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Jun 30, 2021
Simpson Q2 2021 Earnings Report
Reported a strong increase in net sales and gross margin due to product price increases and sales volume.
Key Takeaways
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.
Net sales increased by 25.8% year-over-year to $410.3 million.
Gross margin improved to 47.9% from 45.9% in the prior year period.
Income from operations increased by 40.9% year-over-year to $101.7 million, with an operating margin of 24.8%.
Diluted earnings per share increased by 36.1% year-over-year to $1.66.
Simpson
Simpson
Simpson Revenue by Segment
Simpson Revenue by Geographic Location
Revenue by Segment
North America Revenue
CapyFin.comEurope Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comEurope Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
The company updated its full year outlook, primarily reflecting actual results of the second quarter, as well as improved visibility on the pandemic-related restrictions and the impact of those restrictions on the company’s operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income