Welcome to our dedicated page for Griffon news (Ticker: GFF), a resource for investors and traders seeking the latest updates and insights on Griffon stock.
Griffon Corporation (NYSE: GFF) provides investors and industry stakeholders with comprehensive updates on strategic developments across its home and building products subsidiaries. This centralized resource aggregates official press releases, financial disclosures, and operational announcements from Griffon's diversified portfolio.
Access real-time updates on manufacturing innovations, acquisition strategies, and management initiatives driving this holding company's growth. The curated feed includes earnings communications, product launch details from subsidiaries like Clopay Corporation, and capital allocation decisions affecting long-term value creation.
Key content undergoes rigorous verification to ensure accuracy across corporate actions, leadership changes, and market expansion efforts. Users benefit from streamlined tracking of operational milestones in garage door systems, landscaping products, and industrial fan manufacturing segments.
Bookmark this page for efficient monitoring of Griffon's performance across North American, European, and Australian markets. Regular visits provide critical insights into how the company balances subsidiary autonomy with centralized strategic oversight in competitive manufacturing sectors.
Clopay , a subsidiary of Griffon (NYSE: GFF), has won the prestigious Best of IBS 'Best in Show' award at the 2025 NAHB International Builders' Show® for its innovative VertiStack Avante garage door.
The groundbreaking vertical stacking design features glass panel sections that stack compactly above the opening, eliminating the need for overhead tracks and exposed hardware. This space-saving solution maximizes ceiling space and natural light while creating a sleek, modern aesthetic. The door has already gained recognition through its installation in The New American Home 2025, the official IBS showcase home.
Clopay, North America's largest manufacturer of garage doors and rolling steel doors, operates four manufacturing facilities and 56 distribution centers, serving customers through home center retail chains and over 3,000 independent dealers under brands including Clopay®, Ideal Door®, and Holmes Garage Door Company®.
Griffon (NYSE:GFF) reported fiscal 2025 first quarter results with revenue of $632.4 million, down 2% from $643.2 million in the prior year. Net income increased to $70.9 million ($1.49 per share) from $42.2 million ($0.82 per share). Adjusted EBITDA rose 13% to $131.2 million.
The Home and Building Products segment maintained revenue at $395.4 million with a 2% increase in Adjusted EBITDA to $127.0 million. Consumer and Professional Products saw a 4% revenue decline to $237.0 million but improved Adjusted EBITDA to $18.2 million.
The company generated strong free cash flow of $142.7 million and maintained a healthy leverage ratio of 2.4x. During the quarter, Griffon repurchased 0.6 million shares for $42.3 million at an average price of $69.40 per share.
Griffon (NYSE: GFF) has declared a regular quarterly cash dividend of $0.18 per share, payable on March 18, 2025, to shareholders of record as of February 25, 2025. The company operates through two main segments: Home and Building Products and Consumer and Professional Products.
Through Clopay , its Home and Building Products segment is North America's largest manufacturer of garage doors and rolling steel doors, selling under brands including Clopay, Ideal, Holmes, Cornell, and Cookson. The Consumer and Professional Products segment provides branded consumer tools, fans, and home storage solutions through brands like AMES, Hunter, True Temper, and ClosetMaid.
Griffon (NYSE: GFF) has announced it will release its fiscal first quarter 2025 financial results on Wednesday, February 5, 2025, followed by a conference call at 8:30 AM ET. The company operates through two main segments: Home and Building Products (through Clopay , North America's largest manufacturer of garage doors) and Consumer and Professional Products (CPP), which provides branded consumer tools, fans, and home storage solutions through brands like AMES, Hunter, True Temper, and ClosetMaid.
Investors can access the conference call by dialing 1-877-407-0792 (U.S.) or 1-201-689-8263 (International) with conference ID 13751075. A replay will be available from 11:30 AM ET on February 5 through February 19, 2025.
Griffon (NYSE:GFF) reported fiscal 2024 results with revenue of $2.6 billion, down 2% from prior year. Net income increased to $209.9 million ($4.23 per share) from $77.6 million. Adjusted EBITDA grew 2% to $513.6 million. Fourth quarter revenue rose 3% to $659.7 million, with net income of $62.5 million. The company generated $326 million in free cash flow, returned $310 million to shareholders through dividends and share repurchases, while maintaining leverage at 2.6x. The Board approved a $400 million share buyback authorization and increased quarterly dividend by 20% to $0.18 per share.
Griffon (NYSE:GFF) announced a new $400 million share repurchase authorization. This follows the company's previous buyback activity from April 2023 through November 12, 2024, during which it repurchased 9.4 million shares (16.4% of outstanding shares) for $458 million at an average price of $48.74 per share. The new authorization provides Griffon with $400 million available for future share repurchases.
Griffon (NYSE: GFF) has declared a regular quarterly cash dividend of $0.18 per share, payable on December 18, 2024, to shareholders of record as of November 25, 2024. The company operates through two main segments: Home and Building Products, which includes Clopay , North America's largest manufacturer of garage doors and rolling steel doors, and Consumer and Professional Products, which provides branded consumer tools, fans, and home storage solutions through brands like AMES, Hunter, True Temper, and ClosetMaid.
Griffon (NYSE: GFF) has scheduled its fiscal fourth quarter 2024 financial results release for Wednesday, November 13, 2024, followed by a conference call at 8:30 AM ET. Griffon operates through two main segments: Home and Building Products via Clopay , North America's largest manufacturer of garage doors and rolling steel doors, and Consumer and Professional Products (CPP), which provides branded tools, fans, and home storage solutions through brands like AMES, Hunter, True Temper, and ClosetMaid.
Griffon (NYSE:GFF) reported Q3 fiscal 2024 results with revenue of $647.8 million, down 5% year-over-year. Net income was $41.1 million, or $0.84 per share, compared to $49.2 million, or $0.90 per share, in the prior year quarter. Adjusted EBITDA decreased 9% to $125.5 million.
The Home and Building Products (HBP) segment saw a 2% revenue decline, while Consumer and Professional Products (CPP) revenue fell 10%. Despite challenges, CPP's Adjusted EBITDA increased 22%. The company generated strong free cash flow of $120 million, allowing for debt reduction, stock repurchases, and dividend payments.
Griffon maintains its 2024 outlook with expected revenue of $2.65 billion and Adjusted EBITDA of $555 million. The company's global sourcing strategy expansion for CPP remains on track for completion by the end of 2024.
Griffon (NYSE: GFF) has declared a regular quarterly cash dividend of $0.15 per share, payable on September 19, 2024 to shareholders of record as of August 28, 2024. Griffon is a diversified management and holding company operating through two main segments: Home and Building Products and Consumer and Professional Products. The company's subsidiaries include Clopay , North America's largest manufacturer of garage doors and rolling steel doors, and brands such as AMES, Hunter, True Temper, and ClosetMaid in the consumer and professional tools sector.
