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Griffon Corporation reports recurring developments for a building products business that manufactures and markets residential and commercial garage doors, rolling steel doors and grille products, and ceiling fans. Its brands include Clopay, IDEAL and Holmes for garage doors; Clopay, Cornell and Cookson for rolling steel products; and Hunter, Casablanca and Jan Fan for fans.
Company news commonly covers fiscal results, pricing and volume trends in residential and commercial channels, material and labor cost effects, dividends, share repurchases, balance sheet management, and portfolio actions tied to Griffon’s building products focus.
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Clopay , a subsidiary of Griffon (NYSE: GFF), has won the prestigious Best of IBS 'Best in Show' award at the 2025 NAHB International Builders' Show® for its innovative VertiStack Avante garage door.
The groundbreaking vertical stacking design features glass panel sections that stack compactly above the opening, eliminating the need for overhead tracks and exposed hardware. This space-saving solution maximizes ceiling space and natural light while creating a sleek, modern aesthetic. The door has already gained recognition through its installation in The New American Home 2025, the official IBS showcase home.
Clopay, North America's largest manufacturer of garage doors and rolling steel doors, operates four manufacturing facilities and 56 distribution centers, serving customers through home center retail chains and over 3,000 independent dealers under brands including Clopay®, Ideal Door®, and Holmes Garage Door Company®.
Griffon (NYSE:GFF) reported fiscal 2025 first quarter results with revenue of $632.4 million, down 2% from $643.2 million in the prior year. Net income increased to $70.9 million ($1.49 per share) from $42.2 million ($0.82 per share). Adjusted EBITDA rose 13% to $131.2 million.
The Home and Building Products segment maintained revenue at $395.4 million with a 2% increase in Adjusted EBITDA to $127.0 million. Consumer and Professional Products saw a 4% revenue decline to $237.0 million but improved Adjusted EBITDA to $18.2 million.
The company generated strong free cash flow of $142.7 million and maintained a healthy leverage ratio of 2.4x. During the quarter, Griffon repurchased 0.6 million shares for $42.3 million at an average price of $69.40 per share.
Griffon (NYSE: GFF) has declared a regular quarterly cash dividend of $0.18 per share, payable on March 18, 2025, to shareholders of record as of February 25, 2025. The company operates through two main segments: Home and Building Products and Consumer and Professional Products.
Through Clopay , its Home and Building Products segment is North America's largest manufacturer of garage doors and rolling steel doors, selling under brands including Clopay, Ideal, Holmes, Cornell, and Cookson. The Consumer and Professional Products segment provides branded consumer tools, fans, and home storage solutions through brands like AMES, Hunter, True Temper, and ClosetMaid.
Griffon (NYSE: GFF) has announced it will release its fiscal first quarter 2025 financial results on Wednesday, February 5, 2025, followed by a conference call at 8:30 AM ET. The company operates through two main segments: Home and Building Products (through Clopay , North America's largest manufacturer of garage doors) and Consumer and Professional Products (CPP), which provides branded consumer tools, fans, and home storage solutions through brands like AMES, Hunter, True Temper, and ClosetMaid.
Investors can access the conference call by dialing 1-877-407-0792 (U.S.) or 1-201-689-8263 (International) with conference ID 13751075. A replay will be available from 11:30 AM ET on February 5 through February 19, 2025.
Griffon (NYSE:GFF) reported fiscal 2024 results with revenue of $2.6 billion, down 2% from prior year. Net income increased to $209.9 million ($4.23 per share) from $77.6 million. Adjusted EBITDA grew 2% to $513.6 million. Fourth quarter revenue rose 3% to $659.7 million, with net income of $62.5 million. The company generated $326 million in free cash flow, returned $310 million to shareholders through dividends and share repurchases, while maintaining leverage at 2.6x. The Board approved a $400 million share buyback authorization and increased quarterly dividend by 20% to $0.18 per share.
Griffon (NYSE:GFF) announced a new $400 million share repurchase authorization. This follows the company's previous buyback activity from April 2023 through November 12, 2024, during which it repurchased 9.4 million shares (16.4% of outstanding shares) for $458 million at an average price of $48.74 per share. The new authorization provides Griffon with $400 million available for future share repurchases.
Griffon (NYSE: GFF) has declared a regular quarterly cash dividend of $0.18 per share, payable on December 18, 2024, to shareholders of record as of November 25, 2024. The company operates through two main segments: Home and Building Products, which includes Clopay , North America's largest manufacturer of garage doors and rolling steel doors, and Consumer and Professional Products, which provides branded consumer tools, fans, and home storage solutions through brands like AMES, Hunter, True Temper, and ClosetMaid.