Shares of Griffon Corporation (NYSE: GFF) surged 5.67% in pre-market trading on Wednesday following the company's announcement of better-than-expected fourth-quarter results and a positive outlook for fiscal year 2026.
Griffon reported quarterly earnings of $1.54 per share, beating analyst estimates of $1.51. The company's revenue for the quarter came in at $662.2 million, surpassing the consensus estimate of $632.8 million. This strong performance demonstrates Griffon's resilience in a challenging economic environment.
Adding to investor optimism, Griffon provided an upbeat outlook for fiscal year 2026, projecting revenue of $2.5 billion and adjusted EBITDA between $580 million and $600 million. The company also declared a regular quarterly cash dividend of $0.22 per share, further boosting shareholder confidence. These factors combined to drive the significant pre-market rally in Griffon's stock price.
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