Griffon Corporation

Griffon Corporation Announces Repurchase of 1.5 Million Shares from Voss Capital

Retrieved on: 
Tuesday, February 20, 2024

Concurrent with the closing of the transaction, Travis Cocke, Chief Investment Officer of Voss Capital, will resign from the Griffon Board of Directors, effective immediately, thereby reducing the size of the Board to 12 members.

Key Points: 
  • Concurrent with the closing of the transaction, Travis Cocke, Chief Investment Officer of Voss Capital, will resign from the Griffon Board of Directors, effective immediately, thereby reducing the size of the Board to 12 members.
  • “Voss continues to be a substantial shareholder of Griffon and has a continued stake in our success.
  • Since last April and through today, share repurchases under Board-authorized programs totaled 7.5 million shares of common stock or 13.1% of the outstanding shares, for a total of $330 million or an average of $44.21 per share.
  • As of today, Griffon has $128 million remaining under its Board-authorized share repurchase program.

Griffon Corporation Announces First Quarter Results

Retrieved on: 
Wednesday, February 7, 2024

Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal 2024 first quarter ended December 31, 2023.

Key Points: 
  • Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal 2024 first quarter ended December 31, 2023.
  • Revenue for the first quarter totaled $643.2 million, a 1% decrease compared to $649.4 million in the prior year quarter.
  • Adjusted EBITDA for the first quarter was $116.4 million, a 7% increase from the prior year quarter of $108.6 million.
  • Quarter ending December 31, 2023 free cash flow of $132.5 million reflects the solid operating results in the first quarter.

Griffon Corporation Declares Quarterly Dividend

Retrieved on: 
Wednesday, February 7, 2024

The Board of Directors of Griffon Corporation (NYSE: GFF) (the “Company” or “Griffon”) yesterday declared a regular quarterly cash dividend of $0.15 per share. The dividend is payable on March 21, 2024 to shareholders of record as of the close of business on February 29, 2024.

Key Points: 

The Board of Directors of Griffon Corporation (NYSE: GFF) (the “Company” or “Griffon”) yesterday declared a regular quarterly cash dividend of $0.15 per share. The dividend is payable on March 21, 2024 to shareholders of record as of the close of business on February 29, 2024.

Griffon Corporation Schedules Conference Call To Discuss First Quarter 2024 Financial Results

Retrieved on: 
Wednesday, January 31, 2024

Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) today announced it will release the Company’s fiscal first quarter results on Wednesday, February 7, 2024, followed by a conference call at 8:30 AM ET.

Key Points: 
  • Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) today announced it will release the Company’s fiscal first quarter results on Wednesday, February 7, 2024, followed by a conference call at 8:30 AM ET.
  • The call can be accessed by dialing 1-877-407-0792 (U.S. participants) or 1-201-689-8263 (International participants).
  • Callers should ask to be connected to the Griffon Corporation teleconference or provide conference ID number 13743734.
  • A replay of the call will be available starting on Wednesday, February 7, 2024 at 11:30 AM ET by dialing 1-844-512-2921 (U.S.) or 1-412-317-6671 (International), and entering the conference ID number: 13743734.

Griffon Announces $200 Million Increase to Share Buyback Authorization

Retrieved on: 
Wednesday, November 15, 2023

The Board of Directors of Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) authorized the repurchase of an additional $200 million worth of shares of Griffon common stock.

Key Points: 
  • The Board of Directors of Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) authorized the repurchase of an additional $200 million worth of shares of Griffon common stock.
  • During the fiscal year ending September 30, 2023, Griffon repurchased 4.1 million shares of common stock for a total of $150.8 million, or an average of $36.39 per share.
  • During the period October 1, 2023 through market close on November 14, 2023, Griffon repurchased 1.1 million shares of common stock, for a total of $45.0 million or an average of $39.91 per share.
  • As of the market open today, including the $200 million authorization increase, Griffon has a total of $262 million available under its stock repurchase program.

Griffon Corporation Declares Quarterly Dividend

Retrieved on: 
Wednesday, November 15, 2023

The Board of Directors of Griffon Corporation (NYSE: GFF) (the “Company” or “Griffon”) yesterday declared a regular quarterly cash dividend of $0.15 per share. The dividend is payable on December 14, 2023, to shareholders of record as of the close of business on November 28, 2023.

Key Points: 

The Board of Directors of Griffon Corporation (NYSE: GFF) (the “Company” or “Griffon”) yesterday declared a regular quarterly cash dividend of $0.15 per share. The dividend is payable on December 14, 2023, to shareholders of record as of the close of business on November 28, 2023.

Griffon Corporation Announces Annual and Fourth Quarter Results

Retrieved on: 
Wednesday, November 15, 2023

Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal year and fourth quarter ended September 30, 2023.

Key Points: 
  • Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal year and fourth quarter ended September 30, 2023.
  • Revenue for the fourth quarter totaled $641 million, decreasing 10% from $709 million in the prior year quarter.
  • Adjusted EBITDA from continuing operations for the fourth quarter totaled $121.3 million, a 3% decrease from the prior year quarter of $124.8 million.
  • "We are pleased with Griffon’s results for the fourth quarter and fiscal year.

Griffon Corporation Schedules Conference Call To Discuss Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, November 8, 2023

Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) today announced it will release the Company’s fiscal fourth quarter and full year results on Wednesday, November 15, 2023, followed by a conference call at 8:30 AM ET.

Key Points: 
  • Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) today announced it will release the Company’s fiscal fourth quarter and full year results on Wednesday, November 15, 2023, followed by a conference call at 8:30 AM ET.
  • The call can be accessed by dialing 1-877-407-0792 (U.S. participants) or 1-201-689-8263 (International participants).
  • Callers should ask to be connected to the Griffon Corporation teleconference.
  • The replay will be available through Wednesday, November 29, 2023 at 11:59 PM ET.

Griffon Announces Amended Credit Facility; Revolving Commitments Increased to $500 Million

Retrieved on: 
Wednesday, August 2, 2023

Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) announced today that it amended its credit agreement (the “Amended Credit Agreement”) to increase the size of its revolving credit facility (the “Revolver Facility”) from $400 million to $500 million, and extend the maturity of the Revolver Facility from March 22, 2025 to August 1, 2028.

Key Points: 
  • Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) announced today that it amended its credit agreement (the “Amended Credit Agreement”) to increase the size of its revolving credit facility (the “Revolver Facility”) from $400 million to $500 million, and extend the maturity of the Revolver Facility from March 22, 2025 to August 1, 2028.
  • The Amended Credit Agreement continues to provide for a Term Loan B facility, which matures on January 24, 2029.
  • acts as administrative agent under the Amended Credit Agreement.
  • The Revolver Facility provides for revolver borrowings in an aggregate principal amount of up to $500 million and contains a $125 million letter of credit sub-facility (increased from $100 million), and a $200 million foreign currency sub-facility.

Griffon Corporation Announces Third Quarter Results

Retrieved on: 
Wednesday, August 2, 2023

Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal 2023 third quarter ended June 30, 2023.

Key Points: 
  • Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal 2023 third quarter ended June 30, 2023.
  • Revenue for the third quarter totaled $683.4 million, an 11% decrease compared to $768.2 million in the prior year quarter.
  • Adjusted EBITDA from continuing operations for the third quarter was $138.6 million, a 3% increase from the prior year quarter of $134.8 million.
  • Callers should ask to be connected to the Griffon Corporation teleconference or provide conference ID number 5130874.