secwatch.observer — SEC 8-K summary
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Issuer:     GRIFFON CORP (GFF)
CIK:        0000050725
Form:       8-K
Filed at:   2021-11-16T23:59:59+00:00
Accession:  0000050725-21-000066
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Griffon Corp reports record FY2021; revenue $2.3B (+10%), adjusted EPS $1.86, explores Telephonics sale
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- Fiscal 2021 revenue from continuing ops $2.3B (+10% YoY); net income $79.2M ($1.48) vs $53.4M ($1.19).
- Adjusted income from continuing ops $90.6M ($1.70); Adjusted EBITDA $248M (+18%).
- Telephonics (Defense Electronics) classified as discontinued ops, held for sale; strategic alternatives underway.
- CPP segment revenue $1.23B (+8%), HBP $1.04B (+12%); CPP strategic initiative expanded globally, $30-35M annual savings targeted.
- Board proposes declassification and lower special meeting threshold; targets 40% diverse independent directors by 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50725/000005072521000066/0000050725-21-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50725/000005072521000066/gff-20211116.htm
  HTML page:      https://secwatch.observer/filing/0000050725-21-000066

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