Simpson Earnings Reports

Simpson Manufacturing Co., Inc. reported a modest increase in revenue for Q4 2024 despite a challenging housing market. Net sales grew by 3.1% to $517.43 million, while net income reached $55.46 million, up 1.2% year-over-year. Operating income rose by 7.4%, driven by higher gross profit, though partially offset by increased expenses.

Simpson Manufacturing Co., Inc. reported a modest increase in net sales for Q3 2024, despite pressures in the housing markets of the U.S. and Europe. While sales in North America were relatively flat, Europe saw a modest increase due to new customer wins and product applications. However, overall profitability remained below expectations, prompting the company to adjust costs to align with market conditions.

Simpson Manufacturing Co. Inc. announced its Q2 2024 financial results, with net sales of $597.0 million, a slight decrease of 0.1% compared to the same quarter last year. Income from operations was $132.2 million, resulting in an operating income margin of 22.1%. Net income was $97.8 million, or $2.31 per diluted share, a decrease of 8.7% compared to the prior year. The company repurchased $50.0 million of common stock during the quarter.

Simpson Manufacturing Co., Inc. announced its Q1 2024 financial results, with net sales of $530.6 million, a slight decrease of 0.7% compared to the previous year. Income from operations decreased by 18.8% to $96.1 million, and net income per diluted share decreased to $1.77.

Simpson Manufacturing Co. reported a 5.5% increase in net sales for Q4 2023, reaching $501.7 million. However, income from operations decreased by 9.1% to $71.6 million due to higher operating expenses. The company's full-year net sales reached $2.2 billion, a 4.6% increase year-over-year.

Simpson Manufacturing Co. reported a 4.8% increase in net sales and a 14.2% increase in income from operations for the third quarter of 2023. The company's performance was driven by higher volumes in North America and improved gross margins.

Simpson Manufacturing Co. reported a 0.7% increase in net sales to $597.6 million in Q2 2023. Income from operations increased by 9.0% to $145.0 million, and diluted earnings per share rose by 15.7% to $2.50. The company's performance was driven by improved volumes in North America and a focus on innovation and growth initiatives.

Simpson Manufacturing Co., Inc. reported an 8.3% increase in net sales, reaching $534.4 million, driven by the acquisition of ETANCO. However, income from operations decreased by 4.9% to $118.4 million, and diluted earnings per share decreased by 6.0% to $2.05.

Simpson Manufacturing Co. Inc. reported Q4 2022 financial results, featuring a 13.6% increase in net sales to $475.6 million compared to the previous year. The growth was primarily driven by product price increases and the acquisition of ETANCO. Net income decreased to $57.6 million, or $1.35 per diluted share, compared to $69.8 million, or $1.61 per diluted share, in the same quarter of the previous year.

Simpson Manufacturing Co. announced strong Q3 2022 financial results with a 39.6% increase in net sales year-over-year, reaching $553.7 million. Income from operations increased by 22.1% to $122.8 million, and diluted earnings per share rose by 20.8% to $2.06.

Simpson Manufacturing Co. announced strong Q2 2022 results, with net sales increasing by 44.6% to $593.2 million and diluted earnings per share rising by 30.1% to $2.16. The acquisition of ETANCO contributed significantly to the sales growth, and the company is progressing with integration efforts. The company has updated its 2022 financial outlook to include the acquisition of ETANCO.

Simpson Manufacturing Co. reported a significant increase in net sales, gross profit, and income from operations in Q1 2022. Net sales increased by 42.0% year-over-year, driven by product price increases. The acquisition of the ETANCO Group was completed on April 1, 2022, further supporting growth initiatives.

Simpson Manufacturing Co., Inc. reported a strong fourth quarter in 2021, with net sales increasing by 42.4% to $418.6 million and net income per diluted share rising by 136.8% to $1.61. The company's performance was driven by effective price management and increased sales volumes, particularly in North America. Additionally, Simpson announced an agreement to acquire Etanco Group, signaling a strategic move to expand its European presence.

Simpson Manufacturing Co. announced strong Q3 2021 financial results, with net sales reaching $396.7 million, an 8.9% increase year-over-year. Income from operations rose to $100.6 million, contributing to diluted earnings per share of $1.70. The company experienced lighter sales volumes in North America due to customer inventory adjustments amidst challenging labor and supply chain conditions.

Simpson Manufacturing Co. announced strong Q2 2021 financial results, with net sales of $410.3 million, a 25.8% increase year-over-year. Gross margin increased to 47.9%, and income from operations rose by 40.9% to $101.7 million. Earnings per diluted share were $1.66, a 36.1% increase year-over-year.

Simpson Manufacturing Co., Inc. reported a strong first quarter in 2021, with net sales increasing by 22.6% year-over-year to $347.6 million. The company's gross margin improved to 46.7%, and diluted earnings per share increased by 39.8% to $1.16. The positive results were attributed to higher sales volumes, particularly in the home center distribution channel, and strong demand trends in Europe.

Simpson Manufacturing Co., Inc. reported a 12.0% increase in net sales to $293.9 million for the fourth quarter of 2020, driven by higher sales volumes in North America and Europe. Net income per diluted share increased by 7.9% year-over-year to $0.68. The company's full-year net sales reached a record $1.27 billion, with earnings per diluted share up 43.3% to $4.27.

Simpson Manufacturing Co. announced strong Q3 2020 results, with net sales increasing by 17.5% year-over-year to $364.3 million. The company's gross margin improved to 47.6%, and income from operations increased by 49.8% to $91.3 million. Diluted earnings per share rose to $1.54, a 58.8% increase year-over-year.

Simpson Manufacturing Co. Inc. announced strong second-quarter results with a 7.0% increase in net sales to $326.1 million and diluted earnings per share of $1.22, a 38.6% increase year-over-year. The company's performance was driven by higher sales volumes, particularly in North America, and improved gross margins.

Simpson Manufacturing reported a strong first quarter with a 9.4% increase in net sales to $283.7 million and a significant improvement in gross margin to 45.7%. Operating profit rose by 64.4% to $49.4 million, and diluted earnings per share increased by 66.0% to $0.83. However, due to the uncertainty surrounding COVID-19, the company withdrew its previously issued annual 2020 outlook and financial targets.

Simpson Manufacturing Co., Inc. reported an 8.5% increase in fourth-quarter net sales, reaching $262.5 million, and a 125.0% increase in net income per diluted common share, which amounted to $0.63. The company's focus on cost structure rationalization led to a 100 basis point improvement in total operating expenses as a percentage of net sales.