Simpson Manuf Stock Price, News & Analysis

Simpson Manufacturing Co. has promoted Mike Olosky to President and COO, while Karen Colonias remains as CEO. Olosky, who joined the company in 2020 as COO, will continue to lead market initiatives and expand the product portfolio. Colonias praised his leadership and experience, stating it is crucial for shaping growth strategies. Olosky comes with a robust background, including executive roles at Henkel and management experience in Asia and Europe. Simpson Manufacturing is known for its engineered structural connectors and trades under the symbol SSD.

Simpson Manufacturing Co. (NYSE: SSD) declared a quarterly dividend of 25 cents per share on January 20, 2022. This dividend is payable on April 28, 2022, to shareholders on record as of April 7, 2022. The company is a leader in engineered structural connectors and building solutions, with a focus on wood and concrete construction products.

Simpson Manufacturing Co. (NYSE: SSD) has submitted a binding offer to acquire Etanco Group for €725 million (approximately $818 million). This acquisition aims to bolster Simpson's market position and expand its portfolio in Europe, particularly in commercial building markets. Etanco, a leader in building product solutions, reported net sales of approximately €258 million and an operating margin of 19.7% as of September 30, 2021. The deal is expected to close in early 2022 and should be accretive to earnings within the first full fiscal year post-acquisition.

Simpson Manufacturing Co. (NYSE: SSD) announced its participation in the Baird 2021 Global Industrial Conference on November 10, 2021. CEO Karen Colonias and senior management will present at 2:00 p.m. ET and engage in virtual investor meetings throughout the day. The presentation will be live-streamed on the Company's website, with a replay available for 90 days post-event. Simpson manufactures construction products, including structural connectors and adhesives, under its subsidiary, Simpson Strong-Tie.

Simpson Manufacturing Co. (NYSE: SSD) reported third-quarter 2021 net sales of $396.7 million, up 8.9% year-over-year. Gross margin improved to 49.9%, from 47.6% in the prior year. Income from operations rose 10.2% to $100.6 million, with an operating margin of 25.4%. Diluted EPS increased 10.4% to $1.70. The company repurchased $24.1 million of stock and declared a $0.25 per share dividend. Despite strong results, the CEO noted lower sales volumes and challenging macroeconomic conditions affecting the building industry.

Simpson Manufacturing Co. (NYSE: SSD) will announce its third quarter 2021 financial results on October 25, 2021, at 4:15 p.m. Eastern Time. The earnings call will be hosted by CEO Karen Colonias and CFO Brian Magstadt at 5:00 p.m. Eastern Time, accessible via a live webcast. A replay will be available until November 8, 2021. The company specializes in engineered structural connectors and building solutions, designed to enhance construction efficiency and safety.

Simpson Manufacturing Co. (NYSE: SSD) announced its participation in two virtual investor conferences. The D.A. Davidson 20th Annual Virtual Diversified Industrials and Services Conference is on September 22, 2021, where the Company will present at 11:00 a.m. ET. The Sidoti & Company Fall Virtual Smallcap Investor Conference follows on September 23, 2021, with a presentation at 1:00 p.m. ET. Both presentations will be accessible via live webcast on the Company's website and available for replay for 90 days.

Simpson Manufacturing Co. (NYSE: SSD) announced that CFO Brian Magstadt will participate in the Jefferies Virtual Industrials Conference on August 3, 2021. He is scheduled to present at 2:30 p.m. ET and hold meetings with investors.

The presentation will be available via live webcast on the company's website, with a replay option for 90 days following the event.

Simpson Manufacturing specializes in engineered structural connectors and building solutions, focusing on both wood and concrete construction products.

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.