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Simpson Manufacturing Co., Inc. makes engineered structural connectors and building solutions through subsidiaries including Simpson Strong-Tie. Its product categories include wood construction connectors, truss plates, fastening systems, fasteners and shear walls, as well as concrete construction adhesives, specialty chemicals, mechanical anchors, powder actuated tools and reinforcing fiber materials.
Recurring SSD news covers quarterly and annual financial results, guidance, North America segment performance, housing and construction market conditions, dividends, share repurchases and investor conference participation. Company updates also emphasize demand across residential and commercial markets in North America and Europe.
Simpson Manufacturing Co. reported quarterly net sales of $410.3 million, a 25.8% increase year-over-year. Gross margin improved to 47.9% from 45.9%, with quarterly income from operations rising 40.9% to $101.7 million. Diluted earnings per share reached $1.66, up 36.1% year-over-year. The company declared a quarterly cash dividend of $0.25 per share. Additionally, management updated their full-year guidance, estimating an operating margin of 19.5% to 21.0% for 2021.
On July 14, 2021, Simpson Manufacturing Co. (NYSE: SSD) declared a quarterly dividend of 25 cents per share, payable on October 28, 2021. This dividend rewards stockholders of record as of October 7, 2021. As an industry leader in engineered structural connectors and building solutions, Simpson continues to demonstrate its commitment to returning value to shareholders through consistent dividends.
Simpson Manufacturing Co., Inc. (NYSE: SSD) will report its financial results for the second quarter ending June 30, 2021, on July 26, 2021, at 4:15 p.m. Eastern Time. The company will host a conference call at 5:00 p.m. Eastern Time, available via webcast on its Investor Relations website. A replay will be accessible starting the same day at 8:00 p.m. Eastern Time until August 9, 2021. Simpson, headquartered in Pleasanton, California, is a leader in engineered structural connectors and building solutions.
Simpson Manufacturing Co. (NYSE: SSD) announced the appointment of Kenneth Knight as a non-employee director, effective June 21, 2021. Knight will also serve on the Audit and Finance Committee. His extensive background includes roles at Invitae Corporation, Amazon.com, and General Motors. Chairman James Andrasick emphasized Knight's expertise in manufacturing, mergers, and growth strategies, which will aid Simpson's five-year growth ambitions. The company specializes in engineered structural connectors and building solutions.
Simpson Manufacturing Co., Inc. (NYSE: SSD) announces that CEO Karen Colonias and CFO Brian Magstadt will participate virtually in the UBS Global Industrials and Transportation Conference on June 8, 2021, at 1:00 p.m. ET. The event will feature a live presentation and subsequent meetings with investors, accessible via the Company's Investor Relations website. Known for its engineered structural connectors and building solutions, Simpson Manufacturing also produces a range of wood and concrete construction products. A replay of the event will be available online for 90 days.
Simpson Manufacturing Co. (NYSE: SSD) reported strong first quarter 2021 results with net sales of $347.6 million, up 22.6% year-over-year.
Gross margin rose to 46.7% from 45.7%, with income from operations increasing 38.6% to $68.4 million. Diluted earnings per share were $1.16, reflecting a 39.8% increase. North America led sales growth, attributed to a resurgence in home center activity and new housing starts.
The company updated its full-year 2021 outlook, projecting operating margins between 19.5% and 22.0%.
Simpson Manufacturing Co. (NYSE: SSD) will report its Q1 2021 financial results on April 26, 2021, at 4:15 p.m. ET. President Karen Colonias and CFO Brian Magstadt will host a conference call at 5:00 p.m. ET, accessible via their Investor Relations website. The call will also be available for replay until May 10, 2021. Simpson is a leading manufacturer of building solutions, specializing in wood and concrete construction products.
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Simpson Manufacturing Co. (NYSE: SSD) will host a Virtual Analyst and Investor Day on March 23, 2021, from 1:00 PM to 3:00 PM Eastern Time. The event will feature presentations from the management team covering the Company’s operations and strategy, followed by a live Q&A session. Participants can access the event via a live audio webcast on the Company's website, starting at 1:00 PM. A replay will be available for 180 days post-event.
Simpson Manufacturing specializes in engineered structural connectors and building solutions.
Simpson Manufacturing Co. (NYSE: SSD) reported a robust fourth quarter with net sales of $293.9 million, up 12.0% year-over-year. Net income rose to $29.6 million, or $0.68 per diluted share, reflecting a 7.9% increase. For 2020, net sales reached $1.27 billion, a 11.6% annual rise, with net income of $187.0 million or $4.27 per share, marking a significant 43.3% increase. A quarterly dividend of $0.23 per share was declared. The company repurchased shares totaling $76.2 million in 2020.