secwatch.observer — SEC 8-K summary
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Issuer:     GRIFFON CORP (GFF)
CIK:        0000050725
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0000050725-23-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Griffon reports FY2023 adjusted EPS $4.54 vs $4.07; Q4 adjusted EPS $1.19; dividend up 20%
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- Fiscal 2023 revenue $2.7B (down 6% YoY); adjusted income $247.7M ($4.54 EPS) vs $219.8M ($4.07) prior year.
- Q4 revenue $641M (down 10% YoY); Q4 adjusted EPS $1.19 vs $1.09; adjusted EBITDA $121.3M.
- HBP revenue up 5% to $1.6B, adjusted EBITDA up 24% to $510.9M; CPP revenue down 18%, EBITDA down 49%.
- Board declares quarterly dividend $0.15/share (20% increase); $107.2M remaining share repurchase authorization.
- FY2024 outlook: revenue $2.6B, adjusted EBITDA $525M; free cash flow expected to exceed net income.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50725/000005072523000053/0000050725-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50725/000005072523000053/gff-20231115.htm
  HTML page:      https://secwatch.observer/filing/0000050725-23-000053

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