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Griffon Corp - GFF STOCK NEWS

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.

Overview

Griffon Corp (GFF) is a diversified management and holding company that orchestrates the strategic operations of its wholly-owned subsidiaries. It operates in the home and building products sector, with a strong emphasis on manufacturing products that cater to residential, commercial, and industrial markets. At its core, Griffon prioritizes efficient resource allocation, capital structure management, and strategic acquisitions to ensure each subsidiary’s operational success and long-term value creation.

Business Segments and Core Operations

The company is primarily recognized for its pivotal role in the home and building products industry. Its operations span the manufacturing and marketing of high-quality garage doors and rolling steel doors, designed for both professional installers and retail chains. Additionally, Griffon offers non-powered landscaping products tailored for homeowners and professionals, further diversifying its product offerings across multiple market segments. Its Consumer and Professional Products segment also delivers a range of branded consumer tools, residential, industrial, and commercial fans, as well as home storage and organization products.

Operational Strategy and Management Structure

Griffon Corp employs a robust operational model wherein it provides strategic direction and supports growth opportunities across its subsidiaries. The company not only manages the day-to-day resource distribution but also actively seeks attractive acquisition opportunities in sectors that complement its existing business model. By leveraging its expertise in capital allocation and strategic planning, Griffon enhances the competitive positioning of its subsidiaries without directly engaging in day-to-day manufacturing or marketing activities.

Market Position and Competitive Landscape

Within the competitive environment of the home and building products industry, Griffon Corp maintains a distinctive position through its diversified portfolio approach. The company operates in various regions including North America, Europe, and Australia, engaging multiple market segments. Its strategic emphasis on manufacturing quality products such as garage doors and rolling steel doors allows it to effectively compete with specialized industry players, while its comprehensive management of diverse subsidiaries provides resilience amid market fluctuations.

Subsidiaries and Diversification

Griffon Corp oversees several well-established subsidiaries that contribute to its diversified business model. Notably, entities such as Clopay Corporation are integral to the production and marketing of key products in the home and building products segment. These subsidiaries benefit from Griffon's strategic guidance in planning acquisitions, divestitures, and operational optimizations. The company's continuous evaluation of new business opportunities further underscores its commitment to maintaining a diverse and balanced operational framework, which is critical in sustaining long-term business stability across varying economic conditions.

Strategic Insights and Industry Expertise

The company exhibits a high level of expertise in capital management and operational oversight. By aligning its subsidiaries with market demands and technological advances, Griffon Corp demonstrates a clear understanding of the interconnections between economic cycles and the product lifecycle in manufacturing. Its multi-faceted approach caters to both mass-market consumers and professional segments, ensuring a broad-based impact in the home and building products space. This strategic outlook benefits stakeholders by ensuring a balanced risk profile across multiple industries and geographies.

Operational Excellence and Future Resilience

While Griffon Corp does not forecast future performance, its current operational framework—with rigorous internal controls and strategic business planning—provides a solid foundation for enduring market relevance. The company's diversified approach allows for flexibility in addressing industry challenges and adapting to market trends over time. This comprehensive management model reinforces its long-standing expertise in guiding varied business segments toward sustainable operational excellence.

Through its intricate network of subsidiaries and a focused strategy on operational efficiency, Griffon Corp remains a key entity within the home and building products sector. Its balanced approach to growth, supported by strategic acquisitions and effective resource management, reinforces its stature as a pivotal player in the landscape of diversified management companies.

Rhea-AI Summary
Griffon Corporation (NYSE: GFF) has declared a regular quarterly cash dividend of $0.15 per share, payable on March 21, 2024, to shareholders of record as of February 29, 2024.
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Griffon Corporation (NYSE: GFF) will release its fiscal first quarter results on February 7, 2024, followed by a conference call at 8:30 AM ET. Participants can access the call by dialing 1-877-407-0792 (U.S.) or 1-201-689-8263 (International) and providing conference ID number 13743734. A replay of the call will be available until February 21, 2024.
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Griffon Corporation (NYSE:GFF) authorizes an additional $200 million share repurchase, bringing the total available under its stock repurchase program to $262 million. During the fiscal year ending September 30, 2023, Griffon repurchased 4.1 million shares of common stock for $150.8 million, with $107.2 million remaining as of September 30, 2023.
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Griffon Corporation (NYSE: GFF) reported fiscal year 2023 revenue of $2.7 billion, a 6% decrease from the prior year. Income from continuing operations was $77.6 million, $1.42 per share, compared to a loss of $287.7 million in the prior year. Adjusted EBITDA from continuing operations was $505.3 million, a 10% increase from the prior year.
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Griffon Corporation (NYSE: GFF) Declares $0.15 Quarterly Cash Dividend - The Board of Directors of Griffon Corporation announced a regular quarterly cash dividend of $0.15 per share. The dividend will be paid on December 14, 2023, to shareholders of record as of November 28, 2023. This news indicates the company's commitment to providing returns to its shareholders and its confidence in its financial stability.
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Griffon Corporation (NYSE: GFF) and B. Riley Financial, Inc. (Nasdaq: RILY) are offering complete wood mills for sale, including real estate and plant machinery in Pennsylvania and Iowa. The assets being auctioned include injection molding, CNC, stamping, and fabrication equipment, as well as plant support assets. The auctions are part of the global sourcing strategy expansion of The AMES Companies, a subsidiary of Griffon Corporation, and will provide manufacturers with the opportunity to acquire top-tier equipment and operational sawmill facilities ready for production.
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GFF: Griffon Corporation to Release Fiscal Q4 and Full Year Results on November 15, 2023, Followed by Conference Call. Dial-in details and replay information provided.
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Griffon Corporation (GFF) reported a 11% decrease in revenue for the fiscal 2023 third quarter, but adjusted income from continuing operations increased by 6%. The Home and Building Products segment outperformed, while the Consumer and Professional Products segment faced challenges. The company is expanding its global sourcing strategy to improve EBITDA margins and reduce costs.
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Griffon Corporation (NYSE:GFF) announced the amendment of its credit agreement, increasing the Revolver Facility from $400 million to $500 million and extending its maturity to August 1, 2028. The amended agreement provides additional financial flexibility and supports working capital requirements, aiming to enhance shareholder value.
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Griffon Corporation (NYSE: GFF) declares a regular quarterly cash dividend of $0.125 per share, payable on September 14, 2023. Shareholders of record as of August 23, 2023, will receive the dividend. This announcement reflects the company's commitment to rewarding shareholders and maintaining financial stability.
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FAQ

What is the current stock price of Griffon (GFF)?

The current stock price of Griffon (GFF) is $68.28 as of April 4, 2025.

What is the market cap of Griffon (GFF)?

The market cap of Griffon (GFF) is approximately 3.2B.

What is the core business model of Griffon Corp?

Griffon Corp operates as a diversified holding company managing a portfolio of subsidiaries in the home and building products sector. Its strategy focuses on efficient resource allocation, capital structure management, and strategic acquisitions.

How does Griffon Corp generate revenue?

The company generates revenue primarily through its home and building products segment, which includes the manufacturing and marketing of garage doors and related products, alongside other consumer and professional products.

What products does Griffon Corp manufacture?

Griffon Corp specializes in the production of residential, commercial, and industrial garage doors, rolling steel doors, and non-powered landscaping products, catering to both professional installers and retail markets.

In which markets does Griffon Corp operate?

Griffon Corp has a diverse geographic presence, operating in key markets across North America, Europe, Australia, and other regions. This broad market engagement supports its diversified business model.

How does Griffon Corp utilize its subsidiaries?

The company oversees and strategically manages its subsidiaries by providing operational direction, identifying growth opportunities, and facilitating acquisitions. This approach ensures each subsidiary is aligned with the overall corporate strategy.

What differentiates Griffon Corp from other industry players?

Griffon Corp stands out due to its diversified operational model and focus on maintaining a balanced portfolio of both established and opportunistic business segments. Its rigorous approach to capital allocation and strategic guidance bolsters its competitive positioning.

How does Griffon Corp support its subsidiaries’ growth?

Griffon Corp provides a structured framework for resource allocation, operational oversight, and strategic guidance, enabling its subsidiaries to capitalize on market opportunities while maintaining robust risk management practices.
Griffon Corp

NYSE:GFF

GFF Rankings

GFF Stock Data

3.16B
38.32M
19.05%
80.73%
3.98%
Conglomerates
Metal Doors, Sash, Frames, Moldings & Trim
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United States
NEW YORK