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) 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) announced its acquisition of Hunter Fan Company for
Griffon Corporation (NYSE: GFF) has confirmed the receipt of a director nomination notice from Voss Capital, a 2% shareholder. This comes ahead of the 2022 Annual Meeting on February 17, 2022. Griffon reported solid financial growth with a revenue CAGR of 11%, adjusted EBITDA of 23%, and adjusted EPS of 35% over three years. The company achieved a total shareholder return of approximately 130%, outperforming the S&P 500. The Board has undergone significant refreshment, adding six new directors in five years, aiming for enhanced diversity and governance practices.
Griffon Corporation (NYSE:GFF) reported fiscal 2021 results showing a 10% revenue increase to $2.3 billion. Net income rose to $79.2 million ($1.48/share), while adjusted net income climbed 36% to $99.2 million ($1.86/share). The company is exploring strategic alternatives for its Defense Electronics segment, classifying it as a discontinued operation. Despite a 3% revenue increase in Q4, net income decreased to $15.9 million due to operational challenges. Griffon's adjusted EBITDA for the year reached $248 million, up 18%, reflecting solid demand in its Consumer and Professional Products segment.
The Board of Directors of Griffon Corporation (NYSE: GFF) has declared a quarterly cash dividend of $0.09 per share, payable on December 16, 2021, to shareholders on record as of November 29, 2021. This reflects the company's commitment to providing returns to its shareholders. Griffon operates through three segments: Consumer and Professional Products, Home and Building Products, and Defense Electronics, focusing on diverse markets including tools, garage doors, and defense solutions.
Griffon Corporation (NYSE:GFF) will release its fiscal fourth quarter and full-year results on November 16, 2021, followed by a conference call at 9:00 AM ET. U.S. participants can dial 1-877-407-0792, while international callers can reach 1-201-689-8263. Replays will be available starting the same day at 12:00 PM ET until November 30, 2021. Griffon is a diversified holding company operating through subsidiaries across three segments: Consumer and Professional Products, Home and Building Products, and Defense Electronics.
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.
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