Griffon Corporation

Griffon Corporation

Griffon Corporation

Overview
Date Founded

1970

Headquarters

712 FIFTH AVENUE, 18TH FLOOR, NEW YORK, NY, 10019

Type of Company

Public

Employees (Worldwide)

7,300

Industries

Metal Manufacturing & Products
Building Products & Construction Materials
Paper Products
Engineering, Construction & Architecture

Company Description

Griffon Corp. is a management and holding company, which engages in the direction and assistance to its subsidiaries. It operates through the following segments: Consumer and Professional Products, Home and Building Products, and Defense Electronics. The Consumer and Professional Products segment operates through AMES. The Home and Building Products segment consists of two companies, which manufactures branded consumer and professional tools, landscaping products, and outdoor lifestyle solutions; and sells residential,and commercial garage doors. The Defense Electronics segment focuses on sophisticated intelligence, surveillance, and communications solutions for defense, aerospace, and commercial customers. The company was founded on May 18, 1959 and is headquartered in New York, NY.

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Executives & Employees

Chairman & Chief Executive Officer

Director, President & Chief Operating Officer

Senior Vice President & Chief Financial Officer

Chief Financial Officer & Executive Vice President

Senior Vice President, General Counsel & Secretary

Vice President, Controller & Chief Accounting Officer

President, Telephonics Corporation

President, Clopay Plastic Products

President, Clopay Building Products

President, the Ames Companies & Senior Vice President, Griffon

Board of Directors

Chairman & Chief Executive Officer at Griffon Corporation

Partner at Ice Miller LLP

Director, President & Chief Operating Officer at Griffon Corporation

President at Nikki Beach

Managing Director at MidOcean Credit Partners

Co-Founder at Juniper Capital Management LLC

Chief Information Officer at Myriad Genetics, Inc.

Head-Investor Relations at Wynn Resorts Ltd.

Founder at The Renuart Group LLC

Fund Advisor at Boyar Asset Management, Inc.

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Griffon Corporation
Owners & Shareholders
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GAMCO invests in a variety of US and international securities through various investment styles including value, growth, non-market correlated, and convertible securities. They offer a wide spectrum of investment products and strategies under the Gabelli and GAMCO brands covering US equities, US fixed income, global and international equities, and convertible securities using value and growth investment styles, a variety of capitalization sizes, and ESG strategies. The firm's value portfolio uses fundamental research to identify undervalued companies whose securities trade at a significant discount to the price that they believe an investor would be willing to pay to acquire such companies. The firm also seeks to identify catalysts that might unlock private market value. GAMCO's growth portfolio invests in companies with superior growth prospects whose stocks appear undervalued relative to their future earnings stream.

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Teton Advisors, Inc. (OTC Pink: TETAA) is a multi-strategy investment management company, and is the registered investment adviser to six open-end mutual funds under the TETON Westwood brand. We offer our funds and separately managed accounts to individuals and institutions directly and through third party intermediaries. An affiliate of GAMCO Investors, Inc. (NYSE: GBL), Teton Advisors, Inc. shares the fundamental, research-driven investment philosophy of GAMCO Investors, Inc.

Details Hidden

Claybrook Capital LLC is an American private company located in Wellesley, MA. The firm provides investment advice. It was founded in 2016 by Jerry Anthony Nigro, he has been the CEO since then.

Recent Transactions
Details Hidden

Griffon Corporation, Kelkay Ltd. purchase Anchor Fast Products Ltd.

Details Hidden

Griffon Corporation issued USD Common Stock

Details Hidden

Griffon Corporation, Clopay Corp. (Ohio) purchase CornellCookson LLC from CIW Enterprises, Inc.

Insider Transactions
Details Hidden
Transaction Advisors
Legal Advisor

Advised onGriffon Corporation purchases Ames True Temper, Inc. from Castle Harlan, Inc.

Investment Advisor

Advised onGriffon Corporation purchases Ames True Temper, Inc. from Castle Harlan, Inc.

Auditor

Advised onGriffon Corporation issued USD Common Stock

Legal Advisor

Advised onBerry Global Group, Inc. purchases Clopay Plastic Products Co., Inc. from Griffon Corporation

Legal Advisor

Advised onGriffon Corporation purchases Ames True Temper, Inc. from Castle Harlan, Inc.

Associate

Advised onBerry Global Group, Inc. purchases Clopay Plastic Products Co., Inc. from Griffon Corporation

Advisors & Consultants
Consultant

Former Chief Financial Officer & Executive Vice President at Griffon Corporation

Advisor

Managing Director at ICR LLC

Clients

Home Depot, Inc. is a home improvement retailer, which engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products, and decor products. It offers home improvement installation services and tool and equipment rental. The company was founded by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone and Pat Farrah on June 29, 1978 and is headquartered at Atlanta, GA.

NVR, Inc. engages in the construction and sale of single-family detached homes, townhomes and condominium buildings. It operates through the following segments: Homebuilding and Mortgage Banking. The Homebuilding segment sells and builds homes under the trade names Ryan Homes, NVHomes, Fox Ridge Homes and Heartland Homes. The Mortgage Banking segment focuses on serving the needs of the company's homebuyers. The company was founded in 1980 and is headquartered in Reston, VA.

Lockheed Martin Corp. operates as a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. The Aeronautics segment researches, designs, develops, manufactures, integrates, sustains, supports, and upgrades advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defence systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support and integration services; manned and unmanned ground vehicles; and energy management solutions. The RMS segment offers design, manufacture, service, and support for a variety of military and commercial helicopters; ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defence systems; radar systems; the Littoral Combat Ship; simulation and training services; and unmanned systems and technologies. The Space segment comprises of the research and development, design, engineering and production of satellites, strategic, and defensive missile systems and space transportation systems. The company was founded in 1961 and is headquartered in Bethesda, MD.

Key Stats and Financials As of 2019
Market Capitalization
$461M
Total Enterprise Value
$1.93B
Earnings Per Share
$0.87
Revenue
$2.21B
Enterprise Value Sales
0.87x
TEVNet Income
51.79x
Debt TEV
0.57x
Total Equity
$478M
Total Debt
$1.1B
Net Profit
$37.3M
Enterprise Value EBITDAOperating
9.98x
EBITDAMargin
8.76%
EBITDA
$194M
Three Year Compounded Annual Growth Rate Of Revenue
4.12%
Five Year Compounded Annual Growth Rate Of Revenue
2.09%
Non-Profit Donations & Grants
$25K - $50K
2018
$1,000 - $10K
2018
$25K - $50K
2017
Investments
Details Hidden

Academy Xi Pty Ltd. provides courses and workshops for learning user experience design, service design, virtual reality, product management and innovation training. The company was founded in 2015 by Ben Wong and Charbel Zeaiter and is headquartered in Surry Hills, Australia.

Suppliers
Comtech Telecommunications Corp. Other Manufacturing | Melville, NY

Comtech Telecommunications Corp. engages in the design, development, production, and market of products, systems, and services for advanced communications solutions. It operates through the Commercial Solutions and Government Solutions segment. The Commercial Solutions segment offers satellite communications, public safety systems, and enterprise application technologies for commercial customers and smaller government customers. The Government Solutions segment comprises mission-critical technologies and transmission technologies for large government end users, international customers, and domestic prime contractors. The company was founded in 1967 and is headquartered in Melville, NY.

Wireless Telecom Group, Inc. Equipment & Office Supplies | Paramus, NJ

Wireless Telecom Group, Inc. engages in the design and manufacture of radio frequency and microwave components, modules, systems, and instruments. The company markets its products and services under the Boonnton, Microlab, Noisecom, and CommAgility brands. It operates through the following segments: Network Solution, Test and Measurement, and Embedded Solutions. The Network Solution segment comprises operations of Microlab. The Test and Measurement segment includes operations of Boonton and Noisecom. The Embedded Solutions segment consists of CommAgility. The company was founded in 1985 and is headquartered in Parsippany, NJ.

Oracle Corp. Internet Software & Services | Redwood Shores, CA

Oracle Corporation is an American multinational computer technology corporation headquartered in Redwood Shores, California. The company specializes primarily in developing and marketing database software and technology, cloud engineered systems, and enterprise software products — particularly its own brands of database management systems. In 2018, Oracle was the third-largest software maker by revenue, after Microsoft and Alphabet. The company also develops and builds tools for database development and systems of middle-tier software, enterprise resource planning (ERP) software, customer relationship management (CRM) software, and supply chain management (SCM) software.

Competitors
Newell Brands, Inc. Other Manufacturing - Atlanta, Georgia

Newell Brands, Inc. engages in the manufacture, marketing, and sale of consumer and commercial products. It operates through the following segments: Food and Appliances; Home and Outdoor Living; and Learning and Development. The Food and Appliances segment includes household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products and fresh preserving products. The Home and Outdoor Living segment consists of products for outdoor and outdoor-related activities, home fragrance products and connected home and security. The Learning and Development segment deals with writing instruments, including markers and highlighters, pens and pencils; art products; activity-based adhesive and cutting products; labeling solutions; baby gear and infant care products. The company was founded in 1903 and is headquartered in Hoboken, NJ.

First Service Corporation Real Estate - Toronto, Can

FirstService Corp. engages in the provision of property services. It operates through the FirstService Residential and FirstService Brands segments. The FirstService Residential segment offers residential property management services in North America. The FirstService Brands segment covers residential and commercial customers through both franchise systems, and company-owned operations. The company was founded by Jay S. Hennick in 1989 and is headquartered in Toronto, Canada.

Fiskars Oyj Abp Engineering, Construction & Architecture - Helsinki, Finland

Fiskars Oyj Abp manufactures and markets branded consumer goods. It operates through Living and Functional segments. The Living segment offers premium and luxury products for tabletop, giftware, and interior décor. The Functional segment provides tools for use in and around the house as well as outdoors. The company was founded by Peter Thorwöste in 1649 and is headquartered in Helsinki, Finland.

Awards & Honors
Rank #967
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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