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Griffon Corp. - GFF STOCK NEWS

Welcome to our dedicated news page for Griffon (Ticker: GFF), a resource for investors and traders seeking the latest updates and insights on Griffon.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Griffon's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Griffon's position in the market.

News
Griffon Corporation Announces Repurchase of 1.5 Million Shares from Voss Capital
Rhea-AI Summary
Griffon Corporation announces repurchase of 1.5 million shares of common stock from Voss Capital at a 3.7% discount, with Travis Cocke resigning from the Board. The transaction is part of Griffon's strategic plan to create shareholder value through stock repurchases and dividends.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.34%
Tags
buyback
-
News
Griffon Corporation Announces First Quarter Results
Rhea-AI Summary
Griffon Corporation reported fiscal 2024 first quarter results, with $643.2 million in revenue, a 1% decrease from the prior year. Net income was $42.2 million, or $0.82 per share, compared to $48.7 million, or $0.88 per share, in the prior year. Adjusted EBITDA increased 7% to $116.4 million. HBP revenue remained consistent at $395.8 million, while CPP revenue decreased 2% to $247.4 million. Griffon announced the expansion of CPP's global sourcing strategy to include long handle tools, material handling, and wood storage product lines. The company reported pretax income of $29.9% and effective tax rates of 27.9%. Share repurchases totaled 1.6 million shares for $69.6 million during the quarter, with $237.5 million remaining under the Board authorized share repurchase programs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.84%
Tags
earnings
-
News
Griffon Corporation Declares Quarterly Dividend
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.84%
Tags
dividends
News
Griffon Corporation Schedules Conference Call To Discuss First Quarter 2024 Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.42%
Tags
earnings
-
News
Griffon Announces $200 Million Increase to Share Buyback Authorization
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.14%
Tags
buyback
-
News
Griffon Corporation Announces Annual and Fourth Quarter Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.14%
Tags
earnings
News
Griffon Corporation Declares Quarterly Dividend
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.14%
Tags
dividends
-
News
B. Riley and Capital Recovery Group to Conduct a Series of Sales Across Multiple Locations on behalf of The AMES Companies
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.76%
Tags
none
-
News
Griffon Corporation Schedules Conference Call To Discuss Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.61%
Tags
earnings
News
Griffon Corporation Announces Third Quarter Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.67%
Tags
earnings
Stock GFF logo
Griffon Corp.

NYSE:GFF

GFF Rankings

#1459 Ranked by Market Cap
#819 Ranked by Stock Gains
#1854 Ranked by Dividends

GFF Stock Data

3.34B
41.82M
19.74%
76.62%
4.43%
Metal Window and Door Manufacturing
Manufacturing
Link
US
New York

About GFF

griffon corporation (the “company” or “griffon”) is a diversified management and holding company that conducts business through wholly-owned subsidiaries. griffon oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. griffon provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as in connection with divestitures. griffon also seeks out, evaluates and, when appropriate, will acquire additional businesses that offer potentially attractive returns on capital to further diversify itself. griffon currently conducts its operations through ames true temper (“att”), clopay building products (“cbp”), telephonics corporation and clopay plastic products company . att and cbp comprise the home & building products operating segment. for more information on griffon and its operating subsidiaries, please see the company’s website at www.griffoncorp.com.