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) generates a steady flow of news through its role as a diversified management and holding company with two primary segments: Home and Building Products (HBP) and Consumer and Professional Products (CPP). Public announcements frequently cover segment performance, capital allocation decisions and updates on its portfolio of brands.
On this page, readers can follow GFF news related to quarterly and annual financial results, including revenue, net income, adjusted net income and adjusted EBITDA for both HBP and CPP. Earnings releases often highlight the performance of Clopay Corporation in garage doors and rolling steel doors, as well as CPP’s global activities in branded tools, fans, and home storage and organization products.
Griffon also issues news about its capital allocation strategy, such as free cash flow generation, share repurchase activity, leverage metrics like net debt to EBITDA and regular quarterly cash dividends. Dividend declarations, changes in dividend rates and Board-authorized share repurchase program updates are recurring topics in its press releases.
Investors and analysts tracking GFF can expect coverage of conference call schedules and replays for each reporting period, along with management commentary on segment margins, demand trends in regions such as North America, the United Kingdom and Australia, and the impact of initiatives like the CPP global sourcing expansion. Bookmark this page to access a consolidated view of Griffon Corporation news, from financial updates to segment-level developments across its Home and Building Products and Consumer and Professional Products businesses.
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Griffon Corporation (NYSE:GFF) has initiated a review of strategic alternatives for its subsidiary, Telephonics Corporation, a leader in defense electronics. The aim is to enhance shareholder value and foster growth opportunities for Telephonics, known for its advanced intelligence and communications solutions. Chairman and CEO Ronald J. Kramer emphasized the company’s commitment to maximizing long-term returns. Lazard and Dechert LLP have been appointed as financial and legal advisors, respectively, for this evaluation.
Griffon Corporation (NYSE:GFF) announced its participation in the Sidoti Fall 2021 Investor Conference on September 23, 2021. The conference will be virtual, and Griffon will provide an investor presentation, accessible on their website. Griffon operates through three segments: Consumer and Professional Products, Home and Building Products, and Defense Electronics. Notable subsidiaries include AMES Companies, Clopay Corporation, and Telephonics Corporation, offering a diverse range of products from tools to garage doors and defense solutions.
Griffon Corporation (NYSE:GFF) will present at the Raymond James 2021 Diversified Industrials Conference on August 24, 2021. The virtual conference will feature an investor presentation accessible on Griffon’s website. As a diversified management and holding company, Griffon operates through subsidiaries in three main segments: Consumer and Professional Products, Home and Building Products, and Defense Electronics. Each segment focuses on specific markets, including home improvement and defense solutions.
Griffon Corporation (NYSE:GFF) reported Q3 fiscal 2021 results with consolidated revenue of $646.8 million, a 2% increase year-over-year. Net income stood at $16.7 million, or $0.31 per share, down from $21.8 million, or $0.50 per share in Q3 2020. Adjusted EBITDA was $64.8 million, a 7% decline. The Consumer and Professional Products segment experienced a 1% revenue drop due to shipping delays. Home & Building Products revenue surged 18%. The Defense Electronics segment saw a 25% revenue decrease. Griffon continues to invest in its strategic initiatives, expecting annual cash savings of $30-$35 million.
The Board of Directors of Griffon Corporation (NYSE: GFF) has declared a quarterly cash dividend of $0.08 per share, payable on September 16, 2021, to shareholders as of the close of business on August 19, 2021. Griffon operates through three key segments: Consumer and Professional Products, Home and Building Products, and Defense Electronics. The company aims to diversify its offerings and enhance its growth through strategic acquisitions and efficient resource allocation.
Griffon Corporation (NYSE:GFF) will unveil its fiscal third quarter results on Thursday, July 29, 2021, at 4:30 PM ET, followed by a conference call. Participants can access the call via 1-855-327-6837 (U.S.) or 1-631-891-4304 (International), using conference ID 10015789. A replay will be available post-call until August 12, 2021. Griffon operates through three segments: Consumer and Professional Products, Home and Building Products, and Defense Electronics, offering a range of products from tools to garage doors and defense solutions.
Griffon Corporation (NYSE:GFF) will present at the CJS Securities 21st Annual 'New Ideas' Summer Conference on July 13, 2021, in a virtual format. The investor presentation will be accessible on Griffon's website during the event. Griffon operates through three main segments: Consumer and Professional Products (CPP), Home and Building Products, and Defense Electronics. CPP includes The AMES Companies, a leader in consumer and professional tools. Clopay Corporation leads in garage door manufacture, while Telephonics Corporation provides advanced solutions for defense and aerospace.
Telephonics Corporation, a subsidiary of Griffon Corporation (NYSE: GFF), announced the successful completion of certification testing for its Mode 5 Operationally Autonomous Surveillance System (M5OAS) by the Department of Defense (DoD). Conducted in Virginia and New York, the system met all required standards and exceeded expectations during tests, including target detection beyond 200 nautical miles. The M5OAS offers a cost-effective solution for situational awareness and can upgrade legacy radar systems, enhancing disaster response capabilities.
Telephonics Corporation, a subsidiary of Griffon Corporation (NYSE: GFF), successfully demonstrated its MOSAIC Active Electronically Scanned Array (AESA) radar system during the U.S. Air Force's Combat Lancer 2020 exercise in September, achieving over 9 hours of operational flight time. This dual-beam technology enhances radar performance for surveillance and imaging tasks. Key stakeholders praised the collaboration and expressed optimism for future growth opportunities with the U.S. Air Force, highlighting the system's advanced capabilities that exceed existing AESA technologies.