Recent Insider Transactions • Jul 01
President & COO recently sold €1.1m worth of stock On the 25th of June, Robert Mehmel sold around 13k shares on-market at roughly €84.16 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €8.2m. Robert has been a net seller over the last 12 months, reducing personal holdings by €2.1m. Recent Insider Transactions • Jun 16
Chairman of the Board & CEO recently sold €8.2m worth of stock On the 12th of June, Ronald Kramer sold around 100k shares on-market at roughly €81.98 per share. This transaction amounted to 5.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Ronald's only on-market trade for the last 12 months. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 5 highly experienced directors. Independent Director Travis Cocke was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 20
Second quarter dividend of US$0.22 announced Shareholders will receive a dividend of US$0.22. Ex-date: 29th May 2026 Payment date: 17th June 2026 Dividend yield will be 1.1%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 148% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 09
Griffon Corporation Reaffirms Earnings Guidance for the Fiscal Year 2026 Griffon Corporation reaffirmed earnings guidance for the fiscal year 2026. For the year, the company's outlook is unchanged, and expected revenue from continuing operations to be $1.8 billion. The company's outlook unchanged from the first quarter, and is consistent with the expected contributions from the legacy HBP segment and Hunter Fan as included within Griffon’s guidance provided in November 2025. Aankondiging • May 08
Griffon Corporation announces Quarterly dividend, payable on June 17, 2026 Griffon Corporation announced Quarterly dividend of USD 0.2200 per share payable on June 17, 2026, ex-date on May 29, 2026 and record date on May 29, 2026. Aankondiging • May 02
Griffon Corporation to Report Q2, 2026 Results on May 07, 2026 Griffon Corporation announced that they will report Q2, 2026 results Pre-Market on May 07, 2026 Aankondiging • Jan 30
Griffon Corporation to Report Q1, 2026 Results on Feb 05, 2026 Griffon Corporation announced that they will report Q1, 2026 results Pre-Market on Feb 05, 2026 Aankondiging • Jan 12
Griffon Corporation, Annual General Meeting, Feb 18, 2026 Griffon Corporation, Annual General Meeting, Feb 18, 2026. Aankondiging • Nov 13
Griffon Corporation to Report Q4, 2025 Results on Nov 19, 2025 Griffon Corporation announced that they will report Q4, 2025 results Pre-Market on Nov 19, 2025 Aankondiging • Jul 31
Griffon Corporation to Report Q3, 2025 Results on Aug 06, 2025 Griffon Corporation announced that they will report Q3, 2025 results at 12:30 PM, US Eastern Standard Time on Aug 06, 2025 Aankondiging • May 08
Griffon Corporation Declares Quarterly Dividend, Payable on June 18, 2025 The Board of Directors of Griffon Corporation declared a regular quarterly cash dividend of $0.18 per share. The dividend is payable on June 18, 2025 to shareholders of record as of the close of business on May 30, 2025. Aankondiging • May 02
Griffon Corporation to Report Q2, 2025 Results on May 08, 2025 Griffon Corporation announced that they will report Q2, 2025 results on May 08, 2025 Aankondiging • Feb 08
Griffon Corporation Reiterates Earnings Guidance for the Year 2025 Griffon Corporation reiterated earnings guidance for the year 2025. For the year, the company's fiscal 2025 guidance provided in November 2024 remain unchanged, including $2.6 billion of revenue and $575 million to $600 million of segment adjusted EBITDA, which excludes unallocated costs and certain other charges that affect comparability and free cash flow exceeding net income for the year. Aankondiging • Feb 05
Griffon Corporation Declares Quarterly Dividend, Payable on March 18, 2025 The Board of Directors of Griffon Corporation declared a regular quarterly cash dividend of $0.18 per share. The dividend is payable on March 18, 2025 to shareholders of record as of the close of business on February 25, 2025. Aankondiging • Jan 30
Griffon Corporation to Report Q1, 2025 Results on Feb 05, 2025 Griffon Corporation announced that they will report Q1, 2025 results on Feb 05, 2025 Aankondiging • Jan 10
Griffon Corporation, Annual General Meeting, Mar 11, 2025 Griffon Corporation, Annual General Meeting, Mar 11, 2025. Location: dechert llp, 1095 avenue of the americas, new york, 10036, new york, United States New Risk • Nov 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (627% net debt to equity). Share price has been volatile over the past 3 months (6.9% average weekly change). Significant insider selling over the past 3 months (€45m sold). Declared Dividend • Nov 16
Fourth quarter dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 25th November 2024 Payment date: 18th December 2024 Dividend yield will be 0.8%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 41% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Nov 15
Chairman of the Board & CEO recently sold €22m worth of stock On the 13th of November, Ronald Kramer sold around 309k shares on-market at roughly €70.17 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ronald has been a net seller over the last 12 months, reducing personal holdings by €39m. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €73.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Building industry in Europe. Total returns to shareholders of 76% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €83.81 per share. Aankondiging • Nov 07
Griffon Corporation to Report Q4, 2024 Results on Nov 13, 2024 Griffon Corporation announced that they will report Q4, 2024 results on Nov 13, 2024 Recent Insider Transactions • Oct 20
Chairman of the Board & CEO recently sold €421k worth of stock On the 16th of October, Ronald Kramer sold around 7k shares on-market at roughly €64.41 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €5.7m. Ronald has been a net seller over the last 12 months, reducing personal holdings by €18m. Recent Insider Transactions • Sep 15
Chairman of the Board & CEO recently sold €5.7m worth of stock On the 11th of September, Ronald Kramer sold around 100k shares on-market at roughly €56.54 per share. This transaction amounted to 4.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ronald has been a net seller over the last 12 months, reducing personal holdings by €12m. Recent Insider Transactions • Aug 25
Lead Independent Director recently sold €728k worth of stock On the 22nd of August, Kevin Sullivan sold around 12k shares on-market at roughly €58.52 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €6.2m. Insiders have been net sellers, collectively disposing of €8.8m more than they bought in the last 12 months. Upcoming Dividend • Aug 23
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 28 August 2024. Payment date: 19 September 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.1%). Declared Dividend • Aug 09
Third quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 28th August 2024 Payment date: 19th September 2024 Dividend yield will be 1.1%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 36% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 54% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 08
Third quarter 2024 earnings released: EPS: US$0.87 (vs US$0.94 in 3Q 2023) Third quarter 2024 results: EPS: US$0.87 (down from US$0.94 in 3Q 2023). Revenue: US$647.8m (down 5.2% from 3Q 2023). Net income: US$41.1m (down 17% from 3Q 2023). Profit margin: 6.3% (down from 7.2% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Building industry in Europe. New Risk • Aug 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (723% net debt to equity). Share price has been volatile over the past 3 months (6.8% average weekly change). Significant insider selling over the past 3 months (€7.0m sold). Aankondiging • Aug 08
Griffon Corporation Declares Quarterly Dividend, Payable on September 19, 2024 The Board of Directors of Griffon Corporation declared a regular quarterly cash dividend of $0.15 per share. The dividend is payable on September 19, 2024 to shareholders of record as of the close of business on August 28, 2024. Aankondiging • Aug 01
Griffon Corporation to Report Q3, 2024 Results on Aug 07, 2024 Griffon Corporation announced that they will report Q3, 2024 results on Aug 07, 2024 Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €66.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Building industry in Europe. Total returns to shareholders of 81% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €91.17 per share. Recent Insider Transactions • Jun 14
Chairman of the Board & CEO recently sold €6.2m worth of stock On the 12th of June, Ronald Kramer sold around 100k shares on-market at roughly €61.83 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Ronald's only on-market trade for the last 12 months. Upcoming Dividend • May 24
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 29 May 2024. Payment date: 20 June 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.0%). Declared Dividend • May 10
Dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 29th May 2024 Payment date: 20th June 2024 Dividend yield will be 0.8%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 39% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 78% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 08
Second quarter 2024 earnings released: EPS: US$1.34 (vs US$1.17 loss in 2Q 2023) Second quarter 2024 results: EPS: US$1.34 (up from US$1.17 loss in 2Q 2023). Revenue: US$672.9m (down 5.4% from 2Q 2023). Net income: US$64.1m (up US$126.4m from 2Q 2023). Profit margin: 9.5% (up from net loss in 2Q 2023). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Building industry in Europe. Aankondiging • May 03
Griffon Corporation to Report Q2, 2024 Results on May 08, 2024 Griffon Corporation announced that they will report Q2, 2024 results on May 08, 2024 Buy Or Sell Opportunity • Apr 25
Now 22% undervalued Over the last 90 days, the stock has risen 15% to €63.00. The fair value is estimated to be €80.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 1.6% in 2 years. Earnings are forecast to grow by 300% in the next 2 years. Buy Or Sell Opportunity • Apr 11
Now 21% undervalued Over the last 90 days, the stock has risen 20% to €64.00. The fair value is estimated to be €80.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 1.6% in 2 years. Earnings are forecast to grow by 300% in the next 2 years. Buy Or Sell Opportunity • Mar 06
Now 21% undervalued Over the last 90 days, the stock has risen 41% to €64.50. The fair value is estimated to be €81.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 1.8% in 2 years. Earnings are forecast to grow by 306% in the next 2 years. Aankondiging • Feb 21
Griffon Corporation Announces Resignation of Travis W. Cocke as a Member of the Board and the Nominating and Corporate Governance Committee of the Board Griffon Corporation announced resignation of Travis W. Cocke as a Member of the Board and the Nominating and Corporate Governance Committee of the Board, effective from February 20, 2024. Upcoming Dividend • Feb 21
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 21 March 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (5.4%). Recent Insider Transactions • Feb 11
Independent Director recently sold €314k worth of stock On the 8th of February, Cheryl Turnbull sold around 5k shares on-market at roughly €62.74 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €595k more than they bought in the last 12 months. Declared Dividend • Feb 09
Dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 28th February 2024 Payment date: 21st March 2024 Dividend yield will be 3.8%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 39% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 211% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 08
First quarter 2024 earnings released: EPS: US$0.86 (vs US$0.93 in 1Q 2023) First quarter 2024 results: EPS: US$0.86 (down from US$0.93 in 1Q 2023). Revenue: US$643.2m (down 1.0% from 1Q 2023). Net income: US$42.2m (down 13% from 1Q 2023). Profit margin: 6.6% (down from 7.5% in 1Q 2023). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Building industry in Europe. Aankondiging • Feb 07
Griffon Corporation Provides Earnings Guidance for the Fiscal Year 2024 Griffon Corporation provided earnings guidance for the fiscal year 2024. For the year, the company expects revenue of $2.6 billion. Buy Or Sell Opportunity • Feb 02
Now 21% undervalued Over the last 90 days, the stock has risen 37% to €53.50. The fair value is estimated to be €67.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.6% per annum. Earnings are also forecast to grow by 38% per annum over the same time period. Aankondiging • Feb 01
Griffon Corporation to Report Q1, 2024 Results on Feb 07, 2024 Griffon Corporation announced that they will report Q1, 2024 results on Feb 07, 2024 Aankondiging • Jan 30
Griffon Corporation, Annual General Meeting, Mar 20, 2024 Griffon Corporation, Annual General Meeting, Mar 20, 2024, at 10:00 Eastern Daylight. Location: Dechert LLP 1095 Avenue of the Americas, New York, NY 10036 New York United States Agenda: To discuss and approve Election of thirteen directors for a term of one year; to discuss and approve Advisory vote on executive compensation; to discuss and approve Amendment No. 1 to the Amended and Restated 2016 Equity Incentive Plan to authorize an increase in the number of shares available for future awards; to discuss and approve Ratification of the selection by Audit Committee of Grant Thornton LLP to serve as our independent registered public accounting firm for fiscal year 2024; and to discuss and approve Any other matters that properly come before the meeting. Reported Earnings • Nov 17
Full year 2023 earnings released: EPS: US$1.49 (vs US$5.57 loss in FY 2022) Full year 2023 results: EPS: US$1.49 (up from US$5.57 loss in FY 2022). Revenue: US$2.69b (down 5.7% from FY 2022). Net income: US$77.6m (up US$365.3m from FY 2022). Profit margin: 2.9% (up from net loss in FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Building industry in Europe. Aankondiging • Nov 17
Griffon Corporation Declares Quarterly Cash Dividend, Payable on December 14, 2023 The Board of Directors of Griffon Corporation declared a regular quarterly cash dividend of $0.15 per share. The dividend is payable on December 14, 2023, to shareholders of record as of the close of business on November 28, 2023. Aankondiging • Nov 09
Griffon Corporation to Report Q4, 2023 Results on Nov 15, 2023 Griffon Corporation announced that they will report Q4, 2023 results on Nov 15, 2023 Upcoming Dividend • Aug 15
Upcoming dividend of US$0.13 per share at 5.9% yield Eligible shareholders must have bought the stock before 22 August 2023. Payment date: 14 September 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.5%). Reported Earnings • Aug 03
Third quarter 2023 earnings released: EPS: US$0.94 (vs US$1.02 in 3Q 2022) Third quarter 2023 results: EPS: US$0.94 (down from US$1.02 in 3Q 2022). Revenue: US$683.4m (down 11% from 3Q 2022). Net income: US$49.2m (down 6.8% from 3Q 2022). Profit margin: 7.2% (up from 6.9% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.2% growth forecast for the Building industry in Europe. Aankondiging • Jul 28
Griffon Corporation to Report Q3, 2023 Results on Aug 02, 2023 Griffon Corporation announced that they will report Q3, 2023 results on Aug 02, 2023 Upcoming Dividend • May 17
Upcoming dividend of US$0.13 per share at 7.7% yield Eligible shareholders must have bought the stock before 24 May 2023. Payment date: 15 June 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 7.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.1%). Aankondiging • May 04
Griffon Corporation Revises Earnings Outlook for the Year 2023 Griffon Corporation revised earnings outlook for the year 2023. For the period, The company expects revenue of $2.7 billion (prior $2.95 billion) reflecting decreased CPP revenue, primarily driven by reduced consumer demand and ongoing elevated levels of customer inventory, partially offset by increased HBP revenue driven by commercial volume increases and improved residential volume expectations. Reported Earnings • May 03
Second quarter 2023 earnings released: US$1.17 loss per share (vs US$1.13 profit in 2Q 2022) Second quarter 2023 results: US$1.17 loss per share (down from US$1.13 profit in 2Q 2022). Revenue: US$711.0m (down 8.8% from 2Q 2022). Net loss: US$62.3m (down 206% from profit in 2Q 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Building industry in Europe. Upcoming Dividend • Feb 15
Upcoming dividend of US$0.10 per share at 1.0% yield Eligible shareholders must have bought the stock before 22 February 2023. Payment date: 23 March 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.1%). Buying Opportunity • Feb 08
Now 23% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be €49.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 02
First quarter 2023 earnings released: EPS: US$0.93 (vs US$0.33 in 1Q 2022) First quarter 2023 results: EPS: US$0.93 (up from US$0.33 in 1Q 2022). Revenue: US$649.4m (up 9.7% from 1Q 2022). Net income: US$48.7m (up 188% from 1Q 2022). Profit margin: 7.5% (up from 2.9% in 1Q 2022). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Building industry in Europe. Aankondiging • Feb 01
Griffon Corporation Declares Regular Quarterly Cash Dividend, Payable on March 23, 2023 The Board of Directors of Griffon Corporation declared a regular quarterly cash dividend of $0.10 per share. The dividend is payable on March 23, 2023, to shareholders of record as of the close of business on February 23, 2023. Aankondiging • Jan 10
Griffon Corporation Appoints Travis W. Cocke to its Board of Directors Griffon Corporation announced that it has entered into a cooperation agreement with Voss Capital (Voss), which owns approximately 6.0% of the company’s outstanding common stock, including the appointment of Travis W. Cocke, Chief Investment Officer of Voss, to Griffon’s Board of Directors. Mr. Cocke will fill the vacancy resulting from the recent passing of Admiral Robert G. Harrison, who served on Griffon’s Board for eighteen years with distinction. Mr. Cocke will serve as a member of the Board’s Committee on Strategic Considerations and Nominating and Corporate Governance Committee. Pursuant to the Cooperation Agreement, the Company has agreed to appoint Mr. Cocke to the Board, effective January 9, 2023, and nominate him to stand for election at its upcoming 2023 annual meeting of stockholders. Concurrent with his appointment to the Board, Mr. Cocke will be appointed to the Nominating and Corporate Governance Committee, as well as the Committee on Strategic Considerations. In addition, Voss has, among other things, withdrawn its slate of proposed nominees and agreed to abide by certain standstill, -94 voting and other provisions as set forth in the Cooperation Agreement, which will be publicly filed. In addition, the Cooperation Agreement provides that, following the company’s 2023 annual meeting of stockholders, at Voss’s election the company will, in consultation with Voss, select and appoint one additional independent director to the Board, and the size of the Board will be not more than 13 members. Upcoming Dividend • Nov 21
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 28 November 2022. Payment date: 16 December 2022. The company is not currently making a profit and its cash payout ratio is 84%. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.2%). Reported Earnings • Nov 18
Full year 2022 earnings released: US$5.57 loss per share (vs US$1.40 profit in FY 2021) Full year 2022 results: US$5.57 loss per share (down from US$1.40 profit in FY 2021). Revenue: US$2.85b (up 25% from FY 2021). Net loss: US$287.7m (down US$359.0m from profit in FY 2021). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Building industry in Europe. Aankondiging • Oct 07
Griffon Corporation, Annual General Meeting, Mar 15, 2023 Griffon Corporation, Annual General Meeting, Mar 15, 2023. Upcoming Dividend • Aug 10
Upcoming dividend of US$0.09 per share Eligible shareholders must have bought the stock before 17 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (2.2%). Reported Earnings • Jul 29
Third quarter 2022 earnings released: EPS: US$1.02 (vs US$0.33 in 3Q 2021) Third quarter 2022 results: EPS: US$1.02 (up from US$0.33 in 3Q 2021). Revenue: US$768.2m (up 19% from 3Q 2021). Net income: US$52.8m (up 216% from 3Q 2021). Profit margin: 6.9% (up from 2.6% in 3Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 12%, compared to a 12% growth forecast for the industry in Germany. Aankondiging • Jul 29
Griffon Corporation Declares Quarterly Dividend, Payable on September 15, 2022 The Board of Directors of Griffon Corporation declared a regular quarterly cash dividend of $0.09 per share. The dividend is payable on September 15, 2022 to shareholders of record as of the close of business on August 18, 2022. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €25.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Building industry in Europe.