Welcome to our dedicated page for Simpson Manuf news (Ticker: SSD), a resource for investors and traders seeking the latest updates and insights on Simpson Manuf stock.
News and press releases for Simpson Manufacturing Co., Inc. (NYSE: SSD) focus on its role as an industry leader in engineered structural connectors and building solutions for wood and concrete construction. Headquartered in Pleasanton, California, the company, through subsidiaries such as Simpson Strong‑Tie Company Inc., designs, engineers and manufactures wood construction products including connectors, truss plates, fastening systems, fasteners and shear walls, as well as concrete construction products such as adhesives, specialty chemicals, mechanical anchors, powder‑actuated tools and reinforcing fiber materials.
The SSD news feed features quarterly financial results, where Simpson Manufacturing reports net sales, gross profit, income from operations and margins, along with management commentary on business conditions and housing markets. These releases often include details on share repurchase authorizations, dividend declarations and strategic cost savings initiatives, providing insight into the company’s capital allocation and operating priorities.
Investors and analysts can also find announcements about conference participation and investor presentations, as Simpson Manufacturing regularly communicates its story at industrials and materials conferences and other investor events. Additional news items highlight corporate social responsibility efforts, including the publication of its Fiscal 2024 Corporate Social Responsibility Report and initiatives related to social responsibility and environmentally sustainable business practices.
This SSD news page brings together these company-issued updates so readers can follow developments in Simpson Manufacturing’s construction products business, its financial reporting cycle, capital structure decisions and ESG‑related disclosures over time.
On April 7, 2022, Simpson Manufacturing Co. (NYSE:SSD) announced the successful acquisition of ETANCO Group for €725 million (approx. $800 million). ETANCO, known for its fastening solutions in the European construction market, reported net sales of €258 million and an operating income margin of 19.7% for the year ending September 30, 2021. Simpson aims to enhance its product portfolio and expand its footprint in Europe, as highlighted by CEO Karen Colonias and ETANCO President Ronan Lebraut. Financial advisors included EC Mergers & Acquisitions and KPMG LLP, with Wells Fargo and MUFG providing debt financing.
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Simpson Manufacturing Co. (SSD) reported a 42.4% year-over-year increase in fourth quarter net sales to $418.6 million, with net income per diluted share rising 136.8% to $1.61. For the full year, net sales reached $1.57 billion, up 24.1%, and net income increased 43.3% to $6.12 per share. The company announced an $818 million acquisition of Etanco Group, enhancing its European market presence. Despite higher material costs, operating margins improved to 23.2%.
A quarterly cash dividend of $0.25 was also declared.
Simpson Manufacturing Co., Inc. (NYSE: SSD) will report its financial results for Q4 and full year 2021 on February 7, 2022, at 4:15 p.m. ET. CEO Karen Colonias and CFO Brian Magstadt will host a conference call at 5:00 p.m. ET, which can be accessed via the company's Investor Relations website. A replay will be available until February 21, 2022. Simpson is a leader in engineered structural connectors and building solutions, headquartered in Pleasanton, California.
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.