Griffon Corporation Stock News

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Griffon Corporation (NYSE:GFF ) Q4 2024 Earnings Conference Call November 13, 2024 8:30 AM ET Company Participants Brian Harris - Chief Financial Officer Ron Kramer - Chairman & Chief Executive Officer Conference Call Participants Lee Jagoda - CJS Securities Sam Darkatsh - Raymond James Trey Grooms - Stephens Julio Romero - Sidoti & Company Operator Ladies and gentlemen, good morning and welcom...

NEW YORK--(BUSINESS WIRE)--Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal year and fourth quarter ended September 30, 2024. Revenue for fiscal 2024 totaled $2.6 billion, a 2% decrease compared to the $2.7 billion in the prior year. Fiscal 2024 net income totaled $209.9 million, or $4.23 per share, compared to $77.6 million, or $1.42 per share, ...

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) has authorized the repurchase of an additional $400 million worth of shares of Griffon common stock. Since April 2023 and through November 12, 2024, under previous authorizations, Griffon repurchased a total of 9.4 million shares of its common stock, or 16.4% of the outstanding share...

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Griffon Corporation (NYSE: GFF) (the “Company” or “Griffon”) yesterday declared a regular quarterly cash dividend of $0.18 per share. The dividend is payable on December 18, 2024 to shareholders of record as of the close of business on November 25, 2024. About Griffon Corporation Griffon is a diversified management and holding company that co...

NEW YORK--(BUSINESS WIRE)--Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) today announced it will release the Company's fiscal fourth quarter results on Wednesday, November 13, 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 t...

Griffon's topline continues to decline due to weak commercial demand, but residential demand and the Pope acquisition should drive growth in FY25. The company's margins are improving thanks to global sourcing initiatives and productivity improvements, despite lower volumes in some segments. GFF is trading at a discount compared to the sector median, making it a decent buy for long-term investors.

GFF's recent acquisition of Pope Products enhances its CPP portfolio in Australia, reinforcing its international growth strategy. Despite a poorer performance this quarter, Griffon continues to show a strong EBITDA margin in its HBP, while CPP's profitability has improved due to its ongoing Global Sourcing Expansion Strategy execution. Its Global Sourcing Strategy aims to improve margins in the...