Griffon Corp - GFF STOCK NEWS

Griffon Corporation (NYSE:GFF) announced its participation in the CJS Securities 21^st Annual 'New Ideas for the New Year' Investor Conference on January 13, 2021, in a virtual format. An investor presentation will be available on Griffon's website at the time of the conference. Griffon is a diversified management company overseeing subsidiaries in various sectors, including Consumer and Professional Products, Home and Building Products, and Defense Electronics. The Company is focused on growth opportunities and seeks to acquire businesses that offer attractive returns.

Griffon Corporation (NYSE:GFF) has announced the acquisition of Quatro Design Pty Ltd, enhancing its subsidiary AMES’s presence in Australia. Quatro, known for its glass fiber reinforced concrete landscaping products, is projected to contribute around $5 million in annualized revenue, which will positively impact Griffon’s earnings in the fiscal year ending September 30, 2021. This marks AMES’s sixth acquisition in Australia since 2013, further expanding its product offerings and sales channels.

QuantiTech has acquired Systems Engineering Group (SEG) from Griffon Corporation (NYSE: GFF). The financial terms were not disclosed. SEG specializes in threat engineering and modeling services for the U.S. Government, notably aiding the Naval Surface Warfare Center and Missile Defense Agency. This acquisition aims to enhance QuantiTech's capabilities in missile defense and intelligence markets, allowing for expanded service offerings. The existing management team at SEG will remain in place post-acquisition, emphasizing continuity and expertise integration.

Griffon Corporation (NYSE:GFF) has announced its participation in the virtual Bank of America 2020 Leveraged Finance Conference, scheduled for December 1, 2020. An investor presentation will be available during the event on Griffon's investor relations website. The company operates through three main segments: Consumer and Professional Products, Home and Building Products, and Defense Electronics, managing a diversified portfolio of subsidiaries including The AMES Companies, Clopay Corporation, and Telephonics Corporation. For more details, visit www.griffon.com.

Griffon Corporation (NYSE:GFF) will present at the Stephens 2020 Annual Investment Conference on November 18, 2020, in a virtual format. An investor presentation will be available on Griffon's website during the conference. Griffon operates through three segments: Consumer and Professional Products via AMES, a leader in tools and products; Home and Building Products through Clopay, the largest garage door manufacturer in North America; and Defense Electronics through Telephonics, providing advanced surveillance solutions.

Griffon Corporation (NYSE:GFF) reported a strong fiscal year 2020, with revenues of $2.4 billion, up 9% from the previous year, driven by 8% organic growth. Income from continuing operations reached $53.4 million, translating to $1.19 per share, a significant increase from $1.06 per share in 2019. Adjusted EBITDA rose 18% to $236 million. The fourth quarter showed similar strength, with revenues of $661 million, a 15% year-over-year increase. The company also improved its balance sheet by refinancing bonds and raising $178 million through a stock offering, positioning itself to seize future opportunities.

The Board of Directors of Griffon Corporation (NYSE: GFF) has declared a regular quarterly cash dividend of $0.08 per share. This dividend is set to be paid on December 17, 2020, to shareholders on record as of November 25, 2020.

Griffon operates through three segments: Consumer and Professional Products, Home and Building Products, and Defense Electronics. Each segment provides diverse offerings ranging from consumer tools to sophisticated defense solutions.

Griffon Corporation (NYSE:GFF) will present at the Baird 2020 Global Industrial Conference on November 12, 2020, in a virtual format. An investor presentation will be available on Griffon's website during the conference. Griffon operates through three segments: Consumer and Professional Products, featuring brands like AMES and True Temper; Home and Building Products under Clopay, a leading garage door manufacturer; and Defense Electronics through Telephonics, specializing in surveillance solutions. For further details, visit www.griffon.com.

Telephonics Corporation, a subsidiary of Griffon Corporation (NYSE: GFF), has secured a $119M threat engineering task order from the Naval Surface Warfare Center (NSWCDD). This contract focuses on threat-based engineering services, including intelligence analysis and simulation development, to enhance combat systems and weapons. SEG aims to apply its expertise to various defense areas, including integrated air and missile defense and counter-hypersonics. SEG has over 25 years of experience supporting the Navy's Threat Engineering team, emphasizing its commitment to delivering robust capabilities.