Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal year and fourth quarter ended September 30, 2024. Revenue for fiscal 2024 totaled $2.6 billion, a 2% decrease compared to the $2.7 billion in the prior year. Fiscal 2024 net income totaled $209.9 million, or $4.23 per share, compared to $77.6 million, or $1.42 per share, in the prior year. Excluding all items that affect comparability from both periods, current year adjusted net income was...
The Board of Directors of Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) has authorized the repurchase of an additional $400 million worth of shares of Griffon common stock. Since April 2023 and through November 12, 2024, under previous authorizations, Griffon repurchased a total of 9.4 million shares of its common stock, or 16.4% of the outstanding shares, for a total of $458 million or an average price of $48.74 per share. As of the market open today, Griffon has a total...
The Board of Directors of Griffon Corporation (NYSE: GFF) (the “Company” or “Griffon”) yesterday declared a regular quarterly cash dividend of $0.18 per share. The dividend is payable on December 18, 2024 to shareholders of record as of the close of business on November 25, 2024. About Griffon Corporation Griffon is a diversified management and holding company that conducts business through wholly-owned subsidiaries. Griffon oversees the operations of its subsidiaries, allocates...
Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal 2023 third quarter ended June 30, 2023. Revenue for the third quarter totaled $683.4 million, an 11% decrease compared to $768.2 million in the prior year quarter. Income from continuing operations totaled $49.2 million, or $0.90 per share, compared to $52.8 million, or $0.98 per share, in the prior year quarter. Excluding all items that affect comparability from both periods, adjusted...
Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) announced today that it amended its credit agreement (the “Amended Credit Agreement”) to increase the size of its revolving credit facility (the “Revolver Facility”) from $400 million to $500 million, and extend the maturity of the Revolver Facility from March 22, 2025 to August 1, 2028. The Amended Credit Agreement continues to provide for a Term Loan B facility, which matures on January 24, 2029. Commenting on the...
The Board of Directors of Griffon Corporation (NYSE: GFF) (the “Company” or “Griffon”) yesterday declared a regular quarterly cash dividend of $0.125 per share. The dividend is payable on September 14, 2023, to shareholders of record as of the close of business on August 23, 2023. About Griffon Corporation Griffon is a diversified management and holding company that conducts business through wholly-owned subsidiaries. Griffon oversees the operations of its subsidiaries, allocates...
LAS VEGAS, NV / ACCESSWIRE / August 2, 2023 / Dr. Malone, AMJ GLOBAL ENTERTAINMENT LLC and its wholly owned subsidiary AMJ Griffon Telehealth is proud to announce that we have begun our outreach to work with Veterans and the underserved. Dr. Malone states "I am proud to announce that I have received a commitment that is helping me provide a needed service to those who are financially challenged." The gift will allow us to bring 80 families and up to 400 people to use our Telehealth and have 24hr...
Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) today announced it will release the Company’s fiscal third quarter results on Wednesday, August 2, 2023, followed by a conference call at 8:30 AM ET. The call can be accessed by dialing 1-844-825-9789 (U.S. participants) or 1-412-317-5180 (International participants). Callers should ask to be connected to the Griffon Corporation teleconference or provide conference ID number 5130874. Participants are encouraged to dial-in at...
Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today announced it will present at the CJS Securities 23rd Annual “New Ideas” Summer Investor Conference on Tuesday, July 11, 2023 in White Plains, NY. A copy of Griffon’s investor presentation, which will be used at the conference, will be available at the time of the conference in the investor relations section of Griffon’s website ( www.griffon.com ). About Griffon Corporation Griffon is a diversified management and...
Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal 2023 second quarter ended March 31, 2023. Revenue for the second quarter totaled $711.0 million, a 9% decrease compared to $779.6 million in the prior year quarter. Adjusting for the period Griffon did not own Hunter Fan Company ("Hunter") in the prior year quarter, organic revenue decreased 12%. During fiscal 2023 second quarter, Griffon recorded $132.8 million, net of tax, or $2.40 per...
The Board of Directors of Griffon Corporation (NYSE: GFF) (the “Company” or “Griffon”) yesterday declared a regular quarterly cash dividend of $0.125 per share. The dividend is payable on June 15, 2023, to shareholders of record as of the close of business on May 25, 2023. About Griffon Corporation Griffon is a diversified management and holding company that conducts business through wholly-owned subsidiaries. Griffon oversees the operations of its subsidiaries, allocates resources among...
Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) today announced it will release the Company’s fiscal second quarter results on Wednesday, May 3, 2023, followed by a conference call at 8:30 AM ET. The call can be accessed by dialing 1-888-886-7786 (U.S. participants) or 1-416-764-8658 (International participants). Callers should ask to be connected to the Griffon Corporation teleconference or provide conference ID number 49851739. Participants are encouraged to dial-in at...
Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) announced today its Board of Directors unanimously decided to conclude its review of strategic alternatives. After extensive evaluation and deliberation, the Board determined the ongoing execution of the Company’s strategic plan is the best way to maximize value for shareholders at this time. Also today, the Griffon Board approved two actions to return additional capital to shareholders. First, Griffon increased its share...
Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal 2023 first quarter ended December 31, 2022. Revenue for the first quarter totaled $649.4 million, a 10% increase compared to $591.7 million in the prior year quarter. Excluding the Hunter acquisition, Revenue increased 1% to $595.3 million. Hunter contributed $54.1 million. Income from continuing operations totaled $48.7 million, or $0.88 per share, compared to $16.7 million, or $0.31 per...
The Board of Directors of Griffon Corporation (NYSE: GFF) (the “Company” or “Griffon”) yesterday declared a regular quarterly cash dividend of $0.10 per share. The dividend is payable on March 23, 2023, to shareholders of record as of the close of business on February 23, 2023. About Griffon Corporation Griffon is a diversified management and holding company that conducts business through wholly-owned subsidiaries. Griffon oversees the operations of its subsidiaries, allocates resources...
Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) announced today that it has entered into a cooperation agreement (the “Cooperation Agreement”) with Voss Capital (“Voss”), which owns approximately 6.0% of the Company’s outstanding common stock, including the appointment of Travis W. Cocke, Chief Investment Officer of Voss, to Griffon’s Board of Directors (the “Board”). Mr. Cocke will fill the vacancy resulting from the recent passing of Admiral Robert G....
Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal year and fourth quarter ended September 30, 2022. Revenue for Fiscal 2022 totaled $2.8 billion, a 25% increase compared to the $2.3 billion in the prior year. As a result of a non-cash impairment charge of $454.8 million, net of tax, or $8.43 per share, taken in the fiscal 2022 fourth quarter, and other items that affect comparability in both 2022 and 2021, loss from continuing operations in...
The Board of Directors of Griffon Corporation (NYSE: GFF) (the “Company” or “Griffon”) yesterday declared a regular quarterly cash dividend of $0.10 per share. The dividend is payable on December 16, 2022, to shareholders of record as of the close of business on November 29, 2022. About Griffon Corporation Griffon is a diversified management and holding company that conducts business through wholly-owned subsidiaries. Griffon oversees the operations of its subsidiaries, allocates...
In response to shareholder inquiries, Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today said that its strategic alternatives process is active and ongoing. The Committee on Strategic Considerations, a committee comprised of independent directors who serve on Griffon’s Board, is overseeing the process. Together with management, this committee continues to work closely with Goldman Sachs & Co. LLC, the Company’s financial advisor. As previously announced, the Board is...