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Griffon Corp (GFF)

GFF on New York Consolidated

21.00USD
22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Griffon's unit to pay Emerson reverse termination fee of $13 mln if certain conditions not met
Friday, 8 Sep 2017 04:37pm EDT 

Sept 9 (Reuters) - Griffon Corp :Griffon Corp - If Emerson terminates deal due to co's unit's failure to consummate deal under some conditions, unit to pay Emerson reverse termination fee of $13 million.Griffon - If Emerson terminates deal on unit failing to consummate deal in breach of agreement, though debt financing is available, unit to pay $32.5 million.  Full Article

Emerson agrees to sell ClosetMaid business to Griffon Corp
Tuesday, 5 Sep 2017 05:06pm EDT 

Sept 5 (Reuters) - Emerson Electric Co :Emerson agrees to sell ClosetMaid business to griffon corporation.Emerson Electric Co - deal for ‍$260 million.​.Emerson Electric Co - ‍expects to realize approximately $180 million in after-tax cash proceeds from sale​.  Full Article

Griffon Corp to buy ClosetMaid and seek alternatives for Clopay Plastic Products
Tuesday, 5 Sep 2017 05:00pm EDT 

Sept 5 (Reuters) - Griffon Corp :Griffon corporation to acquire closetmaid® and explore strategic alternatives for clopay plastic products.Griffon corp says deal for $260 million​.Griffon corp - ‍acquisition is expected to be financed through cash on hand, availability on our revolving credit facility​.Griffon corp says acquisition of closetmaid will be immediately accretive to cash flow and earnings.Griffon corp - ‍acquisition also is expected to be financed through committed debt financing which is expected to be in form of a senior notes offering​.Griffon corp - ‍after taking into account tax benefits resulting from transaction, effective purchase price is $225 million​.Griffon corp - ‍in first fy of operations, co expects closetmaid to contribute $300 to $315 million in revenue, between $0.08 and $0.10 in earnings per share​.Griffon corp - ‍griffon and emerson will make a joint election permitting transaction to be treated as an asset purchase for tax purposes​.Griffon corp - ‍election will generate a tax benefit with an estimated present value of $35 million for griffon and its shareholders​.  Full Article

Griffon Corporation Q3 earnings per share $0.22
Wednesday, 2 Aug 2017 04:05pm EDT 

Aug 2 (Reuters) - Griffon Corp :Griffon Corporation announces third quarter results.Q3 earnings per share $0.22.Q3 revenue rose 2 percent to $473.3 million.Q3 earnings per share $0.17 excluding items.  Full Article

Griffon Corporation Q2 earnings per share $0.12
Thursday, 4 May 2017 04:17pm EDT 

May 4 (Reuters) - Griffon Corp :Griffon Corporation announces second quarter results.Q2 earnings per share $0.12.Q2 revenue fell 1 percent to $495.8 million.Q2 adjusted earnings per share $0.15.Griffon Corp - Telephonics contract backlog was $387 million at March 31, 2017, compared to $420 million at September 30, 2016.  Full Article

Griffon Q1 adj EPS $0.19 excluding items
Tuesday, 31 Jan 2017 08:01am EST 

Griffon Corp : Griffon Corporation announces first quarter results . Q1 earnings per share $0.29 . Q1 revenue fell 5 percent to $467.1 million .Q1 adjusted earnings per share $0.19 excluding items.  Full Article

Griffon Q4 adjusted earnings per share $0.27
Wednesday, 16 Nov 2016 04:14pm EST 

Griffon Corp : Griffon Corp - Q4 revenue of $501 million was consistent with prior year quarter . Telephonics contract backlog totaled $420 million at September 30, 2016, compared to $442 million at September 30, 2015 . Qtrly earnings per share $0.18 . Q4 earnings per share $0.18 . Griffon Corporation announces fourth quarter and annual results .Q4 adjusted earnings per share $0.27.  Full Article

Griffon Q3 earnings per share $0.18
Wednesday, 3 Aug 2016 04:05pm EDT 

Griffon Corp : Griffon corporation announces third quarter results . Q3 earnings per share $0.18 . Q3 revenue $462.2 million . Q3 adjusted earnings per share $0.26 .Griffon corp says contract backlog was $415 million at June 30, 2016 for telephonics segment, compared to $442 million at September 30, 2015.  Full Article

Griffon says will settle up to $125 mln of conversion value in cash, under indenture for 4 pct convertible subordinated notes
Thursday, 14 Jul 2016 08:30am EDT 

Griffon Corp :Under indenture for 4% convertible subordinated notes due 2017, will settle up to $125 million of conversion value in cash.  Full Article

Griffon Corporation announces $100 mln add-on offering of senior notes
Friday, 13 May 2016 10:08am EDT 

: Commence an add-on offering through a private placement of $100 million in aggregate principal amount of senior notes due 2022 . Says intends to use proceeds of offering to repay a portion of its outstanding borrowings under its revolving credit facility .Says Griffon may re-borrow amounts repaid under its revolving credit facility for general corporate purposes.  Full Article

BRIEF-Griffon's unit to pay Emerson reverse termination fee of $13 mln if certain conditions not met

* Griffon Corp - If Emerson terminates deal due to co's unit's failure to consummate deal under some conditions, unit to pay Emerson reverse termination fee of $13 million