Last $12.16 USD
Change Today -0.01 / -0.08%
Volume 97.4K
GFF On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 3:22 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

griffon corp (GFF) Snapshot

Open
$12.10
Previous Close
$12.17
Day High
$12.26
Day Low
$12.00
52 Week High
01/21/14 - $14.34
52 Week Low
08/1/14 - $10.43
Market Cap
654.7M
Average Volume 10 Days
171.2K
EPS TTM
$0.37
Shares Outstanding
53.7M
EX-Date
08/19/14
P/E TM
33.4x
Dividend
$0.12
Dividend Yield
0.99%
Current Stock Chart for GRIFFON CORP (GFF)

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griffon corp (GFF) Details

Griffon Corporation is engaged in home and building, telephonics, and plastics businesses. The company’s Home & Building Products segment manufactures and markets non-powered landscaping products, including long handle tools, wheelbarrows, snow tools, planters and lawn accessories, striking tools, pruning products, and garden hose and storage products for homeowners and professionals. It also manufactures and markets residential, commercial, and industrial garage doors under the Clopay, America’s Favorite Garage Doors, Holmes Garage Door Company, and IDEAL Door names. This segment offers garage doors made primarily from steel, plastic composite, and wood; sells related products, such as garage door openers; and markets commercial sectional doors. The company’s Telephonics Corporation segment designs, develops, manufactures, provides, and sells logistical support for aircraft intercommunication systems, radar, air traffic management, and identification friend or foe equipment; and integrated homeland security systems, as well as custom, mixed-signal, application-specific, and integrated circuits for use in military and commercial markets. It also offers advanced systems engineering services supporting air and missile defense programs; and other threat and situational analysis requirements, as well as airborne maritime surveillance radar and aircraft intercommunication management systems. The company’s Clopay Plastic Products segment develops, produces, and sells thin gauge embossed and printed films, elastomeric films, laminates of film and non-woven fabrics, and perforated films and non-wovens used in hygienic, health-care, and industrial applications. Griffon Corporation markets and sells its products through installing dealers, retailers, and wholesalers; technical business development personnel and sales representatives; and its direct sales force in the United States and internationally. The company was founded in 1959 and is headquartered in New York, New York.

5,400 Employees
Last Reported Date: 11/15/13
Founded in 1959

griffon corp (GFF) Top Compensated Officers

Vice Chairman of the Board, Chief Executive O...
Total Annual Compensation: $928.1K
President and Chief Operating Officer
Total Annual Compensation: $571.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $578.5K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $586.6K
Consultant
Total Annual Compensation: $111.3K
Compensation as of Fiscal Year 2013.

griffon corp (GFF) Key Developments

Griffon Corporation Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended June 30, 2014; Provides Earnings Guidance for the Fiscal Year 2014

Griffon Corporation announced unaudited consolidated financial results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported revenue of $505.039 million against $509.826 million a year ago. Income before taxes was $12.894 million against $7.832 million a year ago. Income from operations was $21.184 million against $20.362 million a year ago. Net income was $14.464 million or $0.29 per diluted share against $3.603 million or $0.06 per diluted share a year ago. Adjusted net income was $9.461 million or $0.19 per share against $3.102 million or $0.06 per share a year ago. Total segment adjusted EBITDA totaled $49.6 million, an increase of 6% over the prior year quarter of $46.8 million. Capital spending in the current quarter was $20 million. For the nine months, the company reported revenue of $1,466.184 million against $1,422.318 million a year ago. Loss before taxes was $13.115 million against income before taxes of $7.197 million a year ago. Income from operations was $58.468 million against $44.807 million a year ago. Net loss was $8.125 million or $0.16 per basic and diluted share against net income of $3.342 million or $0.06 per basic and diluted share a year ago. Net cash provided by operating activities was $49.856 million against $2.554 million a year ago. Acquisition of property, plant and equipment was $54.859 million against $45.886 million a year ago. Adjusted net income was $19.450 million or $0.39 per share against $10.377 million or $0.18 per share a year ago. Total segment adjusted EBITDA was $139.686 million against $135.119 million a year ago. The company continues to expect capital spending for fiscal 2014 to be in the range of $70 million. The company continues to expect segment adjusted EBITDA to approximate $190 million, a 5% increase over 2013.

Griffon Corporation Declares Quarterly Dividend, Payable on September 24, 2014

The Board of Directors of Griffon Corporation declared a regular quarterly cash dividend of $0.03 per share. The dividend is payable on September 24, 2014 to shareholders of record as of the close of business on August 21, 2014.

Griffon Corporation Mulls Acquisitions

Griffon Corporation (NYSE:GFF) is looking for acquisitions. Ron Kramer, Chief Executive Officer of Griffon Corporation said, "We're committed to shareholder value creation and are confident that we can make investments for organic growth, pursue additional acquisitions, and return value to our shareholders via a quarterly dividend and share repurchases. We're very optimistic about our prospects."

 

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Industry Analysis

GFF

Industry Average

Valuation GFF Industry Range
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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