Simpson Manufacturing rises on Q1 results beat

Simpson Manufacturing

25/04/2023 13:42

** Shares in manufacturer of wood construction products
Simpson Manufacturing Co Inc  SSD.N  rise 1.8% to $115.0 in
premarket trading
    ** Co posts Q1 rev of $534.4 mln, an 8.3% increase
year-over-year; beats analysts' estimate of $483.6 mln -
Refinitiv IBES Data
    ** Reported EPS for Q1 was $2.05, above market view of $1.40
    ** "We continue to believe our North America net sales will
be pressured by softer housing market in 2023" - Co
    ** Up to last close, stock had risen 27.4% YTD 

 (Reporting by Khushi Singh)
 ((Khushi.Singh@thomsonreuters.com;))