Griffon(GFF)
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Griffon(GFF) - 2025 Q4 - Annual Results
2025-11-19 12:51
Financial Performance - Fiscal 2025 revenue totaled $2.5 billion, a 4% decrease from $2.6 billion in the prior year[2] - Fiscal 2025 net income was $51.1 million, or $1.09 per share, down from $209.9 million, or $4.23 per share, in the prior year[2] - Adjusted net income for fiscal 2025 was $263.6 million, or $5.65 per share, compared to $254.2 million, or $5.12 per share, in the prior year[3] - Fiscal 2025 adjusted EBITDA was $522.3 million, a 2% increase from $513.6 million in the prior year[4] - Fourth quarter revenue was $662.2 million, slightly up from $659.7 million in the prior year quarter[5] - Fourth quarter adjusted EBITDA totaled $137.9 million, compared to $137.5 million in the prior year quarter[7] - Net income for Q4 2025 was $43,636 thousand, a decrease from $62,491 thousand in Q4 2024, while net income for the year was $51,110 thousand, down from $209,897 thousand in 2024[34] - Total revenue for Q4 2025 was $662,182 thousand, a slight increase from $659,673 thousand in Q4 2024, while total revenue for the year ended September 30, 2025, was $2,519,926 thousand, down from $2,623,520 thousand in 2024[28] - Adjusted EBITDA for Q4 2025 was $137,863 thousand, compared to $137,526 thousand in Q4 2024, with total adjusted EBITDA for the year at $522,293 thousand, up from $513,602 thousand in 2024[28] Cash Flow and Dividends - Free cash flow for fiscal 2025 was $323 million, supporting $174 million returned to shareholders through dividends and share repurchases[9] - Free cash flow (FCF) for the year ended September 30, 2025, was $323,011 thousand, slightly down from $326,122 thousand in 2024[30] - The company paid dividends of $39,692 million in 2025, compared to $35,806 million in 2024, an increase of 10.5%[38] - A 22% increase in the regular quarterly dividend to $0.22 per share was announced, reflecting confidence in the business outlook[9] Assets and Liabilities - Cash and equivalents as of September 30, 2025, were $99,045 thousand, down from $114,438 thousand in 2024[30] - Total current assets decreased from $929,476 million in 2024 to $890,594 million in 2025, a decline of approximately 4.2%[36] - Total liabilities decreased from $2,146,066 million in 2024 to $1,989,665 million in 2025, a reduction of approximately 7.3%[36] - Cash and equivalents at the end of the period decreased to $99,045 million from $114,438 million, a decline of 13.4%[40] - Total shareholders' equity decreased significantly from $224,888 million in 2024 to $73,972 million in 2025, a decline of approximately 67.1%[36] Operational Efficiency and Strategic Focus - The company plans to continue focusing on operational efficiency and strategic reviews to enhance profitability and cash flow generation[28] - The net debt to EBITDA leverage ratio improved to 2.4x in 2025 from 2.6x in 2024, indicating a stronger borrowing capacity[30] Impairments and Expenses - The company reported goodwill and intangible asset impairments of $243,612 thousand for the year ended September 30, 2025[34] - Selling, general and administrative expenses for Q4 2025 were $157,251 thousand, or 23.7% of revenue, compared to $151,808 thousand or 23.0% in Q4 2024[32] - The company reported a goodwill impairment of $243,612 million for the year ended September 30, 2025, with no such impairment recorded in 2024[41] Future Projections - In fiscal 2026, revenue is expected to remain at $2.5 billion, with adjusted EBITDA projected between $580 million and $600 million[19] - Home and Building Products segment revenue for 2025 was $1.6 billion, consistent with the prior year, while Consumer and Professional Products segment revenue was $0.9 billion, a 10% decline[10][12]
Griffon raises dividend by 22% (NYSE:GFF)
Seeking Alpha· 2025-11-19 12:37
Group 1 - The article does not provide any relevant content regarding the company or industry [1]
Griffon beats top-line and bottom-line estimates; initiates FY26 outlook (NYSE:GFF)
Seeking Alpha· 2025-11-19 12:35
Group 1 - The article does not provide any specific content related to a company or industry [1]
Griffon Corporation Announces Annual and Fourth Quarter Results
Businesswire· 2025-11-19 12:32
Core Insights - Griffon Corporation reported a fiscal 2025 revenue of $2.5 billion, a 4% decrease from $2.6 billion in the previous year [1] - The company experienced a significant decline in net income, totaling $51.1 million or $1.09 per share, compared to $209.9 million or $4.23 per share in the prior year [2] - Adjusted net income for fiscal 2025 was $263.6 million, or $5.65 per share, an increase from $254.2 million, or $5.12 per share, in the previous year [3] Financial Performance - Fiscal 2025 adjusted EBITDA was $522.3 million, a 2% increase from $513.6 million in the prior year [4] - Fourth quarter revenue was $662.2 million, slightly up from $659.7 million in the same quarter of the previous year [5] - Fourth quarter net income was $43.6 million, or $0.95 per share, down from $62.5 million, or $1.29 per share, in the prior year quarter [6] Segment Performance - Home and Building Products (HBP) revenue for 2025 was $1.6 billion, consistent with the prior year, with a 2% favorable price and mix offset by a 2% decrease in volume [10] - Consumer and Professional Products (CPP) revenue in 2025 was $0.9 billion, a decline of 10% compared to 2024, primarily due to a 12% decrease in volume driven by reduced consumer demand [12] - HBP adjusted EBITDA for 2025 was $494.6 million, a 1% decrease from the previous year, while CPP adjusted EBITDA increased by 18% to $85.5 million [13][10] Cash Flow and Shareholder Returns - The company generated $323 million in free cash flow during the year, which supported the repurchase of 1.9 million shares and regular quarterly dividends [8] - Griffon returned a total of $174 million to shareholders in 2025 through dividends and share repurchases [8] - A 22% increase in the regular quarterly dividend to $0.22 per share was announced, reflecting confidence in the company's strategic plan [9] Balance Sheet and Capital Expenditures - As of September 30, 2025, Griffon had cash and equivalents of $99 million and total debt outstanding of $1.41 billion, resulting in net debt of $1.31 billion [17] - The company reduced its debt by approximately $116 million during the year, improving leverage to 2.4x from 2.6x in the prior year [17] - Capital expenditures for the year were $34.4 million, including $18 million from asset sales [17] 2026 Outlook - For fiscal year 2026, Griffon expects revenue to remain at $2.5 billion and adjusted EBITDA in the range of $580 million to $600 million [20] - The company anticipates HBP and CPP revenue to be in line with 2025, with HBP EBITDA margin exceeding 30% and CPP around 10% [21]
Griffon Q4 2025 Earnings Preview (NYSE:GFF)
Seeking Alpha· 2025-11-18 16:23
Core Insights - The article emphasizes the importance of enabling Javascript and cookies in browsers to prevent access issues [1] Group 1 - The article suggests that users may face blocks if they have ad-blockers enabled [1]
Clopay® Earns 2025 Partner of the Year Award from The Home Depot®
Prnewswire· 2025-11-06 17:00
Core Insights - Clopay Corporation has been awarded the 2025 Partner of the Year in the millwork category by The Home Depot, recognizing its commitment to high-quality products and exceptional service [1][2]. Company Overview - Clopay Corporation, founded in 1964, is the largest manufacturer and marketer of garage doors and rolling steel doors in North America, operating under brands such as Clopay®, Ideal Door®, and Holmes Garage Door Company® [3][4]. - The company has four manufacturing facilities and 57 distribution centers located in Mason, Ohio [4]. Strategic Focus - Clopay emphasizes enhancing customer experience through investments in immersive in-store experiences and innovative product offerings, such as the VertiStack® Avante® stacking garage door, which provides homeowners with more flexibility [3][5]. - The company leverages customer insights and marketing expertise to redefine the garage door industry and strengthen its brand [3]. Parent Company Information - Griffon Corporation, the parent company of Clopay, is a diversified management and holding company that oversees its subsidiaries and seeks growth opportunities through acquisitions [5].
Nevada Sunrise Commences Fall 2025 Exploration at the Griffon Gold Mine Project, Nevada
Newsfile· 2025-11-03 12:30
Core Insights - Nevada Sunrise Metals Corporation has initiated surface exploration at the Griffon Gold Mine Project located in White Pine County, Nevada, which is part of the Battle Mountain-Eureka Gold Belt, known for its rich gold deposits [1][3] Exploration Program Highlights - APEX Geoscience has been contracted to conduct the Fall 2025 exploration program, focusing on high-priority target areas identified through AI predictive modeling by VRIFY Technology [2] - The exploration includes a comprehensive soil survey of up to 700 samples using advanced geochemical techniques, and a high-resolution ground magnetic survey, marking the first of its kind at Griffon [2][3] - Additional planned activities include induced polarization/resistivity surveys and multi-element geochemical analysis of historical drill cuttings to identify new drill targets [8] Project Background - The Griffon Gold Mine Project consists of 89 unpatented mineral claims covering approximately 1,780 acres (720 hectares) and is located about 50 kilometers (33 miles) southwest of Ely, Nevada [4][13] - Historically, the project produced 62,661 ounces of oxide gold from 1998 to 1999 before its closure, with gold prices averaging approximately US$278 per ounce during that period [6][10] Industry Context - The Battle Mountain-Eureka Gold Belt is gaining global attention due to the quality of its gold projects and the favorable reputation of Nevada in the mining sector, alongside increasing government support for mineral projects in the USA [3]
Nevada Sunrise Announces Fall 2025 Exploration Plans for the Griffon Gold Mine Project, Nevada
Newsfile· 2025-10-14 11:30
Core Viewpoint - Nevada Sunrise Metals Corporation is advancing its exploration plans for the Griffon Gold Mine Project in Nevada, aiming to leverage modern technologies and geological knowledge to uncover new gold deposits [1][3]. Exploration Program Highlights - The Fall 2025 exploration program will focus on the Anvil Zone, an unmined area south of the Hammer Ridge open pit, to identify potential gold occurrences [2]. - The program includes comprehensive soil surveys using advanced geochemical technologies, ground geophysical surveys, and multi-element geochemical analysis of historical drill cuttings [5]. Geological Context - The Griffon Gold Mine is located within the Battle Mountain-Eureka Gold Belt, known for its rich gold deposits and operating mines [7]. - Historical mining at Griffon produced 62,661 ounces of oxide gold from 1998 to 1999, with the average gold price at approximately US$278 per ounce during that period [8]. Permitting Update - In September 2025, the company submitted a Plan of Operations to the United States Forest Service for surface disturbance and drilling plans at Griffon, awaiting comments within a standard 30-day period [6]. Company Background - Nevada Sunrise is a junior mineral exploration company based in Vancouver, Canada, with interests in gold, copper, and lithium projects in Nevada [14].
Griffon Gains From Business Strength & Buyouts Amid Headwinds
ZACKS· 2025-09-29 15:16
Core Insights - Griffon Corporation (GFF) is experiencing strong demand in the residential market, bolstered by robust repair and remodeling activities in the residential construction sector, alongside a recovery in the commercial construction market driven by various customer projects [1][8] Acquisitions - In July 2024, Griffon acquired Pope, an Australia-based provider of residential watering products, through its subsidiary, The AMES Companies, which contributed 1% to the Consumer and Professional Products (CPP) segment's revenues in Q3 fiscal 2025 [2] - In January 2022, Griffon acquired Hunter, a provider of residential ceiling and commercial fans, which has also been integrated into the CPP segment, enhancing its consumer product offerings [3] Shareholder Returns - Griffon is committed to rewarding shareholders, having paid $31.6 million in dividends and repurchased shares worth $113 million in the first nine months of fiscal 2025. In fiscal 2024, the company distributed $35.8 million in dividends and $309.9 million in buybacks, with a 20% increase in quarterly dividends announced in November 2024 [4] Segment Performance - The CPP segment is facing challenges, with a 16% year-over-year decline in revenues during Q3 fiscal 2025, primarily due to reduced consumer demand across most regions except Australia, and particularly weak demand in the Hunter Fan business [5][8] Financial Position - Griffon has a highly leveraged balance sheet, exiting the fiscal third quarter with long-term debt of $1.44 billion and current liabilities of $338 million, which exceeds cash equivalents of $107.3 million, indicating insufficient cash to meet short-term obligations [6] Competitive Landscape - Griffon operates in a competitive environment within the Zacks Diversified Operations industry, facing competition from peers such as 3M Company, Carlisle Companies Incorporated, and Builders FirstSource, Inc. [7]
Griffon Stock Exhibits Strong Prospects Despite Persisting Headwinds
ZACKS· 2025-08-29 15:51
Group 1: Company Performance - Griffon Corporation is experiencing strong momentum in the Home and Building Products (HBP) segment, with a 2% year-over-year revenue increase in Q3 fiscal 2025, driven by solid demand in the residential market and recovery in commercial construction [2][8] - The Consumer and Professional Products (CPP) segment faced challenges, with revenues declining 16% year-over-year in Q3 fiscal 2025 due to reduced consumer demand and increased tariffs, particularly affecting the Hunter Fan business [8][9] - The company has made strategic acquisitions, including Pope in July 2024, which contributed 1% to CPP segment revenues, and Hunter in January 2022, enhancing its consumer product portfolio [3] Group 2: Shareholder Returns - Griffon is committed to rewarding shareholders, having paid $31.6 million in dividends and repurchased shares worth $113 million in the first nine months of fiscal 2025, following $35.8 million in dividends and $309.9 million in buybacks in fiscal 2024 [4][8] - In November 2024, the board approved a new $400 million share repurchase authorization and announced a 20% increase in the quarterly dividend [4] Group 3: Market Context - The company operates in diverse regions, including the U.S., Europe, Canada, and Australia, which exposes it to political, environmental, and geopolitical issues, as well as currency translation risks [10] - A stronger U.S. dollar has negatively impacted the CPP segment's revenues by 1% in the first nine months of fiscal 2025 [10] Group 4: Stock Performance - Year-to-date, Griffon's shares have gained 9%, outperforming the industry average increase of 4.3% [5]