Why Griffon
Griffon presents a compelling opportunity for shareholder value creation driven by strong operating performance and a disciplined approach to capital allocation.
Our Strengths
A broad portfolio of market-leading and iconic products, widely recognized and respected by consumers and professionals, many with over 100 years of legacy.
Robust portfolio of residential and commercial products preferred by consumers and meeting the rigorous requirements of professionals.
Well-positioned to capitalize on secular growth trends in residential repair and remodeling, commercial construction, and housing demographics.
Growing demand for our products
Repair and remodel activity remains elevated (>$475B annual spend) given the increased demand for housing, limited new stock, and aging inventory
Commercial construction demand continues to grow with focus on efficiency, security and resiliency
U.S. housing is underbuilt and current stock is aging (median age of owner-occupied housing in 2022: 40 years)
Maturing Millennial and Gen Z populations driving increase in household formation
Capital Allocation Strategy Delivers Shareholder Value
Consistent dividend performance
$0.72
Annual Dividend
53
Consecutive Quarterly Dividends
18%
CAGR since 2012
Disciplined balance sheet management
2.6x
Current Leverage1
$ 1.4B
Net Debt1
$514M
Adj. EBITDA1
Opportunistic share buyback
$858M
Authorizations since April 2023
$458M
Repurchased since April 20232
16.4%
Share Base Repurchased since April 20232
- See reconciliation of GAAP to non-GAAP measures in our latest Earnings Press Release located in the Press Releases section of our Investor Relations site.
- As of 12/11/2024
Sources for annual repair and remodel spend and median age of owner-occupied housing in 2022: Harvard Joint Center for Housing Studies; National Association of Home Builders, U.S. Census Bureau