Griffon

Griffon Corp. is a diversified management and holding company, which conducts business through its subsidiaries. It provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities. It operates through the Consumer and Professional Products and Home and Building Products segments. The Consumer and Professional Products segment sells products globally through a portfolio of brands including True Temper, AMES, and ClosetMaid. The Home and Building Products segment conducts its operations through Clopay. The company was founded on May 18, 1959 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

GFF reports strong Q1 performance, raises guidance, and returns to shareholders

GFF's Q1 2023 earnings call highlighted strong performance in the Home and Building Products segment, while the Consumer and Professional Products segment faced challenges. The company raised its full-year segment EBITDA guidance and announced significant returns to shareholders. GFF expressed confidence in its long-term prospects and strategic plans, despite challenges.

Griffon focuses on strategic plan execution amid segment performance

Griffon Corporation prioritizes executing its strategic plan to maximize shareholder value, focusing on operational excellence and growth opportunities.
While facing challenges in the Consumer and Professional Products segment, Griffon leverages strengths in the Home and Building Products segment to drive revenue growth.
The company's strategic initiatives, including a share buyback program and global sourcing expansion, position Griffon for long-term success and value creation for shareholders.
Griffon's updated financial guidance and increased dividend reflect confidence in its ability to navigate challenges and capitalize on growth opportunities.

Griffon Corporation exceeds Q3 expectations, faces segment challenges

Griffon Corporation delivered strong Q3 results driven by the Home & Building Products segment, while addressing challenges in the Consumer and Professional Products segment. The company's capital allocation actions and raised guidance reflect confidence in its strategic direction, despite revenue decline.

Griffon reports mixed Q4 results, optimistic about future growth

Griffon remains optimistic about future growth and maintaining strong margins in both the Home and Building Products and Consumer and Professional Products segments. The company plans to continue using free cash flow for capital allocation, focusing on share repurchases, debt reduction, and dividends.

Griffon reports solid Q1 results, poised for growth opportunities

Griffon Corporation demonstrated resilience and operational strength in Q1 2024, with solid financial performance, improved profitability in CPP, and consistent results in HBP.
While facing challenges such as revenue declines in CPP and HBP, Griffon's focus on cost management and strategic initiatives positions the company well for future growth.
Opportunities lie in further margin expansion, capital allocation strategies, and maintaining financial targets, showcasing Griffon's potential for sustained success in a competitive market.
Overall, Griffon's Q1 performance reflects a balanced approach to financial management, shareholder value creation, and operational efficiency, setting a positive trajectory for the year ahead.

Griffon reports mixed Q2 results, raises guidance on strategic confidence

Griffon Corporation's Q2 2024 performance reflected a mix of strengths and challenges across its business segments, with notable improvements in gross profit and net income despite revenue and EBITDA declines.
The company's strategic focus on capital allocation, global sourcing initiatives, and operational efficiencies positions it well for future growth and value creation.
By addressing challenges in specific markets and leveraging opportunities in its successful segments, Griffon aims to drive sustained performance and capitalize on its strong outlook for the full year.

Griffon reports solid Q3 results, focuses on growth strategies

Griffon Corporation's Q3 performance showcased strength in EBITDA margins and capital allocation strategy execution.
While facing revenue declines and segment challenges, the company's focus on debt reduction and acquisitions presents growth opportunities.
Addressing challenges through cost-saving measures and strategic initiatives can pave the way for enhanced profitability.
Overall, Griffon's performance, strengths, challenges, and opportunities position the company for future growth and value creation.

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Griffon Corp. is a holding company, which engages in the operation of its subsidiaries. It provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities. It operates through the Consumer and Professional Products, and Home and Building Products segments. The Consumer and Professional Products segment sells products globally through a portfolio of brands including True Temper, AMES, and ClosetMaid. The Home and Building Products segment conducts its operations through Clopay. The company was founded on May 18, 1959 and is headquartered in New York, NY.

NEW YORK--(BUSINESS WIRE)--Griffon Corporation (NYSE: GFF) today sent a letter to shareholders highlighting its sound business strategy, including the now completed acquisition of Hunter Fan Company, and the collective strength of its Board of Directors, which has been significantly refreshed and comprises the right mix of skills and experience to advance Griffon's strategy, deliver immediate and long-term value to shareholders, and position the Company for sustainable growth. The Company also

Griffon Corporation Sends Letter to Shareholders and Files Investor Presentation Highlighting Strength of Its Strategy and Board Nominees

Griffon (GFF) completes the acquisition of Hunter Fan, now part of the CPP segment. The buyout is predicted to be immediately accretive to the company's earnings and cash flow.

Griffon (GFF) Hunter Fan Buyout to Add Vigor to CPP Segment

Griffon (GFF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Griffon (GFF) to Report a Decline in Earnings: What to Look Out for

NEW YORK--(BUSINESS WIRE)--Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) has successfully completed its previously announced acquisition of Hunter Fan Company (“Hunter Fan” or “Hunter”), the leading U.S. brand of residential ceiling fans for $845 million, subject to post-closing adjustments. Hunter is now part of Griffon's Consumer and Professional Products (CPP) segment. “Hunter is a fantastic addition to our family of iconic brands including AMES, True Temper and ClosetMaid,” s

Griffon Corporation Completes Acquisition of Hunter Fan Company

HOUSTON, Jan. 21, 2022 /PRNewswire/ -- Voss Capital, LLC ("Voss"), a significant shareholder of Griffon Corp. (NYSE: GFF) ("Griffon" or the "Company"), today announced that it has issued a detailed presentation titled "Renovating Griffon," outlining Voss's history of engagement with the Company, the ongoing issues with Griffon's conglomerate structure and corporate governance, and opportunities to create value through the addition of Voss's highly experienced candidate to Griffon Corp.'s Board of Directors. The full presentation, Renovating Griffon, can also be found at https://static1.squarespace.com/static/61b797dab053ac4452fabd1d/t/61eadd3685c381438e1e4969/1642782009593/Renovating+Griffon+-+Voss+Capital+Presentation.pdf Please vote on the BLUE proxy card TODAY to support the election of Voss's highly qualified nominee at the upcoming Annual Meeting.

Voss Capital Issues Detailed Investor Presentation On Griffon Corp.

HOUSTON, Jan. 19, 2022 /PRNewswire/ -- Voss Capital, LLC ("Voss"), a significant shareholder of Griffon Corp. (NYSE: GFF) ("Griffon" or the "Company"), today announced that another of its director nominees has informed Voss that he must withdraw from the proxy contest at Griffon due to a sudden reversal of approval from his employer. Voss issued the following statement: Voss initiated this proxy fight only after repeated efforts to collaborate privately with the Company, as is always our preference.

Voss Capital Questions the Circumstances Surrounding the Withdrawal of Two of its Director Candidates in Its Proxy Contest at Griffon Corp.

Griffon (GFF) receives HSR clearance and will soon complete the acquisition of Hunter Fan. The buyout is predicted to be immediately accretive to the company's earnings and cash flow.

Griffon (GFF) Gets Antitrust Clearance for Hunter Fan Buyout

NEW YORK--(BUSINESS WIRE)--Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired in connection with its proposal to acquire Hunter Fan Company (“Hunter Fan” or “Hunter”). The transaction is expected to close the week of January 24, 2022. In addition, Griffon announced that it will release the Company's fiscal first quarter results on Tuesday, Feb 1, 2022, followed by a confe

Griffon Corporation Announces HSR Clearance for the Acquisition of Hunter and Schedules Conference Call to Discuss First Quarter 2022 Financial Results

Griffon (GFF) reveals the pros of the proposed acquisition of Hunter Fan to shareholders. Hunter Fan's product offerings, customer base, and innovation abilities will likely boost Griffon's earnings.

Griffon (GFF) Highlights Importance of Hunter Fan Acquisition

HOUSTON, Jan. 11, 2022 /PRNewswire/ -- Voss Capital, LLC ("Voss"), a significant shareholder of Griffon Corp. (NYSE: GFF) ("Griffon" or the "Company") today issued a public letter to Griffon Corp.'s ESOP participants. The full text of the letter is below: ***PLEASE VOTE THE BLUE PARTICIPANT INSTRUCTION CARD*** ***YOUR VOTE IS CONFIDENTIAL AND IS IMPORTANT NO MATTER HOW MANY SHARES YOU OWN*** January 11, 2022 Dear Participant in the Griffon ESOP: Voss Capital is a Houston, Texas-based investment partnership with a 10+ year track record of helping companies create {long-term} value that benefits all shareholders.

Voss Capital Sends Letter to Griffon Corp. ESOP Participants

HOUSTON, Jan. 10, 2022  /PRNewswire/ -- Voss Capital, LLC ("Voss"), a significant shareholder of Griffon Corp. (NYSE: GFF) ("Griffon" or the "Company") today issued a public letter to Griffon Corp.'s shareholders and published its proxy website www.renovategriffon.com. The full text of the letter is below: Griffon's Annual Meeting is February 17 th.

Voss Capital Sends Letter to Griffon Corp. Shareholders Exposing Underperformance, Condemning Outdated Corporate Governance and Outlining Clear Path to Value Creation

NEW YORK--(BUSINESS WIRE)--Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) today sent a letter to shareholders highlighting the strategic and financial benefits of its proposed acquisition of Hunter Fan Company (“Hunter”). Griffon's Board of Directors urges shareholders to protect the future of the Company and the value of their investment by voting the WHITE proxy card today “FOR” all four of the Company's highly qualified director nominees. The Company's Annual Meeting of Shareho

Griffon Corporation Sends Letter to Shareholders Highlighting Strategic and Financial Benefits of Acquisition of Hunter Fan Company

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Griffon has long been a conglomerate with somewhat of a mixed track record.

Griffon: Repositioning The Conglomerate Again

NEW YORK--(BUSINESS WIRE)--Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) will be filing today its preliminary proxy statement with the Securities and Exchange Commission (the “SEC”) and announced it will hold its Annual Shareholder Meeting on February 17, 2022. The proxy statement outlines six items for shareholder consideration, including the Board's director nominees and corporate governance changes that reflect Griffon's ongoing dialogue with its shareholders. Griffon has nomi

Griffon Corporation Files Preliminary Proxy Statement, Names Four Board Nominees and Five other Proposals to be Voted Upon by Shareholders at the 2022 Annual Meeting

HOUSTON, Dec. 20, 2021 /PRNewswire/ -- Voss Capital, LLC ("Voss"), a significant shareholder of Griffon Corp. (NYSE: GFF) ("Griffon" or the "Company"), issued the following public statement in opposition to Griffon's planned acquisition of Hunter Fan Company for $845 million in a transaction announced earlier today. Voss has nominated several highly-qualified candidates for election as directors at the Company's upcoming Annual Meeting in mid-February.

Voss Capital Opposes Griffon's Acquisition of Hunter Fan

The AMES Companies, Inc., a subsidiary of Griffon Corp (NYSE: GFF), has agreed to acquire Hunter Fan Company from MidOcean Partners for $845 million. Hunter Fan is a residential ceiling, commercial, and industrial fans provider.

Griffon To Acquire Hunter Fan For $845M

NEW YORK--(BUSINESS WIRE)--Griffon Corporation (“Griffon” or the “Company”), (NYSE: GFF), through its subsidiary The AMES Companies, Inc. (“AMES”), said today it has entered into a definitive agreement to acquire Hunter Fan Company (“Hunter Fan” or “Hunter”), a market leader in residential ceiling, commercial, and industrial fans, from MidOcean Partners (“MidOcean”) for $845 million, subject to closing adjustments. “We are excited to add Hunter, the leading U.S. brand of residential ceiling fan

Griffon Corporation to Acquire Hunter Fan Company

NEW YORK--(BUSINESS WIRE)--Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) today confirmed that Voss Capital, LLC ("Voss"), a new 2% shareholder of the company, has provided notice of its intent to nominate three individuals to stand for election to the Griffon Board of Directors at the 2022 Annual Meeting of Shareholders, currently scheduled for February 17, 2022. Griffon issued the following statement: “The Board and management team are committed to acting in the best interest of

Griffon Corporation to Continue Executing On its Successful Transformation Strategy

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Griffon Corporation (GFF) CEO Ron Kramer on Q4 2021 Results - Earnings Call Transcript

Griffon (GFF) delivered earnings and revenue surprises of -28.26% and -16.88%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Griffon (GFF) Lags Q4 Earnings and Revenue Estimates

Griffon (NYSE:GFF) is set to give its latest quarterly earnings report on Tuesday, 2021-11-16. Here's what investors need to know before the announcement.

Earnings Preview: Griffon

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News for Griffon Stock (GFF)