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Simpson Manufacturing Co., Inc. (NYSE: SSD), headquartered in Pleasanton, California, stands as a global leader in the design, engineering, manufacturing, and sale of building construction products for wood and concrete structures. Through its subsidiaries, including Simpson Strong-Tie Company Inc., the company offers an extensive range of products that are crucial to the residential, light industrial, and commercial construction markets.
For wood construction, Simpson Manufacturing provides products such as connectors, truss plates, fastening systems, fasteners, shear walls, and prefabricated lateral systems. These products are primarily used in light-frame construction, offering stability and strength in building structures. In addition, the company caters to the concrete construction sector with products including adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder-actuated tools, and fiber-reinforced materials. These items are pivotal for construction repair, protection, and strengthening applications.
Simpson Manufacturing is committed to innovation and quality, continuously enhancing its product offerings to meet evolving market needs. The company's operations span three primary regions: North America, Europe, and Asia Pacific, with North America being the largest contributor to its revenue.
Recent financial highlights indicate solid performance despite challenging market conditions. For the third quarter of 2023, the company reported net sales of $580.1 million, a 4.8% increase from the same period in the previous year. This growth was driven by improved volumes in the North American segment and double-digit volume growth in commercial, national retail, and building technology markets. However, the company anticipates some downward pressure on results in the fourth quarter of 2023 due to market conditions and typical seasonality.
In corporate developments, Simpson Manufacturing continues to focus on strategic investments and growth initiatives, such as expanding its digital offerings and enhancing customer experience. The recent appointment of Udit Mehta as Chief Technology Officer in May 2024 underscores the company’s commitment to advancing its technological infrastructure and driving innovation.
Simpson Manufacturing also emphasizes its social and environmental responsibilities. The company’s Fiscal 2023 Corporate Social Responsibility Report highlights its ongoing commitment to sustainable business practices and social responsibility, reflecting its dedication to positive impacts on society and the environment.
As Simpson Manufacturing looks to the future, it remains focused on leveraging its strong market position, innovative product offerings, and strategic investments to drive long-term growth and enhance shareholder value.
Simpson Manufacturing Co. (NYSE: SSD) reported Q1 2023 net sales of
Simpson Manufacturing Co., Inc. (NYSE: SSD), a leader in engineered structural connectors and building solutions, will report its first-quarter financial results for the period ended March 31, 2023, on April 24, 2023, at 4:15 p.m. Eastern Time. The conference call will be hosted by President and CEO Michael Olosky and CFO Brian Magstadt at 5:00 p.m. Eastern Time, accessible via the Company’s Investor Relations website. Investors can call in using (877) 407-0792 for the U.S. and Canada, or (201) 689-8263 for international participants. A replay of the call will be available starting April 24, 2023, at 8:00 p.m. until May 8, 2023. Simpson specializes in manufacturing wood and concrete construction products and supplies to markets in North America and Europe.
Simpson Manufacturing Co. (NYSE: SSD) announced its participation in the Sidoti Small-Cap Virtual Conference set for March 23, 2023, at 11:30 a.m. ET. CEO Mike Olosky and CFO Brian Magstadt will present and engage in virtual meetings with investors. The event will be available for live streaming on their Investor Relations website, with a replay accessible for 90 days. Simpson Manufacturing, based in Pleasanton, California, is a leading manufacturer of wood and concrete construction products, supplying solutions to residential and commercial markets in North America and Europe.
Simpson Manufacturing Co. (NYSE: SSD) reported Q4 2022 net sales of $475.6 million, a 13.6% year-over-year increase, with full-year sales reaching $2.12 billion, up 34.5%. Q4 net income was $57.6 million, or $1.35 per diluted share, down from $69.8 million, or $1.61 per diluted share a year prior. The company declared a quarterly dividend of $0.26 and repurchased $78.6 million in stock in 2022. European sales surged 150.3% due to the acquisition of ETANCO. Management anticipates operating margins between 18% and 20% for 2023, while integrating ETANCO and pursuing growth initiatives amid a challenging market.
Simpson Manufacturing Co. (NYSE: SSD) announced a quarterly dividend of 26 cents per share, declared on January 24, 2023. This dividend will be payable on April 27, 2023, to shareholders of record as of April 6, 2023. The company specializes in engineered structural connectors and building solutions, serving both residential and commercial markets across North America and Europe.
Simpson Manufacturing Co., Inc. (NYSE: SSD) will report its fourth quarter and full year financial results for the period ending December 31, 2022, on February 6, 2023, at 4:15 p.m. ET. President and CEO Michael Olosky, along with CFO Brian Magstadt, will host a conference call at 5:00 p.m. ET, accessible via the company's Investor Relations website. For those unable to attend live, a replay will be available after 8:00 p.m. ET on the same day until February 20, 2023. The company produces engineered structural connectors and building solutions, serving both residential and commercial markets in North America and Europe.
Simpson Manufacturing Co. (NYSE: SSD) will present at the CJS Securities 23rd Annual New Ideas for the New Year Conference on January 11, 2023, at 2:20 p.m. ET. CEO Mike Olosky and senior management will join virtually and engage with investors throughout the day. The presentation will be accessible via live webcast on the company's Investor Relations website, with a replay available for 90 days post-event. Simpson, headquartered in Pleasanton, California, specializes in engineered structural connectors and building solutions for residential and commercial markets across North America and Europe.
Simpson Manufacturing Co., a leader in engineered structural connectors, announces executive officer updates effective January 1, 2023. Michael Olosky is appointed President and CEO, succeeding the previous leadership. Other key positions remain unchanged, with Brian Magstadt as CFO, and several executives taking on new roles including Roger Dankel as Executive VP of North American Sales and Jeremy Gilstrap as Executive VP of Innovation. This leadership succession is part of the company's strategic planning to strengthen its market position.
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