Griffon (GFF) Increases Share Buyback by $200M

The Board of Directors of Griffon Corporation (NYSE: GFF) authorized the repurchase of an additional $200 million worth of shares of Griffon common stock. During the fiscal year ending September 30, 2023, Griffon repurchased 4.1 million shares of common stock for a total of $150.8 million, or an average of $36.39 per share. Total remaining under the share repurchase authorization as of September 30, 2023 was $107.2 million. During the period October 1, 2023 through market close on November 14, 2023, Griffon repurchased 1.1 million shares of common stock, for a total of $45.0 million or an average of $39.91 per share. As of the market open today, including the $200 million authorization increase, Griffon has a total of $262 million available under its stock repurchase program.

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