Griffon (GFF)

Griffon Corporation is a diversified management and holding company that conducts business through wholly-owned subsidiaries. Griffon oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. Griffon provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as in connection with divestitures. In order to further diversify, Griffon also seeks out, evaluates and, when appropriate, will acquire additional businesses that offer potentially attractive returns on capital.

Company profile

Ticker

GFF

Exchange

NYSE

Website

www.griffoncorp.com

CEO

Ronald Kramer

Incorporated

Delaware

Location

New York

Fiscal year end

Sep 30

Sector

Manufacturing > Metal Window and Door Manufacturing

Industry (SIC)

Metal Doors, Sash, Frames, Moldings & Trim

Janus International • PGT Innovations • Forza Innovations ...

Former names

INSTRUMENT SYSTEMS CORP /DE/

SEC CIK

0000050725

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Clopay Ames Inc. • Clopay Ames LLC • Clopay Ames Holding Corp. • Clopay Corporation • CornellCookson, LLC • Cornell Real Estate Holdings, LLC • Cornell Storefront Systems, Inc. • CC Installation Company, Inc. • The Ames Companies, Inc. • ATT Southern LLC ...

IRS number

111893410

GFF stock data

1M 1Y 5Y

News

From Benzinga Pro

Raymond James Maintains Strong Buy on Griffon, Raises Price Target to $50

29 Jul 22

Raymond James analyst Sam Darkatsh maintains Griffon (NYSE:GFF) with a Strong Buy and raises the price target from $40 to $50.

Griffon Q3 EPS $1.23 Up From $0.43 YoY

28 Jul 22

Griffon (NYSE:GFF) reported quarterly earnings of $1.23 per share. This is a 186.05 percent increase over earnings of $0.43 per share from the same period last year.

9 Industrials Stocks Moving In Thursday's Intraday Session

7 Jul 22

12 Industrials Stocks Moving In Thursday's Pre-Market Session

7 Jul 22

Griffon Corporation Declares $2/Share Special Dividend; Also Announces Debt Repayment

27 Jun 22

Press releases

From Benzinga Pro

Griffon Corporation Announces Third Quarter Results

28 Jul 22

Griffon Corporation ("Griffon" or the "Company") (NYSE:GFF) today reported results for the fiscal third quarter ended June 30, 2022. Revenue for the third quarter totaled $768.2 million, a 31% increase compared to the

Griffon Corporation Declares Quarterly Dividend

28 Jul 22

The Board of Directors of Griffon Corporation (NYSE:GFF) (the "Company" or "Griffon") yesterday declared a regular quarterly cash dividend of $0.09 per share. The dividend is payable on September 15, 2022 to

Griffon Corporation Declares $2.00 per Share Special Dividend and Announces Debt Repayment

27 Jun 22

The Board of Directors of Griffon Corporation (NYSE:GFF) (the "Company" or "Griffon") has declared a special cash dividend of $2.00 per share payable on July 20, 2022 to shareholders of record as of the close of

TTM Technologies, Inc. Completes Acquisition of Telephonics Corporation

27 Jun 22

Griffon Corporation Completes Sale of Telephonics Corporation to TTM Technologies

27 Jun 22

Analyst ratings and price targets

Last 3 months

Average target

$47.00

Low target

$44.00

High target

$50.00

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

3 Aug 22

9 Aug 22

30 Sep 22

Financial summary

Financial statements Chart GFF financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Sep 21	Sep 20	Sep 19	Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	144.69M	144.69M	144.69M	144.69M	144.69M	144.69M
Cash burn (monthly)	(no burn)	6.33M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	8.5M	n/a	n/a	n/a	n/a
Cash remaining	n/a	136.18M	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	21.5	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Griffon earnings reports.

Recent insider trades

GFF insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
3 Mar 22	Cheryl L Turnbull	Common Stock	Grant	Acquire A	No	No	5,308	33,897
3 Mar 22	Brosig Thomas	Common Stock	Grant	Acquire A	No	No	4,246	39,273
3 Mar 22	Henry A Alpert	Common Stock	Grant	Acquire A	No	No	4,246	76,807
3 Mar 22	H.C. Charles Diao	Common Stock	Grant	Acquire A	No	No	4,246	4,246
3 Mar 22	Michelle L Taylor	Common Stock	Grant	Acquire A	No	No	4,246	4,246

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

GFF institutional ownership history Ownership history

74.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	159	169	-5.9%
Opened positions	22	33	-33.3%
Closed positions	32	17	+88.2%
Increased positions	58	49	+18.4%
Reduced positions	47	58	-19.0%

13F shares	Current	Prev Q	Change
Total value	1.01B	1.54B	-34.3%
Total shares	42.39M	42.39M	-0.0%
Total puts	72.1K	56.2K	+28.3%
Total calls	0	9.3K	EXIT
Total put/call ratio	Infinity	6.0	+Infinity%

Largest owners	Shares	Value	Change
BLK Blackrock	7.67M	$153.72M	+2.4%
Vanguard	5.66M	$113.3M	+7.4%
GBL Gamco Investors	3.64M	$73.01M	-0.3%
Dimensional Fund Advisors	3.26M	$65.28M	-1.6%
Allspring Global Investments	2.34M	$46.82M	+3.8%
STT State Street	1.93M	$38.64M	+4.9%
Gabelli Funds	1.64M	$32.93M	-0.2%
Voss Capital	1.3M	$26.12M	0.0%
WHG Westwood	1.27M	$25.39M	-1.0%
Geode Capital Management	856.3K	$17.15M	+8.7%

Largest transactions	Shares	Bought/sold	Change
Millennium Management	555.5K	+445.7K	+405.9%
Norges Bank	0	-443.93K	EXIT
Hillcrest Asset Management	0	-427.74K	EXIT
Vanguard	5.66M	+389K	+7.4%
Select Equity	70.32K	-359.28K	-83.6%
Heartland Advisors	0	-332.81K	EXIT
BLK Blackrock	7.67M	+181.42K	+2.4%
GS Goldman Sachs	612.48K	-147.36K	-19.4%
Cubist Systematic Strategies	128.83K	+98.88K	+330.1%
Healthcare Of Ontario Pension Plan Trust Fund	91.2K	+91.2K	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Quebec • Newell Brands • Grafton

Risks

Management Discussion

Griffon evaluates performance and allocates resources based on each segment's operating results before interest income and expense, income taxes, depreciation and amortization, unallocated amounts (primarily corporate overhead), restructuring charges, loss on debt extinguishment and acquisition related expenses, as well as other items that may affect comparability, as applicable (“Adjusted EBITDA”, a non-GAAP measure). Griffon believes this information is useful to investors for the same reason.
See table provided in Note 13 - Business Segments for a reconciliation of Segment Adjusted EBITDA to Income before taxes from continuing operations.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: aforementioned, COVID, demurrage, detention, intend, issuer, prepayment, rebalancing, recapitalization, retention, slightly, statutory

Removed: accept, addressing, amortize, budget, calendar, combining, conduct, coupled, decide, implementation, lag, military, negotiate, older, prime, prohibiting, radar, realization, renewed, retirement, significantly, spending, staggered, Voluntary

From filing 10-Q 2022 Q3

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