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Simpson Manufacturing Co. (SSD) Stock News, Oct 2020-Apr 2021

SSD NYSE

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.

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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.

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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.

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Simpson Manufacturing Co., Inc. (NYSE: SSD) will announce its fourth quarter and full year 2020 financial results on February 8, 2021, at 4:15 p.m. ET. A conference call hosted by President and CEO Karen Colonias and CFO Brian Magstadt will follow at 5:00 p.m. ET. Interested parties can access the call via the Investor Relations section of their website. A replay will be available after the live broadcast until February 22, 2021. Simpson Manufacturing specializes in engineered structural connectors and building solutions.

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Simpson Manufacturing Co. (NYSE: SSD) announced its participation in the CJS 21st Annual New Ideas for the New Year Conference on January 13, 2021. CEO Karen Colonias and CFO Brian Magstadt will present virtually at 11:00 a.m. ET and engage in investor meetings throughout the day. The presentation will be accessible via a live webcast on the company's website, with a replay available for 90 days afterwards. Simpson is a leading manufacturer of wood and concrete construction products, headquartered in Pleasanton, California.

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Simpson Manufacturing Co. (NYSE: SSD) will participate virtually in R.W. Baird's 2020 Global Industrial Conference on November 10, 2020, at 11:25 a.m. ET. CEO Karen Colonias and CFO Brian Magstadt will present and engage in investor meetings. The presentation will be accessible via live webcast on the company's website, with a replay available for 90 days post-event. Simpson is recognized for its engineered structural connectors and construction solutions.

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Simpson Manufacturing Co. reported a 17.5% increase in net sales for Q3 2020, totaling $364.3 million, driven by strong performance in North America and a rebound in housing activity. Gross margin rose to 47.6%, with income from operations soaring 49.8% year-over-year to $91.3 million. Diluted EPS increased by 58.8% to $1.54. The company updated its 2020 guidance, projecting net sales growth of 9.0% to 10.0%. A quarterly cash dividend of $0.23 per share was also declared.

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Simpson Manufacturing Co. (NYSE: SSD) has appointed Michael Olosky as the new Chief Operating Officer, effective November 30, 2020. Olosky, who succeeds former COO Ricardo Arevalo, brings over 22 years of leadership experience from Henkel, where he was the Regional President for North America. He will oversee global sales and operations, reporting directly to President and CEO Karen Colonias. Colonias expressed confidence in Olosky's ability to drive innovation and growth for Simpson, highlighting his alignment with the company’s mission to provide strong building solutions.

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Simpson Manufacturing Co. (NYSE: SSD) will announce its third-quarter financial results on October 26, 2020, at 4:15 p.m. ET. The results will be discussed in a conference call hosted by President Karen Colonias and CFO Brian Magstadt at 5:00 p.m. ET. Interested parties can access the call via webcast on the company’s investor relations website. A replay will be available until November 9, 2020. Simpson Manufacturing, a leader in engineered structural connectors and building solutions, designs and manufactures wood and concrete construction products.

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FAQ

What is the current stock price of Simpson Manufacturing (SSD)?

Simpson Manufacturing (SSD) last closed at $200.54.

What is the market cap of Simpson Manufacturing (SSD)?

The market cap of Simpson Manufacturing (SSD) is approximately $8.2B.