Griffon

Griffon Corporation Announces First Quarter Results

Retrieved on: 
Wednesday, February 7, 2024
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, GFF, CPP, Home, Calendar, International, HBP, Consumer, Griffon Corporation, Tax, Capital expenditure, Public expenditure, Griffon, Builders hardware, ID, Corporation, Share repurchase

Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal 2024 first quarter ended December 31, 2023.

Key Points: 
  • Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal 2024 first quarter ended December 31, 2023.
  • Revenue for the first quarter totaled $643.2 million, a 1% decrease compared to $649.4 million in the prior year quarter.
  • Adjusted EBITDA for the first quarter was $116.4 million, a 7% increase from the prior year quarter of $108.6 million.
  • Quarter ending December 31, 2023 free cash flow of $132.5 million reflects the solid operating results in the first quarter.

Griffon Announces $200 Million Increase to Share Buyback Authorization

Retrieved on: 
Wednesday, November 15, 2023
Finance, Banking, Professional Services, Other Professional Services, Asset Management, Share repurchase, Griffon Corporation, NYSE, GFF, Cryptocurrency, Griffon

The Board of Directors of Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) authorized the repurchase of an additional $200 million worth of shares of Griffon common stock.

Key Points: 
  • The Board of Directors of Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) authorized the repurchase of an additional $200 million worth of shares of Griffon common stock.
  • During the fiscal year ending September 30, 2023, Griffon repurchased 4.1 million shares of common stock for a total of $150.8 million, or an average of $36.39 per share.
  • During the period October 1, 2023 through market close on November 14, 2023, Griffon repurchased 1.1 million shares of common stock, for a total of $45.0 million or an average of $39.91 per share.
  • As of the market open today, including the $200 million authorization increase, Griffon has a total of $262 million available under its stock repurchase program.

Griffon Corporation Announces Annual and Fourth Quarter Results

Retrieved on: 
Wednesday, November 15, 2023
Retail, Home Goods, Specialty, Other Retail, Sale, EBITDA, Term loan, Absorption, AMES, NYSE, Consumer, International, Investment, Share repurchase, Corporation, Tax, Depreciation, Public expenditure, Calendar, Marketing, Advertising, Capital, Capital expenditure, Griffon, Griffon Corporation, HBP, CPP, GFF, Transport, Rare-earth element, Video game, Health insurance, Bookkeeping, Pharmaceutical industry, Hunting

Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal year and fourth quarter ended September 30, 2023.

Key Points: 
  • Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal year and fourth quarter ended September 30, 2023.
  • Revenue for the fourth quarter totaled $641 million, decreasing 10% from $709 million in the prior year quarter.
  • Adjusted EBITDA from continuing operations for the fourth quarter totaled $121.3 million, a 3% decrease from the prior year quarter of $124.8 million.
  • "We are pleased with Griffon’s results for the fourth quarter and fiscal year.

Planter Market size to increase by USD 152.49 million during 2022-2027 | Growing number of multifamily properties to drive the market growth- Technavio

Retrieved on: 
Tuesday, December 12, 2023
Online, Distribution, Climate change, Dust, YOY, Commercial, Griffon, Planters, Gardening, Nature, Climate, Element, USD, City, Kinze Manufacturing, Inc., Water resources, Easy Gardener Products, Inc., BHD, Water, WR, Growth, Natural rubber, Online shopping, Geography

NEW YORK, Dec. 12, 2023 /PRNewswire/ -- The Planter Market size is expected to grow by USD 152.49 million, accelerating at a CAGR of 4.35% during the forecast period.

Key Points: 
  • NEW YORK, Dec. 12, 2023 /PRNewswire/ -- The Planter Market size is expected to grow by USD 152.49 million, accelerating at a CAGR of 4.35% during the forecast period.
  • The rise in multifamily buildings worldwide has increased the need for landscaping and gardening services.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.
  • Flower Pots and Planters Market: The flower pots and planters market share is expected to increase to USD 388.79 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.68%.

Griffon Announces Amended Credit Facility; Revolving Commitments Increased to $500 Million

Retrieved on: 
Wednesday, August 2, 2023
Construction & Property, Other Manufacturing, Finance, Asset Management, Professional Services, Other Construction & Property, Manufacturing, Business, Revolver, Term loan, GFF, Bank of America, Corporation, Griffon Corporation, Bank, Letter, Credit, NYSE, Griffon

Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) announced today that it amended its credit agreement (the “Amended Credit Agreement”) to increase the size of its revolving credit facility (the “Revolver Facility”) from $400 million to $500 million, and extend the maturity of the Revolver Facility from March 22, 2025 to August 1, 2028.

Key Points: 
  • Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) announced today that it amended its credit agreement (the “Amended Credit Agreement”) to increase the size of its revolving credit facility (the “Revolver Facility”) from $400 million to $500 million, and extend the maturity of the Revolver Facility from March 22, 2025 to August 1, 2028.
  • The Amended Credit Agreement continues to provide for a Term Loan B facility, which matures on January 24, 2029.
  • acts as administrative agent under the Amended Credit Agreement.
  • The Revolver Facility provides for revolver borrowings in an aggregate principal amount of up to $500 million and contains a $125 million letter of credit sub-facility (increased from $100 million), and a $200 million foreign currency sub-facility.

Griffon Corporation Announces Third Quarter Results

Retrieved on: 
Wednesday, August 2, 2023
Building Systems, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Advertising, Capital expenditure, International, Share repurchase, Builders hardware, Marketing, Calendar, Tax, GFF, Absorption, Sale, Public expenditure, EBITDA, Corporation, CPP, Investment, Griffon, Capital, Depreciation, Griffon Corporation, HBP, NYSE, Video game, Renewable energy, Pharmaceutical industry, Health insurance, Bank

Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal 2023 third quarter ended June 30, 2023.

Key Points: 
  • Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) today reported results for the fiscal 2023 third quarter ended June 30, 2023.
  • Revenue for the third quarter totaled $683.4 million, an 11% decrease compared to $768.2 million in the prior year quarter.
  • Adjusted EBITDA from continuing operations for the third quarter was $138.6 million, a 3% increase from the prior year quarter of $134.8 million.
  • Callers should ask to be connected to the Griffon Corporation teleconference or provide conference ID number 5130874.

XTEND Partners with ModalAI to revolutionise advanced human and machine collaboration

Retrieved on: 
Wednesday, July 12, 2023
Defense Innovation Unit, Human, Partnership, NDAA, ISR, DIU, Qualcomm, Unmanned aerial vehicle, TEL, Wolverine, SAN, XOS, Knowledge, UAV, R, Robotics, Software, Medical device, Griffon

TEL AVIV, Israel and SAN DIEGO, July 12, 2023 /PRNewswire/ -- XTEND – the developer of XOS, a human-guided autonomous operating system that is revolutionizing the way humans interact with drones, robots, and smart devices, has today announced a multi-layered partnership with ModalAI, Inc., the leading Blue UAS Framework manufacturer of autonomous drone and robotics technology. The partnership will see XTEND make available their award-winning XOS operating system on ModalAI's technology, and XTEND's range of revolutionary human-guided autonomous drones become tightly fused with ModalAI's industry leading VOXL® 2 Autonomous AI Autopilot, supercharging both sets of users' ability to complete advanced robotics missions successfully.

Key Points: 
  • XTEND and ModalAI partner to introduce autonomous mission critical drones powered by XTEND's award-winning XOS operating system and ModalAI's VOXL® 2 Autonomous AI Autopilot.
  • Scalable and infinitely flexible, XTEND's Operating System (XOS) provides users with an easily deployable operating system for their drones or robots.
  • Giving any device the ability to connect to and benefit from the extraordinary capabilities of XOS's growing application ecosystem to enable true human and machine collaboration, on the ground, in any scenario.
  • At only 16g, VOXL® 2 condenses autonomous capabilities from an onboard companion computer, PX4 flight controller and advanced AI up to 15+ TOPS.

XTEND Partners with ModalAI to revolutionise advanced human and machine collaboration

Retrieved on: 
Wednesday, July 12, 2023
Defense Innovation Unit, Human, Partnership, NDAA, ISR, DIU, Qualcomm, Unmanned aerial vehicle, TEL, Wolverine, SAN, XOS, Knowledge, UAV, R, Robotics, Software, Medical device, Griffon

TEL AVIV, Israel and SAN DIEGO, July 12, 2023 /PRNewswire/ -- XTEND – the developer of XOS, a human-guided autonomous operating system that is revolutionizing the way humans interact with drones, robots, and smart devices, has today announced a multi-layered partnership with ModalAI, Inc., the leading Blue UAS Framework manufacturer of autonomous drone and robotics technology. The partnership will see XTEND make available their award-winning XOS operating system on ModalAI's technology, and XTEND's range of revolutionary human-guided autonomous drones become tightly fused with ModalAI's industry leading VOXL® 2 Autonomous AI Autopilot, supercharging both sets of users' ability to complete advanced robotics missions successfully.

Key Points: 
  • XTEND and ModalAI partner to introduce autonomous mission critical drones powered by XTEND's award-winning XOS operating system and ModalAI's VOXL® 2 Autonomous AI Autopilot.
  • Scalable and infinitely flexible, XTEND's Operating System (XOS) provides users with an easily deployable operating system for their drones or robots.
  • Giving any device the ability to connect to and benefit from the extraordinary capabilities of XOS's growing application ecosystem to enable true human and machine collaboration, on the ground, in any scenario.
  • At only 16g, VOXL® 2 condenses autonomous capabilities from an onboard companion computer, PX4 flight controller and advanced AI up to 15+ TOPS.

XTEND DEFENSE ACHIEVES FULL NDAA COMPLIANCE ACROSS ITS RANGE OF HUMAN-GUIDED AUTONOMOUS DRONES

Retrieved on: 
Tuesday, June 27, 2023
Maintenance, Business development, HLS, Human, GPS, Partnership, U.S. Department of Defense Strategy for Operating in Cyberspace, UAS, National security, NDAA, General Dynamics, GE, ISR, Intelligence, Data collection, Lockheed, Textron, Government, TEL, Wolverine, Federal government of the United States, XOS, Washington Convention Center, National Defense Authorization Act for Fiscal Year 2008, TURBINE (US government project), MDM, Environment, Family, Injury, Surveying, Defense, Modern, Griffon

TEL AVIV, Israel and WASHINGTON, June 27, 2023 /PRNewswire/ -- At the Modern Day Marine (MDM) Expo, XTEND, developer of a human-guided autonomous operating system (XOS) which is revolutionizing the way humans interact with drones, has today announced that its range / family of XTENDER, Wolverine and Griffon drones have achieved full NDAA compliance. The company will be increasing US-based production in response to a growing demand for its revolutionary, robust, affordable solutions from the US Department of Defense and the wider US Government technology community.

Key Points: 
  • "Our compliance with the National Defense Authorization Act (NDAA) further strengthens XTEND's ongoing collaboration with the U.S. Department of Defense and supercharges our US expansion," says Robert Peters, XTEND Defense's General Manager.
  • XTEND's drone systems allow any operator to perform extremely accurate maneuvers and actions, in any environment with minimal training.
  • As part of XTEND's continued expansion in the US market, it has recently appointed Robert Peters as General Manager of XTEND Defense.
  • XTEND's range of fully NDAA compliant, human-guided autonomous drones includes:
    XTENDER - a new micro tactical indoor ISR system that enables any operator to perform accurate remote multi-mission tasks in complex environments.

XTEND DEFENSE ACHIEVES FULL NDAA COMPLIANCE ACROSS ITS RANGE OF HUMAN-GUIDED AUTONOMOUS DRONES

Retrieved on: 
Tuesday, June 27, 2023
Maintenance, Business development, HLS, Human, GPS, Partnership, U.S. Department of Defense Strategy for Operating in Cyberspace, UAS, National security, NDAA, General Dynamics, GE, ISR, Intelligence, Data collection, Lockheed, Textron, Government, TEL, Wolverine, Federal government of the United States, XOS, Washington Convention Center, National Defense Authorization Act for Fiscal Year 2008, TURBINE (US government project), MDM, Environment, Family, Injury, Surveying, Defense, Modern, Griffon

TEL AVIV, Israel and WASHINGTON, June 27, 2023 /PRNewswire/ -- At the Modern Day Marine (MDM) Expo, XTEND, developer of a human-guided autonomous operating system (XOS) which is revolutionizing the way humans interact with drones, has today announced that its range / family of XTENDER, Wolverine and Griffon drones have achieved full NDAA compliance. The company will be increasing US-based production in response to a growing demand for its revolutionary, robust, affordable solutions from the US Department of Defense and the wider US Government technology community.

Key Points: 
  • "Our compliance with the National Defense Authorization Act (NDAA) further strengthens XTEND's ongoing collaboration with the U.S. Department of Defense and supercharges our US expansion," says Robert Peters, XTEND Defense's General Manager.
  • XTEND's drone systems allow any operator to perform extremely accurate maneuvers and actions, in any environment with minimal training.
  • As part of XTEND's continued expansion in the US market, it has recently appointed Robert Peters as General Manager of XTEND Defense.
  • XTEND's range of fully NDAA compliant, human-guided autonomous drones includes:
    XTENDER - a new micro tactical indoor ISR system that enables any operator to perform accurate remote multi-mission tasks in complex environments.