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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 (NYSE: SSD) reported its Q4 and full-year 2024 financial results. Full-year net sales reached $2.2 billion, showing a modest 0.8% increase year-over-year. The company's operating income was $430.0 million with a margin of 19.3%, while net income per diluted share was $7.60.
In North America, sales volumes outperformed U.S. housing starts by approximately 600 basis points, with net sales increasing 1.1% to $1.7 billion. European operations saw a slight 0.4% decrease in net sales to $479.1 million amid challenging market conditions.
The company declared a quarterly dividend of $0.28 per share and completed a $100 million share repurchase program. For 2025, Simpson projects an operating margin between 18.5% and 20.5%, with capital expenditures estimated at $150-170 million.
Simpson Manufacturing (NYSE: SSD), a leader in engineered structural connectors and building solutions, has announced its Board of Directors' declaration of a quarterly dividend of $0.28 per share on the company's common stock. The dividend will be paid on April 24, 2025, to shareholders of record as of April 3, 2025.
Simpson Manufacturing Co. (NYSE: SSD), a leader in engineered structural connectors and building solutions, has scheduled its fourth quarter and full year 2024 financial results announcement for Monday, February 10, 2025, at 4:15 p.m. Eastern Time.
President and CEO Michael Olosky and CFO Matt Dunn will host a conference call at 5:00 p.m. Eastern Time. The call will be accessible via webcast on the company's Investor Relations website and through dial-in numbers for U.S., Canada, and international participants.
A replay will be available until February 24, 2025, through both dial-in access and the company's website for 90 days.
Simpson Manufacturing (NYSE: SSD), a leader in engineered structural connectors and building solutions, announced its participation in the CJS Securities 25th Annual New Ideas for the New Year Conference. CEO Mike Olosky and CFO Matt Dunn will represent the company at the virtual event on January 14, 2025.
The presentation is scheduled for 11:45 a.m. ET, and the executives will engage in virtual meetings with investors throughout the day. The event will be webcast live on the company's Investor Relations website at ir.simpsonmfg.com, with a replay available for 90 days after the event.
Simpson Manufacturing Co. (NYSE: SSD) has appointed Angela Drake as an independent director, effective January 1, 2025. Drake will serve on the company's Audit and Finance and Compensation and Leadership Development Committees. She brings nearly 30 years of financial and business management experience, currently serving as Chief Financial Officer at The Toro Company (NYSE: TTC) since March 2023.
Drake's extensive background includes leadership positions at The Toro Company between 2019-2023, including Vice President of Finance, Vice President of Construction, and Senior Managing Director, Integration Co-Lead. She previously served as CFO at Charles Machine Works before its acquisition by Toro. Drake is a Certified Public Accountant with a BS in Accounting from the University of Central Oklahoma and serves on the board of First Bank & Trust Company.
Simpson Manufacturing (NYSE: SSD) announced its participation in the Baird 2024 Global Industrial Conference on November 14, 2024, at The Ritz-Carlton in Chicago. The company's executives, including President and CEO Mike Olosky, CFO Brian Magstadt, and SVP of Finance Matt Dunn, will present at 10:15 a.m. CT and meet with investors throughout the day. The presentation will be webcast live on the company's Investor Relations website, with a replay available for 90 days after the event.
Simpson Manufacturing (NYSE: SSD) has appointed Matt Dunn as Chief Financial Officer and Treasurer, effective January 1, 2025. Dunn, currently serving as Senior Vice President of Finance since June 2024, will succeed Brian Magstadt, who will remain as Executive Advisor until his retirement on June 30, 2025. Dunn brings over 23 years of financial management experience, previously serving as Senior VP of Finance at Helen of Troy and holding leadership positions at Inventure Group, Procter & Gamble, and Kimberly-Clark. In his new role, Dunn will oversee financial operations, risk management, capital allocation, and M&A activities.
Simpson Manufacturing (NYSE: SSD) announced that its Board of Directors has declared a quarterly dividend of $0.28 per share on the company's common stock. The dividend will be paid on January 23, 2025, to stockholders of record as of January 2, 2025. Simpson Manufacturing is an industry leader in engineered structural connectors and building solutions.
Simpson Manufacturing Co. (NYSE: SSD) reported its Q3 2024 financial results, showing a 1.2% increase in net sales to $587.2 million. However, the company experienced a decline in profitability, with income from operations decreasing by 11.0% to $124.9 million and net income per diluted share falling 9.1% to $2.21. The company's gross profit margin decreased to 46.8% from 48.8% in the previous year.
Despite challenges in the housing markets, Simpson's North America segment saw a 1.0% increase in net sales, while the Europe segment reported a 1.8% rise. The company completed two acquisitions during the quarter: Monet DeSauw Inc. and QuickFrames USA. Simpson has revised its full-year 2024 outlook based on reduced housing start expectations, projecting an operating margin range of 19.0% to 19.5%.
Simpson Manufacturing Co., Inc. (NYSE: SSD) has announced it will report its financial results for the third quarter ended September 30, 2024, on Monday, October 21, 2024, at 4:15 p.m. Eastern Time. A conference call will follow at 5:00 p.m. Eastern Time, hosted by Michael Olosky, President and CEO, and Brian Magstadt, CFO and Treasurer.
The call will be broadcast live over the Internet on the company's Investor Relations website. For those unable to participate live, a replay will be available until November 4, 2024. The company, an industry leader in engineered structural connectors and building solutions, will discuss its Q3 2024 financial performance during the call.