v3.26.1
DISCONTINUED OPERATIONS (Tables)
 6 Months Ended
Mar. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Assets and Liabilities of Discontinued Operations Reported in Condensed Consolidated Balance Sheets
The following amounts related to AMES have been segregated from Griffon's continuing operations and are reported as discontinued operations:
For the Three Months Ended March 31,
For the Six Months Ended March 31,
2026202520262025
Revenue$206,349 $185,062 $401,177 $373,979 
Cost of goods and services159,777 131,197 296,573 267,226 
Gross profit46,572 53,865 104,604 106,753 
Selling, general and administrative expenses62,178 43,587 106,264 88,721 
Income (loss) from discontinued operations
(15,606)10,278 (1,660)18,032 
Other income (expense):
Gain on sale of real estate
— 183 — 8,157 
Interest income, net141 394 150 653 
Loss on expected sale of U.S. and Canada businesses
(22,648)— (22,648)— 
Other, net343 195 631 1,758 
Total other income (expense)(22,164)772 (21,867)10,568 
Income (loss) from discontinued operations before taxes
$(37,770)$11,050 $(23,527)$28,600 
Provision (benefit) for income taxes
(10,151)4,093 (4,723)9,928 
Income (loss) from discontinued operations
$(27,619)$6,957 $(18,804)$18,672 
The following amounts related to the AMES discontinued operations have been segregated from Griffon’s continuing operations, and are reported as assets and liabilities of discontinued operations in the Condensed Consolidated Balance Sheets:
At March 31, 2026
At September 30,
20262025
CURRENT ASSETS
Cash and equivalents$— $— 
Accounts receivable, net102,956 93,850 
Inventories247,588 269,025 
Prepaid and other current assets13,918 12,282 
PROPERTY, PLANT AND EQUIPMENT, net94,710 103,187 
OPERATING LEASE RIGHT-OF-USE ASSETS112,903 114,788 
GOODWILL1,664 1,664 
INTANGIBLE ASSETS, net122,758 124,159 
OTHER ASSETS21,906 16,861 
VALUATION ALLOWANCE(1)
(22,648)— 
Total Assets Held for Sale
$695,755 $735,816 
CURRENT LIABILITIES
Notes payable and current portion of long-term debt$84 $70 
Accounts payable65,267 79,822 
Accrued liabilities37,702 42,034 
Current portion of operating lease liabilities17,575 16,834 
LONG-TERM DEBT, net236 110 
LONG-TERM OPERATING LEASE LIABILITIES101,303 106,750 
OTHER LIABILITIES4,756 4,770 
Total Liabilities Held for Sale
$226,923 $250,390 
_______________________________________
(1) The Company recorded a loss of $22,648 consisting of a write-down of $14,332 for the carrying value of assets to its fair value and $8,316 associated with the estimated costs to sell for AMES' United States and Canada in connection with the anticipated joint venture transaction.