Simpson Manufacturing ( (SSD) ) has released its Q1 earnings. Here is a breakdown of the information Simpson Manufacturing presented to its investors.
Simpson Manufacturing Co., Inc., headquartered in Pleasanton, California, is a leading manufacturer of wood and concrete construction products, serving both residential and commercial markets in North America and Europe. The company is known for its engineered structural connectors and building solutions.
In its first quarter of 2025, Simpson Manufacturing reported a slight increase in net sales to $538.9 million, marking a 1.6% rise year-over-year. The company also achieved an operating income of $102.3 million, translating to an operating income margin of 19.0%, and a net income per diluted share of $1.85. Additionally, the company repurchased $25.0 million in common stock.
Key financial highlights include a 3.1% increase in gross profit to $252.0 million and a 6.5% rise in income from operations. The North American segment saw a 3.4% increase in net sales, while the European segment experienced a 5.1% decline, primarily due to foreign currency impacts. The company also implemented price increases to counter rising costs and tariffs.
Looking ahead, Simpson Manufacturing reaffirms its 2025 guidance, projecting an operating margin between 18.5% and 20.5%, despite uncertainties in U.S. housing starts. The company remains confident in its ability to capitalize on future growth opportunities, supported by strategic investments and cost management initiatives.