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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.
Griffon Corporation (NYSE: GFF) will release its fiscal second quarter results on May 3, 2023, at 8:30 AM ET. Following the release, a conference call will be held to discuss the results. Participants can dial in at 1-888-886-7786 for U.S. callers or 1-416-764-8658 for international callers, with a conference ID of 49851739. A replay of the call will be available after 11:30 AM ET on the same day and can be accessed until May 17, 2023, at 11:59 PM ET. Griffon operates through two segments: Consumer and Professional Products and Home and Building Products. The company focuses on growth through acquisitions and managing its subsidiaries effectively.
Griffon Corporation (NYSE:GFF) announces a significant return of capital to shareholders, increasing its share buyback authorization to
Griffon Corporation (NYSE:GFF) reported strong fiscal Q1 2023 results with a revenue of $649.4 million, up 10% from $591.7 million in Q1 2022. The Hunter acquisition contributed $54.1 million to this growth. Income from continuing operations surged to $48.7 million ($0.88 per share), a significant increase from $16.7 million ($0.31 per share) year-over-year. Adjusted EBITDA rose 83% to $108.6 million. The Home and Building Products segment excelled with a 29% revenue increase, while Consumer and Professional Products revenue fell 11%. The company retains a conservative outlook, adjusting interest expense expectations to $103 million due to rising interest rates.
The Board of Directors of Griffon Corporation (NYSE: GFF) has declared a quarterly cash dividend of $0.10 per share. This dividend will be payable on March 23, 2023, to shareholders holding shares as of the close of business on February 23, 2023. Griffon operates through two segments: Consumer and Professional Products, a leading manufacturer of tools and home products, and Home and Building Products, which includes Clopay, the largest garage door manufacturer in North America. This dividend declaration highlights the company's commitment to returning value to shareholders.
Griffon Corporation (NYSE:GFF) announced a Cooperation Agreement with Voss Capital, which holds 6% of its stock. This agreement includes the appointment of Voss Chief Investment Officer, Travis W. Cocke, to Griffon's Board of Directors, filling a vacancy left by the late Admiral Robert G. Harrison. The agreement aims to enhance cooperation between the two parties as Griffon continues its strategic review process. The Company is working with Goldman Sachs and legal advisors to evaluate strategic alternatives, although no definitive timeline or outcome is guaranteed.
Griffon Corporation (NYSE:GFF) reported a 25% revenue growth, totaling $2.8 billion for fiscal 2022, despite a significant non-cash impairment charge of $454.8 million leading to a net loss of $287.7 million. Adjusted income from continuing operations rose to $219.8 million, representing a substantial increase from the prior year's $89.7 million. The fourth quarter revenue increased by 24% to $709 million, yet it also incurred a net loss of $415.4 million due to the impairment charge. For 2023, Griffon expects a revenue of $2.95 billion and at least $500 million in adjusted EBITDA.
