Loading...
•
Dec 31, 2024
Simpson Q4 2024 Earnings Report
Key Takeaways
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
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
Simpson Manufacturing expects a low single-digit recovery in U.S. housing starts in 2025 and stable European demand. The company aims to maintain above-market revenue growth and restore its operating margin to 20%.
Positive Outlook
- Projected slight recovery in U.S. housing starts.
- Continued focus on volume growth exceeding market trends.
- Commitment to maintaining strong operating margins.
- Expansion plans for Columbus, Ohio and Gallatin, Tennessee facilities.
- Steady cash position to support growth initiatives.
Challenges Ahead
- Uncertainty around 2025 housing market conditions.
- Significant input cost increases impacting margins.
- European sales expected to remain flat.
- Higher operating expenses due to personnel costs.
- Increased capital expenditures reducing free cash flow.
Revenue & Expenses
Visualization of income flow from segment revenue to net income