Griffon Corporation

NYSE GFF

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Griffon Corporation Return on Tangible Equity (ROTE) 5 year CAGR for the year ending September 30, 2023: -20.37%

Griffon Corporation Return on Tangible Equity (ROTE) 5 year CAGR is -20.37% for the year ending September 30, 2023. Return on tangible equity measures the profitability of a company relative to its tangible equity, which is shareholders' equity minus goodwill and intangible assets. It is calculated by dividing the net income by the tangible equity. This ratio indicates the return generated for each unit of tangible equity invested by the shareholders. A higher return on tangible equity suggests better profitability and value creation for the shareholders' tangible investment. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Griffon Corporation Return on Tangible Equity (ROTE) for the year ending September 30, 2022 was 46.40%, a -81.85% change year over year.
  • Griffon Corporation Return on Tangible Equity (ROTE) for the year ending September 30, 2021 was 255.64%, a 566.61% change year over year.
  • Griffon Corporation Return on Tangible Equity (ROTE) for the year ending September 30, 2020 was -54.79%, a -364.23% change year over year.
  • Griffon Corporation Return on Tangible Equity (ROTE) for the year ending September 30, 2019 was -11.80%, a 68.46% change year over year.
NYSE: GFF

Griffon Corporation

CEO Mr. Ronald J. Kramer
IPO Date May 3, 1973
Location United States
Headquarters 712 Fifth Avenue, New York, NY, United States, 10019
Employees 5,700
Sector Industrials
Industry Conglomerates
Description

Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally. The company operates through two segments: Home and Building Products, and Consumer and Professional Products. The Home and Building Products segment manufactures and markets residential and commercial sectional garage doors, rolling steel service doors, fire doors, shutters, steel security grilles, and room dividers for the use in commercial construction and repair, and home remodeling applications. The segment also sells related products, such as garage door openers. The Consumer and Professional Products segment manufactures and markets long-handled engineered tools, including spades, hoes, cultivators, weeders, post hole diggers, scrapers, edgers and forks; wheelbarrows and lawn carts; snow tools comprising pushers, roof rakes, sled sleigh shovels, scoops, and ice scrapers; and pruning products, such as pruners, loppers, shears, and other tools. The segment also offers striking tools, including axes, picks, mattocks, mauls, wood splitters, sledgehammers, pry bars, and repair handles; traditional and gardening hand tools comprising hammers, screwdrivers, pliers, adjustable wrenches, handsaws, tape measures, levels, clamps, trowels, cultivators, weeders, and other hand tools; indoor and outdoor planters and lawn accessories; and garden hoses and hose reels. In addition, the segment provides home organization products, including wire and wood shelving, containers, storage cabinets, and other closet and home organization accessories; residential, industrial, and commercial fans; and cleaning products, such as brooms, brushes, squeegees, and other cleaning products. The company was formerly known as Instrument Systems Corporation and changed its name to Griffon Corporation in June 1992. Griffon Corporation was founded in 1774 and is headquartered in New York, New York.

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StockViz Staff

September 20, 2024

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