How much authorization remains in Griffon's repurchase program?

As of June 30, 2026, $193.8 million remained under the Board-authorized share repurchase program. This is separate from the execution in Q3; it represents available capacity for future repurchases.

What was Griffon's average repurchase price over the past three years?

Since April 2023 through June 30, 2026, Griffon purchased 12.1 million shares at an average price of $54.86 per share for a total of $664.1 million. The Q3 price of $85 per share reflects appreciation over that period.

How do share repurchases fit into Griffon's capital allocation?

CEO Ronald Kramer stated the company will 'continue to follow our balanced capital allocation strategy to maintain our strong balance sheet while returning value to our shareholders.' In the first nine months of 2026, Griffon returned $135 million through dividends and repurchases while reducing net debt leverage to 2.2x.

What impact do these repurchases have on Griffon's share count?

Over nine months of fiscal 2026, Griffon's diluted weighted-average shares decreased from 46.9 million (June 2025) to 45.5 million (June 2026). The net reduction reflects both repurchases and stock-based compensation activity.

What execution method does Griffon use for repurchases?

The filing does not disclose whether repurchases occur under Rule 10b-18, an accelerated share repurchase agreement, a 10b5-1 plan, or another mechanism. The company reports only the aggregate quarterly execution.

GFF 8-K Filed 2026-08-05 Execution disclosure

Griffon repurchased 626K shares for $53.2M in Q3 2026

Paid average of $85 per share; $193.8M remains under Board authorization

Shares repurchased626K

Avg price paid$85.00

Remaining$194M

MechanismNot specified

What the filing says

Griffon Corporation executed share repurchases totaling 626,000 shares at an average price of $85.00 per share during the third quarter ended June 30, 2026, for a total outlay of $53.2 million. As of quarter-end, $193.8 million remained available under the Board's authorized repurchase program.

The company repurchased shares as part of a balanced capital allocation strategy. During the first nine months of fiscal 2026, Griffon returned $135 million to shareholders through both dividends and share repurchases while simultaneously reducing net debt to EBITDA leverage from 2.5x (June 30, 2025) to 2.2x (June 30, 2026).

Since April 2023 through June 30, 2026, Griffon has purchased a cumulative 12.1 million shares representing 21.2% of outstanding shares at an average price of $54.86 per share for a total investment of $664.1 million. The filing does not specify the execution mechanism (e.g., Rule 10b-18, ASR, or 10b5-1 plan) for these repurchases.

Share repurchases during the quarter ended June 30, 2026 totaled 626 thousand shares of common stock, for a total of $53.2 million, or an average of $85.00 per share. As of June 30, 2026, $193.8 million remained under the Board authorized share repurchase program. — GRIFFON CORP 8-K filing · View on SEC EDGAR →

What this means

Griffon's Q3 repurchases reflect an opportunistic execution at $85 per share, representing a 55% premium to the average price paid over the prior three-year period ($54.86). The company is managing capital returns within a disciplined framework: simultaneous debt reduction and shareholder distributions during a period of improved operational performance (Q3 revenue up 7% year-over-year). With $193.8 million remaining authorization, the program maintains dry powder while the company continues integration of recently announced strategic joint ventures. Share count reduction (from 45.5M to approximately 43.9M weighted-average shares over nine months) modestly offsets dilution from stock compensation, though the primary strategic focus remains balance-sheet strengthening.

Frequently asked questions

How much authorization remains in Griffon's repurchase program?: As of June 30, 2026, $193.8 million remained under the Board-authorized share repurchase program. This is separate from the execution in Q3; it represents available capacity for future repurchases.
What was Griffon's average repurchase price over the past three years?: Since April 2023 through June 30, 2026, Griffon purchased 12.1 million shares at an average price of $54.86 per share for a total of $664.1 million. The Q3 price of $85 per share reflects appreciation over that period.
How do share repurchases fit into Griffon's capital allocation?: CEO Ronald Kramer stated the company will 'continue to follow our balanced capital allocation strategy to maintain our strong balance sheet while returning value to our shareholders.' In the first nine months of 2026, Griffon returned $135 million through dividends and repurchases while reducing net debt leverage to 2.2x.
What impact do these repurchases have on Griffon's share count?: Over nine months of fiscal 2026, Griffon's diluted weighted-average shares decreased from 46.9 million (June 2025) to 45.5 million (June 2026). The net reduction reflects both repurchases and stock-based compensation activity.
What execution method does Griffon use for repurchases?: The filing does not disclose whether repurchases occur under Rule 10b-18, an accelerated share repurchase agreement, a 10b5-1 plan, or another mechanism. The company reports only the aggregate quarterly execution.

execution mid-cap industrials balanced-capital-allocation debt-reduction

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.