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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.

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.

News

Griffon Corporation Declares Quarterly Dividend

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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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B. Riley and Capital Recovery Group to Conduct a Series of Sales Across Multiple Locations on behalf of The AMES Companies

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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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Griffon Corporation Schedules Conference Call To Discuss Fourth Quarter and Full Year 2023 Financial Results

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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 Announces Third Quarter Results

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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 Announces Amended Credit Facility; Revolving Commitments Increased to $500 Million

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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 Declares Quarterly Dividend

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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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Griffon Corporation Schedules Conference Call To Discuss Third Quarter 2023 Financial Results

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Griffon to Participate at the 23rd Annual CJS Securities “New Ideas” Summer Conference

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Griffon Corporation Announces Second Quarter Results

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Griffon Corporation Declares Quarterly Dividend

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FAQ

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

The current stock price of Griffon (GFF) is $73.81 as of November 15, 2024.

What is the market cap of Griffon (GFF)?

The market cap of Griffon (GFF) is approximately 3.8B.

What does Griffon Corporation do?

Griffon Corporation is a diversified management and holding company that oversees subsidiaries in consumer and professional products, as well as home and building products.

Who are Griffon's main subsidiaries?

Griffon's main subsidiaries include Ames True Temper (ATT), Clopay Building Products (CBP), Telephonics Corporation, and Clopay Plastic Products Company.

What is Griffon Corporation's main revenue driver?

The Home and Building Products segment, consisting of ATT and CBP, is Griffon's principal revenue driver.

What recent activities has Griffon Corporation undertaken?

Recently, Griffon’s subsidiary AMES announced the sale of wood mills and a series of public auctions aimed at supporting its global expansion strategy.

Where can I find more information about Griffon Corporation?

More information about Griffon Corporation can be found on their official website at www.griffoncorp.com.

What products does Griffon Corporation manufacture?

Griffon Corporation manufactures residential, commercial, and industrial garage doors, along with non-powered landscaping products for professionals and homeowners.

How does Griffon Corporation support its subsidiaries?

Griffon provides direction, assistance with acquisition and growth opportunities, and manages the capital structures of its subsidiaries.

What is the focus of the recent auctions by Griffon's subsidiary AMES?

The auctions by AMES focus on selling sawmill operations, dowel turning equipment, CNC machinery, and more to support its global expansion strategy.

How does Griffon Corporation ensure its financial stability?

Griffon ensures financial stability through strategic partnerships, a diversified product lineup, and continuous innovation and market adaptability.

What is the significance of the Home and Building Products segment for Griffon?

The Home and Building Products segment is significant for Griffon as it constitutes the primary source of the company’s revenue.

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Griffon Corp

NYSE:GFF

GFF Rankings

#1481 Ranked by Market Cap
#1829 Ranked by Dividends

GFF Stock Data

3.76B
49.26M
18.71%
76.58%
4.21%
Conglomerates
Metal Doors, Sash, Frames, Moldings & Trim
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United States of America
NEW YORK