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SSD Simpson Manufacturing Co News Story

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Consumer CyclicalsBalancedLarge CapHigh Flyer

Simpson Manufacturing beats Q3 sales estimates

Overview

Simpson Manufacturing Q3 net sales rose 6.2%, beating analyst expectations

Net income per diluted share increased 16.7% year-over-year

Company increased 2025 share repurchase authorization to $120 mln

Outlook

Simpson Manufacturing expects 2025 operating margin between 19.0% and 20.0%

Company estimates 2025 effective tax rate between 25.5% and 26.5%

Capital expenditures for 2025 estimated at $150.0 mln to $160.0 mln

Result Drivers

PRICING AND FX - Pricing actions and foreign exchange benefits contributed to 6.2% net sales growth, despite housing market challenges

NORTH AMERICA SALES - North America sales increased 4.8% due to price hikes and acquisitions, partially offset by lower volumes

COST SAVINGS INITIATIVES - Strategic cost savings initiatives expected to generate $30 mln in annualized savings

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 SalesBeat$623.51 mln$604.85 mln (3 Analysts)
Q3 EPS$2.58
Q3 Net Income$107.44 mln
Press Release: ID:nPn5jRrtDa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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