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GFF 资讯
GFF 事件
Griffon Corporation Plans $800M Senior Notes Offering via Private Placement
Griffon Corporation intends to commence an offering through a private placement, subject to market and other conditions, of $800M in aggregate principal amount of senior notes due 2034. The Notes will be senior unsecured obligations of Griffon and will be guaranteed by certain of its domestic subsidiaries. Griffon intends to use the proceeds from the offering, together with cash on hand and revolver borrowings under either Griffon's existing credit facility or its new revolving credit facility that is expected to close substantially concurrently with the offering, to redeem all of Griffon's outstanding 5.75% Senior Notes due 2028 at the applicable redemption price plus accrued and unpaid interest and pay certain related fees and expenses.
Griffon Closes Joint Venture with AMES Australasia, Receives $181M Cash
Griffon announced the closing of the joint venture between Griffon's AMES Australasia business and an investment group led by the management of AMES Australasia with support from Australian financial investors. Griffon received $181M in cash, a $49M paid-in-kind note receivable from the joint venture, and a 49% equity interest. Goldman Sachs & Co. acted as financial advisor to Griffon and provided committed debt financing for the joint venture. Houlihan Lokey Capital acted as financial advisor to Griffon's Board.
Griffon Corporation Reports 15% Revenue Growth
Griffon Corporation (GFF)…
Griffon's Fiscal 2026 Outlook Unchanged, Revenue Expected at $1.8 Billion
Griffon's fiscal year 2026 outlook is 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. Griffon expects fiscal 2026 revenue from continuing operations to be $1.8 billion. Adjusted EBITDA, presented to reflect Griffon's new reporting structure, is expected to be $458 million, excluding certain charges that affect comparability. Free cash flow from continuing operations, including capital expenditures of $50 million, is expected to exceed net income from continuing operations, with depreciation of $27 million and amortization of $15 million. Fiscal year 2026 interest expense is expected to be $93 million, excluding any interest income from the anticipated AMES joint venture. Griffon's normalized tax rate is expected to be 28%.
Griffon Reports Q2 Revenue of $421.9M, Beating Consensus
Reports Q2 revenue $421.9M, consensus $414.59M. "Our team delivered solid performance this quarter, and Griffon is on track for another strong year," said Ronald J. Kramer, Chairman and CEO of Griffon. "The strategic actions we announced in the quarter to streamline our business into a pure-play building products company are progressing well. Given our first half results, and continued confidence in our outlook, we are maintaining our financial guidance for the fiscal year." "During our first half, we returned $72 million to shareholders through dividends and share repurchases while maintaining our net debt to EBITDA leverage," continued Mr. Kramer. "We will continue to follow our balanced capital allocation strategy to maintain our strong balance sheet while returning value to our shareholders."
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