GRIFFON CORPGFF

GRIFFON CORP Earnings Per Share Disclosure

10-KFiled Nov 19, 20251 min read
EARNINGS PER SHARE
Basic EPS was calculated by dividing income available to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted EPS was calculated by dividing income available to common shareholders by the weighted average number of shares of common stock outstanding plus additional common shares that could be issued in connection with stock-based compensation.
 
The following table is a reconciliation of the share amounts (in thousands) used in computing basic and diluted EPS for 2025, 2024 and 2023:
 202520242023
Common shares outstanding46,346 48,303 53,062 
Unallocated ESOP shares— (18)(196)
Non-vested restricted stock(1,593)(2,336)(3,111)
Impact of weighted average shares601 1,624 2,356 
Weighted average shares outstanding - basic45,354 47,573 52,111 
Incremental shares from stock based compensation1,331 2,095 2,501 
Weighted average shares outstanding - diluted46,685 49,668 54,612 
 
Shares of the ESOP that have been allocated to employee accounts are treated as outstanding in determining earnings per share.

Historical Timeline

Fiscal YearFiled
2025Nov 19, 2025Showing above
2024Nov 13, 2024
2023Nov 16, 2023
2022Nov 18, 2022
2021Nov 17, 2021
2020Nov 13, 2020
2019Nov 22, 2019
2018Nov 19, 2018
2017Nov 20, 2017

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

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