Welcome to our dedicated page for Simpson Manufacturing Co. news (Ticker: SSD), a resource for investors and traders seeking the latest updates and insights on Simpson Manufacturing Co. stock.
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) announced that CFO Brian Magstadt will participate in the Jefferies Virtual Industrials Conference on August 3, 2021. He is scheduled to present at 2:30 p.m. ET and hold meetings with investors.
The presentation will be available via live webcast on the company's website, with a replay option for 90 days following the event.
Simpson Manufacturing specializes in engineered structural connectors and building solutions, focusing on both wood and concrete construction products.
Simpson Manufacturing Co. reported quarterly net sales of $410.3 million, a 25.8% increase year-over-year. Gross margin improved to 47.9% from 45.9%, with quarterly income from operations rising 40.9% to $101.7 million. Diluted earnings per share reached $1.66, up 36.1% year-over-year. The company declared a quarterly cash dividend of $0.25 per share. Additionally, management updated their full-year guidance, estimating an operating margin of 19.5% to 21.0% for 2021.
On July 14, 2021, Simpson Manufacturing Co. (NYSE: SSD) declared a quarterly dividend of 25 cents per share, payable on October 28, 2021. This dividend rewards stockholders of record as of October 7, 2021. As an industry leader in engineered structural connectors and building solutions, Simpson continues to demonstrate its commitment to returning value to shareholders through consistent dividends.
Simpson Manufacturing Co., Inc. (NYSE: SSD) will report its financial results for the second quarter ending June 30, 2021, on July 26, 2021, at 4:15 p.m. Eastern Time. The company will host a conference call at 5:00 p.m. Eastern Time, available via webcast on its Investor Relations website. A replay will be accessible starting the same day at 8:00 p.m. Eastern Time until August 9, 2021. Simpson, headquartered in Pleasanton, California, is a leader in engineered structural connectors and building solutions.
Simpson Manufacturing Co. (NYSE: SSD) announced the appointment of Kenneth Knight as a non-employee director, effective June 21, 2021. Knight will also serve on the Audit and Finance Committee. His extensive background includes roles at Invitae Corporation, Amazon.com, and General Motors. Chairman James Andrasick emphasized Knight's expertise in manufacturing, mergers, and growth strategies, which will aid Simpson's five-year growth ambitions. The company specializes in engineered structural connectors and building solutions.
Simpson Manufacturing Co., Inc. (NYSE: SSD) announces that CEO Karen Colonias and CFO Brian Magstadt will participate virtually in the UBS Global Industrials and Transportation Conference on June 8, 2021, at 1:00 p.m. ET. The event will feature a live presentation and subsequent meetings with investors, accessible via the Company's Investor Relations website. Known for its engineered structural connectors and building solutions, Simpson Manufacturing also produces a range of wood and concrete construction products. A replay of the event will be available online for 90 days.
Simpson Manufacturing Co. (NYSE: SSD) reported strong first quarter 2021 results with net sales of $347.6 million, up 22.6% year-over-year.
Gross margin rose to 46.7% from 45.7%, with income from operations increasing 38.6% to $68.4 million. Diluted earnings per share were $1.16, reflecting a 39.8% increase. North America led sales growth, attributed to a resurgence in home center activity and new housing starts.
The company updated its full-year 2021 outlook, projecting operating margins between 19.5% and 22.0%.
Simpson Manufacturing Co. (NYSE: SSD) will report its Q1 2021 financial results on April 26, 2021, at 4:15 p.m. ET. President Karen Colonias and CFO Brian Magstadt will host a conference call at 5:00 p.m. ET, accessible via their Investor Relations website. The call will also be available for replay until May 10, 2021. Simpson is a leading manufacturer of building solutions, specializing in wood and concrete construction products.
Simpson Manufacturing Co. (NYSE: SSD) will host a Virtual Analyst and Investor Day on March 23, 2021, from 1:00 PM to 3:00 PM Eastern Time. The event will feature presentations from the management team covering the Company’s operations and strategy, followed by a live Q&A session. Participants can access the event via a live audio webcast on the Company's website, starting at 1:00 PM. A replay will be available for 180 days post-event.
Simpson Manufacturing specializes in engineered structural connectors and building solutions.
FAQ
What is the current stock price of Simpson Manufacturing Co. (SSD)?
What is the market cap of Simpson Manufacturing Co. (SSD)?
What products does Simpson Manufacturing Co., Inc. offer?
Where is Simpson Manufacturing Co., Inc. headquartered?
What are the primary markets served by Simpson Manufacturing Co., Inc.?
What was Simpson Manufacturing's net sales for the third quarter of 2023?
Who is the Chief Executive Officer of Simpson Manufacturing Co., Inc.?
How does Simpson Manufacturing Co., Inc. address technological advancements?
What are some recent financial achievements of Simpson Manufacturing Co., Inc.?
What is the company’s outlook for the housing market?
How does Simpson Manufacturing Co., Inc. contribute to sustainability?
What regions does Simpson Manufacturing Co., Inc. operate in?
