Griffon Corp Recasts Financials; AMES Businesses Classified as Discontinued

What Happened
Griffon Corporation (GFF) filed an 8‑K on Aug 7, 2026 to disclose retrospective recasting of its consolidated financial statements for fiscal years ended Sep 30, 2025, 2024 and 2023 to present certain AMES businesses as discontinued operations. The recast reflects strategic transactions announced Feb 5, 2026 (a definitive agreement to form a joint venture with ONCAP/Onex for AMES North America) and subsequent actions: the AMES North America JV was completed June 9, 2026; an agreement to sell AMES Australasia was announced June 8, 2026 and that JV closed July 31, 2026; AMES U.K. operations ceased as of Mar 31, 2026 and are being liquidated. The company now reports as a single reportable segment and applied the new segment structure and discontinued operations presentation retrospectively in Exhibit 99.1.

Key Details

• Griffon began classifying AMES businesses as held for sale/discontinued starting with its Form 10‑Q for the quarter ended Mar 31, 2026.
• The AMES North America JV was announced Feb 5, 2026 with ONCAP (Venanpri portfolio companies) and completed on June 9, 2026.
• Agreement to sell AMES Australasia to a management‑led investor group was announced June 8, 2026 and the joint venture closed July 31, 2026; AMES U.K. operations ceased on Mar 31, 2026.
• The filing includes Exhibit 99.1 with the recast financial statements and updated disclosures for Parts I and II of the 2025 Form 10‑K (e.g., Business, Risk Factors, MD&A, Financial Statements).

Why It Matters
For investors, this changes how past results are presented and compared: AMES-related results will appear as discontinued operations (separate from continuing operations), and Griffon now discloses only one reportable segment going forward. That affects key metrics and trend analysis (revenues, operating income, segment disclosures). Review Exhibit 99.1 and the company’s subsequent 10‑Q/10‑K filings to see the restated historical figures and updated MD&A before making valuation or performance comparisons.