The Toro Company Announces The Sale Of Its Australia-Based Residential Pope Products Business; Financial Terms Not Disclosed

7/1/24 8:32:12 AM ET

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Consumer Discretionary

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Griffon Corporation (NYSE:GFF) (the "Company" or "Griffon") announced that its subsidiary, The AMES Companies, Inc., ("AMES") acquired Pope, a leading Australian provider of residential watering products, from The Toro Company (NYSE:TTC). This is AMES's seventh acquisition in Australia since 2013, and further expands AMES's product portfolio in the Australian market. Pope is expected to contribute approximately $25 million in annualized revenue and be accretive to Griffon's earnings in the first full year of ownership. Financial terms of the transaction were not disclosed.

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Recent Analyst Ratings for
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$TTC

Company	Date	Price Target	Rating	Analyst
Toro Company $TTC	12/5/2023	$110.00 → $87.00	Buy → Neutral	DA Davidson
Griffon Corporation $GFF	10/27/2023	$65.00	Buy	Deutsche Bank
Toro Company $TTC	6/22/2023	$117.00	Buy	DA Davidson
Toro Company $TTC	5/19/2023	$133.00	Buy	CL King
Toro Company $TTC	4/17/2023	$110.00	Market Perform	Northland Capital
Toro Company $TTC	12/23/2022	$130.00	Mkt Perform → Outperform	Raymond James
Toro Company $TTC	9/6/2022		Neutral → Buy	Northcoast
Griffon Corporation $GFF	5/2/2022	$33.00 → $40.00	Outperform → Strong Buy	Raymond James

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Renee J. Peterson to Retire as The Toro Company's Chief Financial Officer
Angela C. Drake elected Chief Financial Officer succeeding Peterson The Toro Company (NYSE:TTC) today announced that Renee J. Peterson, vice president and chief financial officer, plans to retire in July 2023. Angela C. Drake, who currently serves as TTC's vice president, finance will succeed Peterson as vice president and chief financial officer, effective March 10, 2023. Peterson will continue to serve the organization as vice president, finance to assist with the transition in the coming months and provide ongoing leadership for key enterprise and finance initiatives. "Throughout her tenure, Renee's leadership and strategic insight has helped The Toro Company achieve sustainable growth
2/14/23 4:30:00 PM ET
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Griffon Corporation Announces Entry Into Cooperation Agreement with Voss Capital
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Griffon Corporation ("Griffon" or the "Company") (NYSE:GFF) today announced today that Steven M. Lynch, President of Griffon's subsidiary Clopay Corporation ("Clopay"), will retire effective end of the fiscal year 2021. Victor L. "Vic" Weldon, currently Chief Operating Officer of Clopay, will succeed Mr. Lynch. Mr. Lynch, a building products industry veteran, joined Clopay in 2001 and has served as President for the past twelve years. During his tenure as President, Mr. Lynch navigated Clopay through the financial and housing crisis of 2009, consolidated and optimized operations, reset the product portfolio, and invested in Clopay's facilities, equipment, products, technologies, people and
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Financials

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11/20/24 8:30:00 AM ET
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Griffon Corporation Announces Annual and Fourth Quarter Results
Griffon Corporation ("Griffon" or the "Company") (NYSE:GFF) today reported results for the fiscal year and fourth quarter ended September 30, 2024. Revenue for fiscal 2024 totaled $2.6 billion, a 2% decrease compared to the $2.7 billion in the prior year. Fiscal 2024 net income totaled $209.9 million, or $4.23 per share, compared to $77.6 million, or $1.42 per share, in the prior year. Excluding all items that affect comparability from both periods, current year adjusted net income was $254.2 million, or $5.12 per share, compared to $247.7 million, or $4.54 per share, in the prior year. For a reconciliation of net income to adjusted net income, and earnings per share to adjusted earning
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Griffon Corporation Declares Quarterly Dividend
The Board of Directors of Griffon Corporation (NYSE:GFF) (the "Company" or "Griffon") yesterday declared a regular quarterly cash dividend of $0.18 per share. The dividend is payable on December 18, 2024 to shareholders of record as of the close of business on November 25, 2024. About Griffon Corporation Griffon is a diversified management and holding company that conducts business through wholly-owned subsidiaries. Griffon oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. Griffon provides direction and assistance to its subsidiaries with acquisition and growth opportunities as well as divestitures. As long-term investors,
11/13/24 7:30:00 AM ET
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The Toro Company to Announce Fiscal 2024 Full-Year Results
The Toro Company (NYSE:TTC), a leading global provider of solutions for the outdoor environment, announced today that it will release its fiscal 2024 fourth quarter and full-year results on Wednesday, December 18, at approximately 7:30 a.m. CST. The full text of The Toro Company's earnings release will be available at that time at www.thetorocompany.com/invest. The company will also hold an earnings conference call at 10 a.m. CST that day. A live, listen-only webcast of the earnings conference call will be available at www.thetorocompany.com/invest. Visitors are encouraged to go to the website in advance of the call to register, and download and install any necessary audio software. A rep
11/20/24 8:30:00 AM ET
$TTC
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Griffon Corporation Announces Annual and Fourth Quarter Results
Griffon Corporation ("Griffon" or the "Company") (NYSE:GFF) today reported results for the fiscal year and fourth quarter ended September 30, 2024. Revenue for fiscal 2024 totaled $2.6 billion, a 2% decrease compared to the $2.7 billion in the prior year. Fiscal 2024 net income totaled $209.9 million, or $4.23 per share, compared to $77.6 million, or $1.42 per share, in the prior year. Excluding all items that affect comparability from both periods, current year adjusted net income was $254.2 million, or $5.12 per share, compared to $247.7 million, or $4.54 per share, in the prior year. For a reconciliation of net income to adjusted net income, and earnings per share to adjusted earning
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Griffon Announces New $400 Million Share Buyback Authorization
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11/13/24 7:32:00 AM ET
$GFF
Building Products
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The Toro Company Announces The Sale Of Its Australia-Based Residential Pope Products Business; Financial Terms Not Disclosed

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$GFF$TTC Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Toro Company

Amendment: SEC Form SC 13G/A filed by Griffon Corporation

Amendment: SEC Form SC 13G/A filed by Griffon Corporation

$GFF$TTC Leadership Updates

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Renee J. Peterson to Retire as The Toro Company's Chief Financial Officer

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$GFF$TTC Financials

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The Toro Company to Announce Fiscal 2024 Full-Year Results

Griffon Corporation Announces Annual and Fourth Quarter Results

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$GFF$TTC Press Releases

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The Toro Company to Announce Fiscal 2024 Full-Year Results

Griffon Corporation Announces Annual and Fourth Quarter Results

Griffon Announces New $400 Million Share Buyback Authorization

$GFF$TTC Insider Trading

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Sr VP, Gen. Counsel and Secy Kaplan Seth L. gifted 800 shares, decreasing direct ownership by 0.48% to 167,341 units (SEC Form 4)

Director Alpert Henry A gifted 3,234 shares, decreasing direct ownership by 4% to 71,161 units (SEC Form 4)

Director Sullivan Kevin F sold $696,261 worth of shares (9,222 units at $75.50), decreasing direct ownership by 18% to 41,168 units (SEC Form 4)

$GFF$TTC SEC Filings

SEC Form 10-K filed by Griffon Corporation

Griffon Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

Toro Company filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

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Toro downgraded by DA Davidson with a new price target

Deutsche Bank initiated coverage on Griffon with a new price target

DA Davidson initiated coverage on Toro with a new price target

$GFF$TTC Market Insights

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Shares of construction and building product companies are trading higher after store sales of building material and garden supplies rose 1.4% in June.

(GFF) - Analyzing Griffon's Short Interest