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.
Griffon Corporation (NYSE:GFF) announced the retirement of Steven M. Lynch, President of Clopay Corporation, effective at the end of fiscal 2021. He has led Clopay for twelve years, navigating crises and overseeing significant initiatives, including the integration of CornellCookson. Vic L. Weldon, Chief Operating Officer, will succeed him. Ronald J. Kramer, CEO of Griffon, praised Lynch's contributions and emphasized continuity with Weldon's promotion, who brings two decades of industry experience to his new role.
Griffon Corporation (NYSE:GFF) reported a strong performance for Q2 fiscal 2021, with consolidated revenue of $634.8 million, a 12% increase from the prior year. Net income soared to $17.1 million or $0.32 per share, a significant rise from $0.9 million or $0.02 per share year-over-year. Adjusted EBITDA reached $67.8 million, up 41%. The Consumer and Professional Products segment saw a 21% revenue increase, while Defense Electronics revenue dropped 26%. Key strategic initiatives are expected to deliver annual 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 June 17, 2021 to shareholders of record by May 20, 2021. Griffon operates through three main segments: Consumer and Professional Products via AMES, Home and Building Products through Clopay, and Defense Electronics via Telephonics. The company seeks to diversify its operations and enhance returns through acquisitions and growth opportunities.
Griffon Corporation (NYSE:GFF) will release its fiscal second quarter results on April 29, 2021, followed by a conference call at 4:30 PM ET. Participants can access the call by dialing 1-877-407-0792 (U.S.) or 1-201-689-8263 (International), using conference ID 13719101. A replay will be available after the call until May 13, 2021. Griffon operates through three segments: Consumer and Professional Products, Home and Building Products, and Defense Electronics, focusing on acquisitions and growth opportunities.
Griffon Corporation's subsidiary, Telephonics, has secured a $162 million support contract from Lockheed Martin for U.S. Navy MH-60R and MH-60S helicopters. The contract includes a five-year base period, extending to 2025, with an optional two-year extension. Currently, there is a funded backlog of $84 million. This contract is part of the U.S. Navy’s Performance Based Logistics program, aimed at procuring spares, supplying test equipment, and performing critical repairs on advanced radar and communication systems integral to these aircraft.
Griffon Corporation (NYSE:GFF) announced its participation in the Sidoti Spring 2021 Investor Conference on March 25, 2021, in a virtual format. The investor presentation will be accessible on Griffon's website during the conference. The company operates through three reportable segments: Consumer and Professional Products, led by The AMES Companies; Home and Building Products, through Clopay Corporation; and Defense Electronics, provided by Telephonics Corporation. For more information, visit www.griffon.com.
Griffon Corporation (NYSE:GFF) reported strong Q1 fiscal 2021 results, with consolidated revenue of $609.3 million, an 11% increase year-over-year. Net income rose to $29.5 million or $0.55 per share, up from $10.6 million or $0.24 per share in Q1 2020. Adjusted EBITDA grew 35% to $74.6 million. Key segments, Consumer and Professional Products, Home and Building Products, and Defense Electronics, all reported revenue growth. The company anticipates annual cash savings of $30 million to $35 million from its strategic initiatives.
The Board of Directors of Griffon Corporation (GFF) has declared a quarterly cash dividend of $0.08 per share, payable on March 18, 2021, to shareholders on record by the close of business on February 18, 2021. Griffon operates through three segments: Consumer and Professional Products, Home and Building Products, and Defense Electronics, which include brands such as AMES and Clopay. The company aims to allocate resources effectively to enhance growth and acquisitions while providing operational support to its subsidiaries.
Griffon Corporation (NYSE:GFF) will announce its fiscal first quarter results on January 28, 2021, with a conference call at 8:30 AM ET. Participants can join by calling 1-877-407-0792 for U.S. callers or 1-201-689-8263 for international participants, providing the conference ID 13715112. A replay will be available starting the same day at 11:30 AM ET, lasting until February 11, 2021. Griffon operates through three main segments: Consumer and Professional Products, Home and Building Products, and Defense Electronics, focusing on growth and resource allocation within its subsidiaries.
Griffon Corporation (NYSE:GFF) announced its participation in the CJS Securities 21st Annual 'New Ideas for the New Year' Investor Conference on January 13, 2021, in a virtual format. An investor presentation will be available on Griffon's website at the time of the conference. Griffon is a diversified management company overseeing subsidiaries in various sectors, including Consumer and Professional Products, Home and Building Products, and Defense Electronics. The Company is focused on growth opportunities and seeks to acquire businesses that offer attractive returns.