SIMPSON MANUFACTURING CO., INC. ANNOUNCES 2024 FOURTH QUARTER AND FULL-YEAR FINANCIAL RESULTS
Simpson Manufacturing (NYSE: SSD) reported its Q4 and full-year 2024 financial results. Full-year net sales reached $2.2 billion, showing a modest 0.8% increase year-over-year. The company's operating income was $430.0 million with a margin of 19.3%, while net income per diluted share was $7.60.
In North America, sales volumes outperformed U.S. housing starts by approximately 600 basis points, with net sales increasing 1.1% to $1.7 billion. European operations saw a slight 0.4% decrease in net sales to $479.1 million amid challenging market conditions.
The company declared a quarterly dividend of $0.28 per share and completed a $100 million share repurchase program. For 2025, Simpson projects an operating margin between 18.5% and 20.5%, with capital expenditures estimated at $150-170 million.
Simpson Manufacturing (NYSE: SSD) ha comunicato i risultati finanziari per il quarto trimestre e l'intero anno 2024. Le vendite nette annuali hanno raggiunto 2,2 miliardi di dollari, mostrando un modesto aumento dello 0,8% rispetto all'anno precedente. L'utile operativo dell'azienda è stato di 430 milioni di dollari con un margine del 19,3%, mentre l'utile netto per azione diluita è stato di $7,60.
In Nord America, i volumi di vendita hanno superato i nuovi cantieri abitativi statunitensi di circa 600 punti base, con vendite nette in aumento dell'1,1% a $1,7 miliardi. Le operazioni europee hanno registrato una lieve diminuzione dello 0,4% delle vendite nette, scendendo a $479,1 milioni, a causa di condizioni di mercato difficili.
L'azienda ha dichiarato un dividendo trimestrale di $0,28 per azione e ha completato un programma di riacquisto di azioni da $100 milioni. Per il 2025, Simpson prevede un margine operativo compreso tra il 18,5% e il 20,5%, con spese in conto capitale stimate tra $150 e $170 milioni.
Simpson Manufacturing (NYSE: SSD) reportó sus resultados financieros del cuarto trimestre y del año completo 2024. Las ventas netas anuales alcanzaron 2.2 mil millones de dólares, mostrando un modesto aumento del 0.8% en comparación con el año anterior. El ingreso operativo de la empresa fue de 430 millones de dólares con un margen del 19.3%, mientras que el ingreso neto por acción diluida fue de $7.60.
En América del Norte, los volúmenes de ventas superaron los nuevos inicios de viviendas en EE. UU. en aproximadamente 600 puntos básicos, con ventas netas aumentando un 1.1% hasta $1.7 mil millones. Las operaciones en Europa vieron una ligera disminución del 0.4% en las ventas netas a $479.1 millones en medio de condiciones de mercado desafiantes.
La empresa declaró un dividendo trimestral de $0.28 por acción y completó un programa de recompra de acciones por $100 millones. Para 2025, Simpson proyecta un margen operativo entre el 18.5% y el 20.5%, con gastos de capital estimados en $150-170 millones.
심슨 제조 (NYSE: SSD)는 2024년 4분기 및 전체 연도 재무 결과를 보고했습니다. 전체 연간 순매출은 22억 달러에 도달하여 전년 대비 0.8% 증가했습니다. 회사의 운영 수익은 4억 3천만 달러로 19.3%의 마진을 기록했으며, 희석 주당 순이익은 $7.60이었습니다.
북미에서는 판매량이 미국 주택 착공을 약 600베이시스 포인트 초과 하였으며, 순매출은 1.1% 증가하여 $17억에 달했습니다. 유럽에서는 어려운 시장 상황 속에서 순매출이 0.4% 감소하여 $4억 7천 9백 10만에 이르렀습니다.
회사는 주당 $0.28의 분기 배당금을 선언하고 1억 달러 규모의 자사주 매입 프로그램을 완료했습니다. 2025년을 위해 심슨은 운영 마진이 18.5%에서 20.5% 사이가 될 것으로 예측하며, 자본 지출은 $1억 5천만에서 $1억 7천만으로 추정하고 있습니다.
Simpson Manufacturing (NYSE: SSD) a publié ses résultats financiers pour le quatrième trimestre et pour l'année complète 2024. Le chiffre d'affaires net annuel a atteint 2,2 milliards de dollars, affichant une modeste augmentation de 0,8 % par rapport à l'année précédente. Le bénéfice opérationnel de l'entreprise s'élevait à 430 millions de dollars avec une marge de 19,3 %, tandis que le bénéfice net par action diluée était de 7,60 $.
En Amérique du Nord, les volumes de ventes ont surpassé les mises en chantier résidentielles aux États-Unis d'environ 600 points de base, avec des ventes nettes en hausse de 1,1 % à 1,7 milliard de dollars. Les opérations en Europe ont enregistré une légère baisse de 0,4 % des ventes nettes, atteignant 479,1 millions de dollars dans un contexte de marché difficile.
L'entreprise a déclaré un dividende trimestriel de 0,28 $ par action et a complété un programme de rachat d'actions de 100 millions de dollars. Pour 2025, Simpson prévoit une marge opérationnelle comprise entre 18,5 % et 20,5 %, les dépenses d'investissement étant estimées entre 150 et 170 millions de dollars.
Simpson Manufacturing (NYSE: SSD) berichtete über seine finanziellen Ergebnisse für das vierte Quartal und das Gesamtjahr 2024. Der Nettoumsatz des Gesamtjahres erreichte 2,2 Milliarden Dollar, was einem bescheidenen Anstieg von 0,8% im Vergleich zum Vorjahr entspricht. Das operative Einkommen des Unternehmens betrug 430 Millionen Dollar bei einer Marge von 19,3%, während das Nettoergebnis pro verwässerter Aktie bei $7,60 lag.
In Nordamerika übertrafen die Verkaufszahlen die Baubeginne in den USA um etwa 600 Basispunkte, wobei der Nettoumsatz um 1,1% auf $1,7 Milliarden anstieg. Die europäischen Geschäfte erlebten einen leichten Rückgang von 0,4% beim Nettoumsatz auf $479,1 Millionen in einem herausfordernden Marktumfeld.
Das Unternehmen erklärte eine vierteljährliche Dividende von $0,28 pro Aktie und schloss ein Aktienrückkauffprogramm über $100 Millionen ab. Für 2025 prognostiziert Simpson eine operative Marge zwischen 18,5% und 20,5%, wobei die Investitionsausgaben auf $150-170 Millionen geschätzt werden.
- Net sales increased 0.8% to $2.2 billion in 2024
- North American volume growth exceeded U.S. housing starts by 600 basis points
- Q4 operating income increased 7.4% to $76.8 million
- Completed $100 million share repurchase program
- Strong cash position with $239.4 million in cash and cash equivalents
- Full-year operating income decreased 9.5% to $430.0 million
- Net income declined 9.0% to $322.2 million
- Gross profit margin decreased from 47.1% to 46.0%
- Operating expenses increased 4.7% to $590.5 million
- European segment operating income decreased 26.5% to $33.8 million
Insights
Simpson Manufacturing's FY2024 performance demonstrates remarkable operational execution in a challenging environment. The company achieved
Three critical developments warrant attention:
- Margin Dynamics: The operating margin compression to
19.3% from21.5% reflects ongoing input cost pressures. However, the company's ability to maintain a44% gross margin in Q4 suggests effective cost management and pricing strategies. - Capital Deployment: The balanced approach to shareholder returns continues with a
$0.28 quarterly dividend and completion of a$100 million share repurchase program. More significantly, the$150-170 million projected capital expenditure for 2025 signals confidence in long-term growth opportunities. - Strategic Positioning: The outperformance versus housing starts by 600 basis points in volume growth indicates market share gains and successful penetration of adjacent markets. The expansion in Columbus, Ohio and new Gallatin, Tennessee facilities represent strategic investments in capacity and efficiency.
The 2025 outlook, with operating margin guidance of
- Full year 2024 net sales of
$2.2 0.8% year-over-year - Full year 2024 income from operations of
$430.0 million 19.3% - Full year 2024 net income per diluted share of
$7.60 - Declared a
$0.28 - Providing full year 2025 outlook
Consolidated 2024 Highlights
Three Months Ended, | Quarter-Over- | Twelve Months Ended, | Year-Over- | |||||||||
December 31, | Quarter | December 31, | Year | |||||||||
2024 | 2023 | Change | 2024 | 2023 | Change | |||||||
(In thousands, except per share data and percentages) | (In thousands, except per share data and percentages) | |||||||||||
Net sales | $ 517,429 | $ 501,710 | 3.1 % | $ 2,232,139 | $ 2,213,803 | 0.8 % | ||||||
Gross profit | 227,703 | 220,498 | 3.3 % | 1,025,851 | 1,043,755 | (1.7) % | ||||||
Gross profit margin | 44.0 % | 43.9 % | 46.0 % | 47.1 % | ||||||||
Total operating expenses | 150,019 | 148,450 | 1.1 % | 590,510 | 564,250 | 4.7 % | ||||||
Income from operations | 76,849 | 71,555 | 7.4 % | 429,975 | 475,149 | (9.5) % | ||||||
Operating income margin | 14.9 % | 14.3 % | 19.3 % | 21.5 % | ||||||||
Net income | $ 55,458 | $ 54,803 | 1.2 % | $ 322,224 | $ 353,987 | (9.0) % | ||||||
Net income per diluted common share | $ 1.31 | $ 1.28 | 2.3 % | $ 7.60 | $ 8.26 | (8.0) % | ||||||
Adjusted EBITDA1 | $ 102,035 | $ 92,872 | 9.9 % | $ 520,082 | $ 554,245 | (6.2) % | ||||||
Trailing Twelve Months Ended | Year-Over- | |||||||||||
December 31, | Year | |||||||||||
2024 | 2023 | Change | ||||||||||
(In thousands, except percentages) | ||||||||||||
Total | 1,364 | 1,420 | (3.9) % | |||||||||
1 Adjusted EBITDA is a non-GAAP financial measure and it is defined in the Non-GAAP Financial Measures section of the press release. For a reconciliation of Adjusted EBITDA to | ||||||
2 Source: United States Census Bureau | ||||||
Management Commentary
"During 2024, we grew revenues modestly in a challenging year where housing starts in both the
Mr. Olosky continued, "In 2025 we believe a low single-digit recovery in
North America Segment Financial Highlights
2024 Fourth Quarter
- Net sales of
$404.8 million 4.4% from$387.8 million - Gross margin remained
47.0% as lower material costs were offset by higher factory and overhead as well as warehouse costs, as a percentage of net sales. - Income from operations of
$85.4 million 7.0% from$79.8 million
- Net sales of
2024 Full-Year
- Net sales of
$1.7 billion 1.1% from 2023 due to higher sales volumes. - Gross margin decreased to
49.0% from50.3% , primarily due to higher factory and overhead as well as warehouse costs, partly offset by lower material costs, as a percentage of net sales. - Income from operations of
$439.6 million 7.1% from$473.2 million
- Net sales of
Europe Segment Financial Highlights
2024 Fourth Quarter
- Net sales of
$108.1 million 1.5% from$109.7 million - Gross margin decreased to
32.3% from34.2% , primarily due to higher factory and overhead as well as warehouse and freight costs, partly offset by lower material costs, as a percentage of net sales. - Income from operations of
$0.8 million 75.2% from$3.1 million
- Net sales of
2024 Full-Year
- Net sales of
$479.1 million 0.4% from$480.8 million $3.7 million - Gross margin decreased to
35.3% from36.8% , primarily due to higher factory and overhead as well as warehouse and freight costs, partly offset by lower material costs, as a percentage of net sales. - Income from operations of
$33.8 million 26.5% from$46.0 million $5.0 million
- Net sales of
Refer to the "Segment and Product Group Information" table below for additional segment information (including information about the Company's
Corporate Developments
- The Company's Board of Directors (the "Board") declared a quarterly cash dividend of
$0.28 $11.7 million - During the fourth quarter, the Company repurchased 275,906 shares of the Company's common stock in the open market at an average price of
$181.22 $50.0 million $100.0 million $100.0 million - On October 28, 2024, the Company announced the appointment of Matt Dunn to Chief Financial Officer and Treasurer, effective January 1, 2025. Mr. Dunn served as Simpson's Senior Vice President of Finance since June 2024 and succeeded Brian Magstadt who will remain employed as an Executive Advisor to assist with an orderly transition until his retirement on June 30, 2025.
- The Board, upon recommendation of the Nominating and CSR Committee, announced the appointment of Angela Drake as an independent, non-employee director of the Company, effective January 1, 2025.
Balance Sheet & Cash Flow Highlights
- As of December 31, 2024, cash and cash equivalents totaled
$239.4 million $388.1 million $450.0 million - For the 2024 fourth quarter, cash provided by operating activities of
$117.7 million $28.8 million $339.8 million $427.0 million - For the 2024 fourth quarter, cash used in investing activities of
$59.6 million $36.7 million $26.8 million $261.8 million $103.3 million $94.2 million $55.6 million - For the 2024 fourth quarter, cash used in financing activities of
$142.7 million $140.9 million $253.8 million $199.0 million $50.0 million
Business Outlook
The Company is initiating its 2025 financial outlook to reflect its expectations regarding demand trends, cost of sales, and operating expenses. Based on business trends and conditions as of today, February 10, 2025, the Company's outlook for the full fiscal year ending December 31, 2025 is as follows:
- Given the uncertainty regarding 2025 U.S. housing starts compared to prior year housing starts, consolidated operating margin is estimated to be in the range of
18.5% to20.5% with the low end of the range based on flat to declining 2025 housing starts compared to prior year. The operating margin range includes a projected benefit on the sale of theGallatin property based on a contracted sales price of$19.1 million - The effective tax rate is estimated to be in the range of
25.5% to26.5% , including both federal and state income tax rates as well as international income tax rates, and assuming no tax law changes are enacted. - Capital expenditures are estimated to be in the range of
$150.0 million $170.0 million $75.0 million Columbus, Ohio facility expansion and the newGallatin, Tennessee fastener facility construction.
Conference Call Details
Investors, analysts and other interested parties are invited to join the Company's fourth quarter and full-year 2024 financial results conference call on Monday, February 10, 2025, at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). To participate, callers may dial (877) 407-0792 (
A copy of this earnings release will be available prior to the call, accessible through the Investor Relations section of the Company's website at www.simpsonmfg.com.
About Simpson Manufacturing Co., Inc.
Simpson Manufacturing Co., Inc., headquartered in
Copies of Simpson Manufacturing's Annual Report to Stockholders and its proxy statements and other SEC filings, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, are made available free of charge on the company's website on the same day they are filed with the SEC. To view these filings, visit the Investor Relations section of the Company's website.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally can be identified by words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "outlook," "target," "continue," "predict," "project," "change," "result," "future," "will," "could," "can," "may," "likely," "potentially," or similar expressions. Forward-looking statements are all statements other than those of historical fact and include, but are not limited to, statements about future financial and operating results, our plans, objectives, business outlook, priorities, expectations and intentions, expectations for sales and market growth, comparable sales, earnings and performance, stockholder value, effective tax rates, capital expenditures, cash flows, the housing market, the home improvement industry, demand for services, share repurchases, our strategic initiatives, including the impact of these initiatives on our strategic and operational plans and financial results, and any statement of an assumption underlying any of the foregoing.
Forward-looking statements are subject to inherent uncertainties, risks and other factors that are difficult to predict and could cause our actual results to vary in material respects from what we have expressed or implied by these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those expressed in or implied by our forward-looking statements include the effect of global pandemics such as the COVID-19 pandemic or other widespread public health crisis and their effects on the global economy, the effects of inflation and labor and supply shortages, on our operations, and the operations of our customers, and suppliers and business partners, as well as those discussed in the "Risk Factors" and " Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of our most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and other reports we file with the SEC.
We caution that you should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Readers are urged to carefully review and consider the various disclosures made in our reports filed with the SEC that advise of the risks and factors that may affect our business, results of operations and financial condition.
Non-GAAP Financial Measures
This press release includes certain financial information not prepared in accordance with Generally Accepted Accounting Principles in
The Company defines Adjusted EBITDA as net income (loss) before income taxes, adjusted to exclude depreciation and amortization, integration, acquisition and restructuring costs, non-qualified deferred compensation adjustments, goodwill impairment, gain on bargain purchase, net loss or gain on disposal of assets, interest income or expense, and foreign exchange and other expense (income).
Simpson Manufacturing Co., Inc. and Subsidiaries UNAUDITED Consolidated Statements of Operations (In thousands, except per share data) | |||||||
Three Months Ended | Twelve Months Ended | ||||||
2024 | 2023 | 2024 | 2023 | ||||
Net sales | $ 517,429 | $ 501,710 | $ 2,232,139 | $ 2,213,803 | |||
Cost of sales | 289,726 | 281,212 | 1,206,288 | 1,170,048 | |||
Gross profit | 227,703 | 220,498 | 1,025,851 | 1,043,755 | |||
Research and development and engineering expense | 25,273 | 25,131 | 93,576 | 92,167 | |||
Selling expense | 54,394 | 52,483 | 219,402 | 203,980 | |||
General and administrative expense | 70,352 | 70,836 | 277,532 | 268,103 | |||
Total operating expenses | 150,019 | 148,450 | 590,510 | 564,250 | |||
Acquisition and integration related costs | 821 | 546 | 5,813 | 4,632 | |||
Net (gain) loss on disposal of assets | 14 | (53) | (447) | (276) | |||
Income from operations | 76,849 | 71,555 | 429,975 | 475,149 | |||
Interest income and other finance costs, net | 1,166 | 3,373 | 5,277 | 3,391 | |||
Other & foreign exchange loss, net | (1,560) | (523) | (1,209) | (1,993) | |||
Income before taxes | 76,455 | 74,405 | 434,043 | 476,547 | |||
Provision for income taxes | 20,997 | 19,602 | 111,819 | 122,560 | |||
Net income | $ 55,458 | $ 54,803 | $ 322,224 | $ 353,987 | |||
Earnings per common share: | |||||||
Basic | $ 1.32 | $ 1.29 | $ 7.64 | $ 8.31 | |||
Diluted | $ 1.31 | $ 1.28 | $ 7.60 | $ 8.26 | |||
Weighted average shares outstanding: | |||||||
Basic | 41,980 | 42,440 | 42,182 | 42,598 | |||
Diluted | 42,174 | 42,668 | 42,383 | 42,837 | |||
Other data: | |||||||
Depreciation and amortization | $ 24,749 | $ 20,483 | $ 84,584 | $ 74,707 | |||
Pre-tax equity-based compensation expense | 3,257 | 6,070 | 18,346 | 23,859 | |||
Simpson Manufacturing Co., Inc. and Subsidiaries UNAUDITED Consolidated Condensed Balance Sheets (In thousands) | ||||
December 31, | ||||
2024 | 2023 | |||
Cash and cash equivalents | $ 239,371 | $ 429,822 | ||
Trade accounts receivable, net | 284,392 | 283,975 | ||
Inventories | 593,175 | 551,575 | ||
Other current assets | 60,214 | 47,069 | ||
Total current assets | 1,177,152 | 1,312,441 | ||
Property, plant and equipment, net | 531,302 | 418,612 | ||
Operating lease right-of-use assets | 93,933 | 68,792 | ||
Goodwill | 513,563 | 502,550 | ||
Intangible assets, net | 374,051 | 365,339 | ||
Other noncurrent assets | 47,349 | 36,990 | ||
Total assets | $ 2,737,350 | $ 2,704,724 | ||
Trade accounts payable | $ 100,972 | $ 107,524 | ||
Long-term debt, current portion | 22,500 | 22,500 | ||
Accrued liabilities and other current liabilities | 242,875 | 231,233 | ||
Total current liabilities | 366,347 | 361,257 | ||
Operating lease liabilities, net of current portion | 76,184 | 55,324 | ||
Long-term debt, net of current portion and issuance costs | 362,563 | 458,791 | ||
Deferred income tax | 90,303 | 98,170 | ||
Other long-term liabilities | 27,636 | 51,436 | ||
Non-qualified deferred compensation plan share awards | 5,932 | — | ||
Stockholders' equity | 1,808,385 | 1,679,746 | ||
Total liabilities and stockholders' equity | $ 2,737,350 | $ 2,704,724 | ||
Simpson Manufacturing Co., Inc. and Subsidiaries UNAUDITED Segment and Product Group Information (In thousands) | |||||||||||||
Three Months Ended | Twelve Months Ended | ||||||||||||
December 31, | % | December 31, | % | ||||||||||
2024 | 2023 | change* | 2024 | 2023 | change* | ||||||||
Net Sales by Reporting Segment | |||||||||||||
$ 404,752 | $ 387,805 | 4.4 % | 1.1 % | ||||||||||
Percentage of total net sales | 78.2 % | 77.3 % | 77.8 % | 77.5 % | |||||||||
108,071 | 109,682 | (1.5) % | 479,055 | 480,756 | (0.4) % | ||||||||
Percentage of total net sales | 20.9 % | 21.9 % | 21.4 % | 21.7 % | |||||||||
4,606 | 4,223 | 9.1 % | 17,205 | 16,625 | 3.5 % | ||||||||
Percentage of total net sales | 0.9 % | 0.8 % | 0.8 % | 0.8 % | |||||||||
Total | $ 517,429 | $ 501,710 | 3.1 % | 0.8 % | |||||||||
Net Sales by Product Group** | |||||||||||||
Wood Construction | $ 438,112 | $ 422,834 | 3.6 % | 0.4 % | |||||||||
Percentage of total net sales | 84.7 % | 84.3 % | 85.1 % | 85.4 % | |||||||||
Concrete Construction | 78,665 | 78,370 | 0.4 % | 330,557 | 320,500 | 3.1 % | |||||||
Percentage of total net sales | 15.2 % | 15.6 % | 14.8 % | 14.5 % | |||||||||
Other | 652 | 506 | N/M | 2,058 | 1,854 | N/M | |||||||
Total | $ 517,429 | $ 501,710 | 3.1 % | 0.8 % | |||||||||
Gross Profit (Loss) by Reporting Segment | |||||||||||||
$ 190,217 | $ 182,339 | 4.3 % | $ 850,504 | $ 862,557 | (1.4) % | ||||||||
47.0 % | 47.0 % | 49.0 % | 50.3 % | ||||||||||
34,893 | 37,511 | (7.0) % | 168,982 | 177,048 | (4.6) % | ||||||||
32.3 % | 34.2 % | 35.3 % | 36.8 % | ||||||||||
2,017 | 1,164 | N/M | 5,798 | 5,679 | N/M | ||||||||
Administrative and all other | 576 | (516) | N/M | 567 | (1,529) | N/M | |||||||
Total | $ 227,703 | $ 220,498 | 3.3 % | (1.7) % | |||||||||
Income (Loss) from Operations | |||||||||||||
$ 85,354 | $ 79,773 | 7.0 % | $ 439,567 | $ 473,229 | (7.1) % | ||||||||
21.1 % | 20.6 % | 25.3 % | 27.6 % | ||||||||||
769 | 3,103 | (75) % | 33,806 | 45,998 | (26.5) % | ||||||||
0.7 % | 2.8 % | 7.1 % | 9.6 % | ||||||||||
323 | (183) | N/M | (294) | 535 | N/M | ||||||||
Administrative and all other | (9,597) | (11,138) | N/M | (43,104) | (44,613) | N/M | |||||||
Total | $ 76,849 | $ 71,555 | 7.4 % | $ 429,975 | $ 475,149 | (9.5) % | |||||||
* | Unfavorable percentage changes are presented in parentheses. |
** | The Company manages its business by geographic segment but is presenting sales by product group as additional information. |
N/M | Statistic is not material or not meaningful. |
Reconciliation of Non-GAAP Financial Measures (In thousands) (Unaudited) A reconciliation of Adjusted EBITDA to net income, the most directly comparable GAAP measure, is set forth below. | |||||||
Three Months Ended December 31, | Twelve Months Ended December 31, | ||||||
2024 | 2023 | 2024 | 2023 | ||||
Net Income | $ 55,458 | $ 54,803 | $ 322,224 | $ 353,987 | |||
Provision for income taxes | 20,997 | 19,602 | 111,819 | 122,560 | |||
Interest income, net and other financing costs | (1,166) | (3,373) | (5,277) | (3,391) | |||
Depreciation and amortization | 24,749 | 20,483 | 84,584 | 74,707 | |||
Other* | 1,997 | 1,357 | 6,732 | 6,382 | |||
Adjusted EBITDA | $ 102,035 | $ 92,872 | $ 520,082 | $ 554,245 | |||
*Other: Includes acquisition, integration, and restructuring related expenses, non-qualified deferred compensation adjustments, other & foreign exchange loss net, and net loss or gain on disposal of assets. |
CONTACT:
Addo Investor Relations
investor.relations@strongtie.com
(310) 829-5400
View original content to download multimedia:https://www.prnewswire.com/news-releases/simpson-manufacturing-co-inc-announces-2024-fourth-quarter-and-full-year-financial-results-302372756.html
SOURCE Simpson Manufacturing Co., Inc.
FAQ
What were Simpson Manufacturing's (SSD) full-year 2024 financial results?
How did SSD's North American segment perform in 2024?
What is Simpson Manufacturing's (SSD) dividend payment for Q4 2024?
What is SSD's operating margin guidance for 2025?
How much did Simpson Manufacturing (SSD) spend on share repurchases in Q4 2024?
