Financial Data and Key Metrics Changes - In 2025, the company achieved record sales of $500 million, a 15% increase compared to the previous year, with Q4 sales increasing by 17% year-over-year [24][28] - Adjusted EBITDA for 2025 reached a record $189 million, up $43 million from 2024, with adjusted EBITDA margins increasing by 180 basis points [28][29] - Free cash flow conversion for 2025 was 138%, and 160% when excluding a one-time tax benefit [29] Business Line Data and Key Metrics Changes - Commercial aftermarket sales increased by 19% in 2025 compared to 2024, with a 34% increase in Q4 2025 versus Q4 2024, driven by strong demand for commercial air travel and an aging fleet [24][25] - Total commercial OEM sales rose by 11% in 2025, with an 8% increase in Q4 2025 compared to Q4 2024, attributed to higher sales across various platforms [26] - Defense sales grew by 19% in 2025 compared to 2024, with a 14% increase in Q4 2025 versus Q4 2024, due to strong demand and increased market share from new product launches [26] Market Data and Key Metrics Changes - The average age of the in-service fleet has increased from approximately 11 years pre-COVID to over 14 years, leading to greater demand for aftermarket parts [6] - The retirement rate of aircraft has decreased from 2.5% historically to 1.5% in 2025, contributing to increased demand for parts [6] - European nations have increased military spending significantly, with discussions of a $1.5 trillion defense budget in the US, creating opportunities for the company [8] Company Strategy and Development Direction - The company aims to grow sales organically by over 10% and Adjusted EBITDA by over 15% annually, leveraging a balanced portfolio of 50% original equipment and 50% aftermarket [8][10] - The company plans to focus on new product introductions as the primary driver of organic growth, with a pipeline representing over $600 million in sales opportunities over the next five years [10][11] - The company is committed to maintaining a disciplined approach to acquisitions, having invested over $1.1 billion in M&A since going public, and expects to continue this trend in 2026 [17][34] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong demand tailwinds across all end markets and the potential to exceed previous financial records in 2026 [5][30] - The company anticipates net sales between $640 million and $650 million for 2026, with Adjusted EBITDA between $253 million and $258 million, and an EBITDA margin of approximately 40% [32][33] - Management noted that the costs associated with being a public company are expected to stabilize, with no anticipated increase in these costs going forward [29] Other Important Information - The company has added new capabilities through acquisitions, including LMB and Harper, which are expected to enhance its product offerings and market reach [9][20] - The company emphasizes the importance of proprietary products, which now make up 89% of its portfolio, contributing to improved margins and growth [68] Q&A Session Summary Question: Clarification on adjusted EPS revision - Management explained that the adjusted EPS revision lower is due to transaction expenses and non-cash accounting adjustments related to recent acquisitions [36][40] Question: M&A pipeline and deal activity - Management indicated that the current market is seeing more active sellers and deal flow, suggesting potential for elevated deal activity above the historical range [41][42] Question: Organic sales growth components - Management highlighted that new product introductions will be the largest driver of organic growth moving forward, with a pro forma organic growth rate closer to 15% for 2025 [49][53] Question: Defense market growth potential - Management expressed confidence in their ability to address supply chain issues and capture defense growth opportunities, leveraging their capabilities and recent acquisitions [57][61] Question: Accretion on EPS from acquisitions - Management stated that they expect Harper to be accretive to net income within a year, driven by growth in earnings and EBITDA [72][73] Question: Commercial aftermarket growth dynamics - Management clarified that the strong growth in the commercial aftermarket was driven by high demand and not due to pull-forward orders or special distribution agreements [96][97]

Core Insights - SharkNinja, Inc. reported strong fourth-quarter 2025 results, with both revenue and earnings exceeding expectations and showing year-over-year growth [1][10] Financial Performance - Earnings per share (EPS) reached $1.93, surpassing the Zacks Consensus Estimate of $1.78, marking a 37.9% increase from $1.40 in the same quarter last year [1][10] - Net sales totaled $2.10 billion, up 17.6% year over year, exceeding the Zacks Consensus Estimate of $2.07 billion, and grew 16.2% on a constant-currency basis [3][10] - Adjusted gross profit rose 18.4% to $1.01 billion, with adjusted gross margin expanding by 40 basis points to 48.2% [4] - Adjusted operating income surged 43.2% to $367.3 million, representing 17.5% of net sales [7] Expense Analysis - Research and development expenses increased by 13.1% to $98.2 million, driven by higher personnel costs and increased expenses for prototypes and testing [5] - Sales and marketing expenses rose 8% to $458.7 million, influenced by higher delivery and distribution costs and personnel-related expenses [6] - General and administrative expenses decreased by 13%, attributed to lower personnel-related costs, partially offset by higher legal fees [6] Product and Category Performance - Cleaning Appliances net sales increased 3.4% to $669.9 million, supported by strong performance in carpet extractors and robotics [8] - Cooking and Beverage Appliances sales climbed 11.7% to $667.3 million, driven by the Ninja Luxe Cafe espresso machine [8] - Food Preparation Appliances saw a 28.1% increase in sales to $438 million, bolstered by strong sales in the frozen drinks category [9] - Beauty and Home Environment Appliances experienced a significant 63.2% growth to $326.2 million, driven by fans, air purifiers, and new product launches [9] Geographical Sales Performance - Domestic net sales rose 15.7% to $1.37 billion, while international net sales increased 21.4% to $729.1 million [11] Future Outlook - For fiscal 2026, SharkNinja projects net sales growth of 10-11% and adjusted EPS between $5.90 and $6.00, indicating continued growth [10][14] - Adjusted EBITDA is expected to be between $1,270 million and $1,280 million, reflecting an 11.8-12.7% increase from the previous year [14] - The company plans capital expenditures of $190-$210 million to support product launches and technology investments [14] Share Repurchase Program - The board has authorized a share repurchase program of up to $750 million, expected to commence in 2026 [13]

Q1 FY26 INVESTOR PRESENTATION February 2026 GRIFFON OVERVIEW $2.5B $579M $3.8B 23% $1.3B 5,173 Revenue Adj. EBITDA Market Cap 1 Adj. EBITDA Margin Net debt 2 Employees BREAKDOWN BY OPERATING SEGMENT CPP 37% Adjusted EBITDA (excl. unallocated) ($millions) Revenue U.S. 81% Int'l 19% $490 $89 CPP HBP HBP 63% Attractive portfolio of iconic, well -respected, and industry leading brands Copyright © 2025 Griffon Corporation. All rights reserved. Well - positioned to capitalize on long -term growth trends in repair ...

Copyright © 2025 Griffon Corporation. All rights reserved. Q4 FY25 INVESTOR PRESENTATION November 2025 GRIFFON OVERVIEW B R E A K D O W N B Y O P E R A T I N G S E G M E N T $2.5B $522M $3.2B 21% $1.3B 5,111 Revenue Adj. EBITDA Market Cap1 Adj. EBITDA Net debt2 CPP 37% 1. Closing price of $69.7/share on 11/14/2025 and 46,231,089 shares outstanding as of 10/31/25. 2. Net debt is defined as long-term debt less cash per Griffon's balance sheet Adjusted EBITDA (excl. unallocated) $millions) Revenue U.S. 81% Int ...