Griffon increases share repurchase program by $200M

The board of directors of Griffon authorized the repurchase of an additional $200M worth of shares of Griffon common stock. During the fiscal year ending September 30, Griffon repurchased 4.1M shares of common stock for a total of $150.8M, or an average of $36.39 per share. Total remaining under the share repurchase authorization as of September 30 was $107.2M. During the period October 1 through market close on November 14, Griffon repurchased 1.1M shares of common stock, for a total of $45M or an average of $39.91 per share. As of the market open, including the $200M authorization increase, Griffon has a total of $262M available under its stock repurchase program.