Simpson Q4 2019 Earnings Report
Key Takeaways
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.
Net sales increased by 8.5% year-over-year, reaching $262.5 million.
Net income per diluted common share increased by 125.0% year-over-year, amounting to $0.63.
Gross profit margin increased to 41.9% from 40.6%.
Total operating expenses as a percentage of net sales improved by 100 basis points year-over-year.
Simpson
Simpson
Simpson Revenue by Segment
Simpson Revenue by Geographic Location
Forward Guidance
The Company's outlook for the full fiscal year ending December 31, 2020, includes a gross margin estimated to be in the range of approximately 43.5% to 44.5% and an effective tax rate is estimated to be in the range of approximately 25.0% to 26.0%, including both federal and state income tax rates.
Positive Outlook
- Gross margin is estimated to be in the range of approximately 43.5% to 44.5%.
- The effective tax rate is estimated to be in the range of approximately 25.0% to 26.0%, including both federal and state income tax rates.
Revenue & Expenses
Visualization of income flow from segment revenue to net income