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Griffon Corporation (NYSE: GFF) is a diversified management and holding company operating through wholly-owned subsidiaries. With a focus on optimizing operations, Griffon oversees its subsidiaries, allocates resources, and manages their capital structures. The company's core operations include consumer and professional products, and home and building products.
Griffon’s subsidiaries include Ames True Temper (ATT), Clopay Building Products (CBP), Telephonics Corporation, and Clopay Plastic Products Company. ATT and CBP form the Home & Building Products segment, which is the principal revenue driver. Griffon manufactures and markets a variety of products such as residential, commercial, and industrial garage doors, as well as non-powered landscaping tools for both professionals and homeowners.
The company continually seeks new acquisition opportunities to further diversify its portfolio and enhance returns on capital. Recently, Griffon’s subsidiary, AMES, announced the sale of complete wood mills and a series of public auctions aimed at supporting its global expansion strategy. Assets such as sawmill operations, dowel turning equipment, and CNC machinery will be available, presenting a unique opportunity for manufacturers.
Griffon’s financial health is robust, supported by strategic partnerships and a well-diversified product lineup. The company's operations thrive on innovation and market adaptability. For more detailed information about Griffon Corporation and its subsidiaries, visit their official website at www.griffoncorp.com.
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.
Griffon (NYSE: GFF) has announced its plans to release fiscal third quarter 2024 results on August 7, 2024, followed by a conference call at 8:30 AM ET. Investors can access the call by dialing 1-877-407-0792 (U.S.) or 1-201-689-8263 (International) with conference ID 13747578. A replay will be available until August 21, 2024.
Griffon is a diversified management and holding company operating through two segments: Home and Building Products (Clopay ) and Consumer and Professional Products (CPP). Clopay is North America's largest manufacturer of garage doors and rolling steel doors, while CPP provides branded consumer and professional tools, fans, and home storage products globally.
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