secwatch.observer — SEC 8-K summary
======================================

Issuer:     GRIFFON CORP (GFF)
CIK:        0000050725
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0000050725-24-000143
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Griffon Q4/FY2024 EPS beat; dividend up 20%, new $400M buyback
--------------------------------------------------------------

- FY2024 revenue $2.6B (-2% YoY); net income $209.9M ($4.23 EPS); adj. EPS $5.12.
- Q4 revenue $659.7M (+3%); net income $62.5M ($1.29 EPS); adj. EPS $1.47.
- Adjusted EBITDA FY2024 $513.6M (+2%); Q4 $137.5M (+13%); free cash flow $326.1M.
- Dividend raised 20% to $0.18/share; Board authorized new $400M share repurchase program.
- FY2025 outlook: revenue ~$2.6B, adj. EBITDA $575-600M; CPP global sourcing completed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50725/000005072524000143/0000050725-24-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50725/000005072524000143/gff-20241113.htm
  HTML page:      https://secwatch.observer/filing/0000050725-24-000143

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer