Last $11.35 USD
Change Today +0.17 / 1.52%
Volume 68.1K
GFF On Other Exchanges
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As of 8:04 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

griffon corp (GFF) Key Developments

Griffon Corporation Declares Quarterly Cash Dividend, Payable on June 26, 2014

The board of Griffon Corporation declared a regular quarterly cash dividend of $0.03 per share payable on June 26 to shareholders of record as of the close on May 23.

Griffon Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2014; Provides Earnings Guidance for the Full Year 2014

Griffon Corporation reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2014. For the quarter, the company's revenue was $507,687,000 compared to $488,743,000 for the same period of last year. Income from operations was $19,673,000 compared to $10,102,000 for the same period of last year. Loss before taxes was $30,795,000 compared to $2,385,000 for the same period of last year. Net loss was $25,825,000 compared to $819,000 for the same period of last year. Diluted loss per common share was $0.53 compared to $0.02 for the same period of last year. Adjusted net income was $6,025,000 or $0.12 per diluted share compared to $4,660,000 or $0.08 per diluted share reported a year ago. Total segment adjusted EBITDA was $45,875,000 compared to $45,412,000 for the same period of last year. Capital expenditures were $16.9 million in the current quarter. For the six months, the company's revenue was $961,145,000 compared to $912,492,000 for the same period of last year. Income from operations was $36,654,000 compared to $24,445,000 for the same period of last year. Loss before taxes was $26,009,000 compared to $635,000 for the same period of last year. Net loss was $22,589,000 compared to $261,000 for the same period of last year. Diluted loss per common share was $0.44 compared to $0.0 for the same period of last year. Net cash used in operating activities was $26,637,000 compared to $33,983,000 for the same period of last year. Acquisition of property, plant and equipment was $34,845,000 compared to $30,995,000 for the same period of last year. Adjusted net income was $9,989,000 or $0.20 per diluted share compared to $7,275,000 or $0.13 per diluted share reported a year ago. Total segment adjusted EBITDA was $90,081,000 compared to $88,334,000 for the same period of last year. For the full year 2014, the company expects consolidated revenue to approximate $2 billion. The company expects depreciation for the full fiscal year to be about $64 million. Amortization will be in line with 2013, about $8 million. The company anticipated its full year 2014 effective tax rate to approximate 40%.

Griffon Corporation to Report Q2, 2014 Results on May 01, 2014

Griffon Corporation announced that they will report Q2, 2014 results on May 01, 2014

Griffon Corporation, Q2 2014 Earnings Call, May 01, 2014

Griffon Corporation, Q2 2014 Earnings Call, May 01, 2014

Griffon Mulls Acquisitions

Griffon Corporation (NYSE:GFF) is seeking acquisition opportunities. Griffon also seeks out, evaluates and, when appropriate, will acquire additional businesses that offer potentially attractive returns on capital to further diversify itself.

 

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Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 1.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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