Business Context and Reporting Period
This Form 8-K, dated August 7, 2026, is filed by Griffon Corporation to recast financial information from its fiscal year 2025 Form 10-K. The filing provides retrospective discontinued operations presentation for fiscal years ended September 30, 2025, 2024, and 2023. The recasting reflects the company's strategic shift to a single reportable segment following the divestiture of its AMES businesses.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It states that the recast consolidated financial statements reflecting these metrics are contained within Exhibit 99.1, which is not included in the provided text.
Material Changes Versus Prior Period
- Discontinued Operations: The AMES North America, AMES Australasia, and AMES U.K. operations are now classified as discontinued operations for all periods presented.
- Segment Structure: Griffon now operates as a single reportable segment. All prior period comparative segment information has been retrospectively adjusted to reflect this new structure.
- Strategic Transactions:
- Joint Venture (North America): Completed on June 9, 2026, combining AMES North America with Venanpri (ONCAP) to form a global hand tools and home organization provider.
- Joint Venture (Australasia): Completed on July 31, 2026, selling AMES Australasia to a management-led investment group.
- U.K. Liquidation: AMES U.K. operations ceased as of March 31, 2026, with the company currently liquidating assets and settling liabilities.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance or specific management commentary on future financial performance. It notes that the February 5, 2026 announcements met the criteria for "held for sale" classification. The filing updates Risk Factors, Cybersecurity, and Properties disclosures to align with the new single-segment structure and the exclusion of the AMES businesses from continuing operations.
Investor Verification Checklist
- Review Exhibit 99.1 for the specific recast financial statements (Revenue, Net Income, Cash Flow) for fiscal years 2023, 2024, and 2025.
- Verify the impact of the discontinued operations classification on historical earnings per share (EPS) and segment reporting.
- Confirm the status of the AMES U.K. liquidation process and any remaining liabilities associated with the divested entities.
- Assess the updated Risk Factors and Cybersecurity disclosures in the context of the reduced operational footprint.