格里丰 2026年季度报告

FORM 10-Q The number of shares of common stock outstanding atJanuary31, 2026was 46,579,173. PART I - FINANCIAL INFORMATION GRIFFON CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) Table of Contents GRIFFON CORPORATION AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(US dollars and non US currencies in thousands, except per share data) (Unaudited) (Unless otherwise indicated, references to years or year-end refer to Griffon’s fiscal period ending September 30) NOTE 1 – DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION About Griffon Corporation Griffon Corporation (the “Company”, “Griffon”, “we” or “us”) is a diversified management and holding company that conductsbusiness through wholly-owned subsidiaries. Griffon oversees the operations of its subsidiaries, allocates resources among them andmanages their capital structures. Griffon provides direction and assistance to its subsidiaries in connection with acquisition and growth The Company was founded in 1959, is a Delaware corporation headquartered in New York, N.Y. and is listed on the New York Stock Griffon conducts its operations through two reportable segments: •Home and Building Products ("HBP") conducts its operations through Clopay Corporation ("Clopay"). Founded in 1964,Clopay is the largest manufacturer and marketer of garage doors and rolling steel doors in North America.Residential andcommercial sectional garage doors are sold through professional dealers and leading home center retail chains throughout North •Consumer and Professional Products (“CPP”) is a global provider of branded consumer and professional tools; residential,industrial and commercial fans; home storage and organization products; and products that enhance indoor and outdoorlifestyles. CPP sells products globally through a portfolio of leading brands including AMES, since 1774, Hunter, since 1886, On February 5, 2026, Griffon announced it entered into a definitive agreement to form a joint venture with ONCAP, the mid-marketprivate equity platform of Onex Corporation (TSX:ONEX), to create a leading global provider of hand tools, home organizationsolutions, and lawn and garden products for professionals and consumers. The joint venture will combine the United States andCanada businesses of Griffon’s AMES Companies (“AMES”) with the Bellota Tools, Corona, and Burgon & Ball businesses ofVenanpri, an ONCAP majority-owned portfolio company. The joint venture will be managed as a subsidiary of Venanpri which,together with other affiliates of ONCAP, will hold a 57% equity interest. Upon closing of the transaction, Griffon will receiveconsideration of $100,000 in cash, subject to working capital adjustments, will enter into a credit agreement with the joint venture toevidence a $161,100 second-lien loan provided to the joint venture, and will participate in the governance and oversight of the jointventure as a 43% equity holder. Griffon will accrue interest receivable on the second-lien loan through the date of maturity. The jointventure will be financed through committed debt financing, in addition to the second-lien loan provided by Griffon. This transaction is GRIFFON CORPORATION AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(US dollars and non US currencies in thousands, except per share data) (Unaudited) Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accountingprinciples generally accepted in the United States of America (“US GAAP”) for interim financial information, and the instructions toForm 10-Q and Article 10 of Regulation S-X. Accordingly, these financial statements do not include all the information and footnotesrequired by US GAAP for complete financial statements. As such, they should be read together with Griffon’s Annual Report on Form10-K for the fiscal year ended September30, 2025, which provides a more complete explanation of Griffon’s accounting policies, The Condensed Consolidated Balance Sheet information at September30, 2025 was derived from the audited financial statements The condensed consolidated financial statements include the accounts of Griffon and all subsidiaries. Intercompany accounts andtransactions have been eliminated in consolidation. Certain amounts in prior years may have been reclassified to conform to the The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions thataffect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements,and the reported amounts of revenue and expenses during the reporting periods. These estimates may be adjusted due to changes ineconomic, industry or customer financial conditions, as well as changes in technology or demand. Significant estimates includeexpected loss allowances fo