Simpson Manufacturing Co. Celebrates 30 Years as a Public Company with Ringing of the Closing Bell at the NYSE on September 6th

Simpson Manufacturing Co. (NYSE: SSD) is set to celebrate its 30th anniversary as a publicly traded company by ringing the closing bell at the New York Stock Exchange on September 6, 2024.

Rhea-AI Summary

Simpson Manufacturing Co. (NYSE: SSD) is set to celebrate its 30th anniversary as a publicly traded company by ringing the closing bell at the New York Stock Exchange on September 6, 2024. CEO Mike Olosky will lead the ceremony, which will be live-streamed at 3:55 p.m. ET on NYSE.com/bell.

Since its IPO in 1994, Simpson has grown from $150 million in annual sales to over $2 billion, becoming a world leader in engineered structural connectors and building solutions. The company's stock has shown impressive performance, with shares closing at $183.06 on August 30, 2024, up from the split-adjusted IPO price of $2.875. This growth, combined with quarterly dividends, has resulted in a total compound annual growth rate of approximately 14.7%.

Argus Session date unavailable

-0.21% session move Open Argus

Details

News Market Reaction – SSD

The recorded move for SSD in the trading session of this news was -0.21%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

PLEASANTON, Calif. , Sept. 3, 2024 /PRNewswire/ -- Simpson Manufacturing Co., Inc. (the "Company") (NYSE: SSD), an industry leader in engineered structural connectors and building solutions, today announced that Mike Olosky, President and Chief Executive Officer, will ring the closing bell at the New York Stock Exchange (NYSE) on Friday, September 6, 2024, in celebration of the Company's 30^th anniversary as a publicly listed company. Simpson senior leadership team members and their guests will participate in the ceremony. Live coverage of the event will begin on Friday, September 6, 2024, at 3:55 p.m. ET. To watch the bell ringing, please visit https://www.NYSE.com/bell.

Mike Olosky, Simpson's President and Chief Executive Officer, said, "I am incredibly proud of all that Simpson has accomplished in our 30 years as a publicly traded company. As we commemorate this milestone, I want to express my gratitude to all of our team members for their dedication to our customers and to furthering our mission of helping people design and build safer, stronger structures. I'd like to further thank our valued customers, suppliers and stockholders for their contributions to our success over the years. As we look ahead, we are committed to accelerating traction on our key growth initiatives to drive enhanced shareholder value and continued market outperformance."

Since its debut at $11.50 per share ($2.875 split-adjusted) at its initial public offering (IPO) on May 25, 1994, the Company has evolved from approximately $150 million in annual sales to a world-leader in structural solutions eclipsing $2 billion in annual sales. Thirty years and two stock splits later, shares of Simpson closed at $183.06 on August 30, 2024, which, together with quarterly dividends, has resulted in a total compound annual growth rate of approximately 14.7%.

About Simpson Manufacturing Co., Inc.
Simpson Manufacturing Co., Inc., headquartered in Pleasanton, California, through its subsidiaries, including Simpson Strong-Tie Company Inc., designs, engineers and is a leading manufacturer of wood construction products, including connectors, truss plates, fastening systems, fasteners and shear walls, and concrete construction products, including adhesives, specialty chemicals, mechanical anchors, powder actuated tools and reinforcing fiber materials. The Company primarily supplies its building product solutions to both the residential and commercial markets in North America and Europe. The Company's common stock trades on the New York Stock Exchange under the symbol "SSD."

CONTACT:
Addo Investor Relations
investor.relations@strongtie.com
(310) 829-5400

View original content to download multimedia:https://www.prnewswire.com/news-releases/simpson-manufacturing-co-celebrates-30-years-as-a-public-company-with-ringing-of-the-closing-bell-at-the-nyse-on-september-6th-302237160.html

SOURCE Simpson Manufacturing Co., Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When is Simpson Manufacturing Co. (SSD) ringing the NYSE closing bell?

Simpson Manufacturing Co. (SSD) is ringing the NYSE closing bell on September 6, 2024, to celebrate its 30th anniversary as a publicly traded company.

What was Simpson Manufacturing's (SSD) initial public offering price in 1994?

Simpson Manufacturing's (SSD) initial public offering price was $11.50 per share, or $2.875 split-adjusted, on May 25, 1994.

How much has Simpson Manufacturing's (SSD) annual sales grown since its IPO?

Simpson Manufacturing's (SSD) annual sales have grown from approximately $150 million at the time of its IPO to over $2 billion currently.

What is the compound annual growth rate of Simpson Manufacturing (SSD) stock since its IPO?

Simpson Manufacturing (SSD) stock has achieved a total compound annual growth rate of approximately 14.7% since its IPO, including stock price appreciation and quarterly dividends.

Who will ring the closing bell for Simpson Manufacturing (SSD) at the NYSE?

Mike Olosky, President and Chief Executive Officer of Simpson Manufacturing (SSD), will ring the closing bell at the NYSE on September 6, 2024.