$	632,371

GRIFFON CORP 10-Q