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Sep 30, 2021
Simpson Q3 2021 Earnings Report
Reported an increase in net sales and income from operations compared to the prior year period.
Key Takeaways
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.
Net sales increased by 8.9% year-over-year, reaching $396.7 million.
Gross margin improved to 49.9% from 47.6% in the prior year period.
Income from operations increased by 10.2% year-over-year, totaling $100.6 million.
Earnings per diluted share increased by 10.4% year-over-year, reaching $1.70.
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 is updating certain elements of its outlook, primarily reflecting actual results of the third quarter as well as the Company's latest views on demand trends, raw material input costs and operating expenses. The Company's outlook for the full fiscal year ending December 31, 2021 is as follows:
Positive Outlook
- Operating margin is estimated to be in the range of 20.0% to 22.0%.
- The effective tax rate is estimated to be in the range of 25.0% to 26.0%, including both federal and state income tax rates.
- Capital expenditures are estimated to be in the range of $55 million to $60 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income