Griffon Corporation is a diversified management and holding company that engages in various sectors, including home and building products, as well as telecommunications. The company focuses on the acquisition and development of businesses with robust growth potential, leveraging its expertise to maximize operational efficiencies and enhance product offerings. With a commitment to innovation, Griffon provides a range of products and services that cater to residential and commercial markets, aiming to deliver high-quality solutions that meet the evolving needs of consumers and businesses alike.
Multi-industry consumer and professional products manufacturer Griffon Corporation (NYSE:GFF) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 2.9% year on year to $659.7 million. On the other hand, the company’s full-year revenue guidance of $2.6 billion at the midpoint came in 2.3% below analysts’ estimates. Its non-GAAP profit of $1.47 per share was 24.8% above analysts’ consensus estimates.
Griffon reported better-than-expected fourth-quarter earnings, with revenue growth of 3% year-over-year to $659.67 million, beating the consensus. Griffon's board approved an additional $400 million share buyback and raised the quarterly dividend by 20%.
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.
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.
Multi-industry consumer and professional products manufacturer Griffon Corporation (NYSE:GFF)
will be announcing earnings results tomorrow before market hours. Here’s what you need to know.
Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) today announced it will release the Company’s fiscal fourth quarter results on Wednesday, November 13, 2024, followed by a conference call at 8:30 AM ET.
The Board of Directors of Griffon Corporation (NYSE: GFF) (the “Company” or “Griffon”) yesterday declared a regular quarterly cash dividend of $0.15 per share. The dividend is payable on September 19, 2024 to shareholders of record as of the close of business on August 28, 2024.
Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) today announced it will release the Company’s fiscal third quarter results on Wednesday, August 7, 2024, followed by a conference call at 8:30 AM ET.
Griffon Corporation (NYSE: GFF) (the “Company” or “Griffon”) announced that its subsidiary, The AMES Companies, Inc., (“AMES”) acquired Pope, a leading Australian provider of residential watering products, from The Toro Company (NYSE:TTC). This is AMES’s seventh acquisition in Australia since 2013, and further expands AMES’s product portfolio in the Australian market. Pope is expected to contribute approximately $25 million in annualized revenue and be accretive to Griffon’s earnings in the first full year of ownership. Financial terms of the transaction were not disclosed.
Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) announced today that it has completed a favorable repricing of the outstanding balance of $459 million of its Secured Term Loan B facility (“Term Loan B”), which matures in January 2029. The spread above the Secured Overnight Financing Rate (“SOFR”) will be reduced by 25 basis points and the Credit Spread Adjustment (“CSA”) will be removed. The repricing also reduces the applicable SOFR floor from 50 to 0 basis points. All other terms are substantially unchanged. The Company estimates the Term Loan B repricing will result in savings of $1.8 million of annual cash interest expense based on current outstanding balance.
Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Griffon Corporation (NYSE: GFF) concerning the Company and its directors’ and officers’ possible violations of state laws.
The Board of Directors of Griffon Corporation (NYSE: GFF) (the “Company” or “Griffon”) yesterday declared a regular quarterly cash dividend of $0.15 per share. The dividend is payable on June 20, 2024 to shareholders of record as of the close of business on May 29, 2024.
Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) today announced it will release the Company’s fiscal second quarter results on Wednesday, May 8, 2024, followed by a conference call at 8:30 AM ET.
