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Simpson Manufacturing Co Inc (SSD)
NYSE:SSD
Holding SSD?
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Earnings Data
Report Date
Feb 10, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.28Last Year’s EPS
1.28Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2018
|% Change Since: -9.17%
|Next Earnings Date:Jul 30, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging environment with modest growth in net sales and significant market share gains in the U.S. and Europe. However, there are notable challenges, including declining margins, impacts from natural disasters, and market pressures in Europe. The strategic acquisitions and long-term growth plans provide optimism, but the immediate financial results indicate a need for cautious cost management.Company Guidance
During the Simpson Manufacturing Company's third quarter 2024 earnings call, the executives provided guidance that included various financial metrics and strategic insights. The company reported net sales of $587.2 million, with North American sales contributing $461.4 million and European sales at $121.2 million. Despite macroeconomic challenges, the company outperformed the U.S. housing market, with North American volume growth exceeding housing starts by approximately 500 basis points. However, consolidated gross margin declined to 46.8% from 48.8% in the previous year, and operating margin decreased by approximately 290 basis points to 21.3%. Adjusted EBITDA for the quarter was $148.3 million, a 6.6% decrease year-over-year. Looking forward, the company expects U.S. housing starts to decline in the low single-digit range in 2024 and grow similarly in 2025, while European housing starts are anticipated to decline in the high single digits in 2024, with growth projected to rebound in 2026. The company also highlighted a strategic focus on operational efficiency and cost control to maintain a minimum operating margin of 20%, amidst a challenging market environment. Simpson Manufacturing plans to continue its investment in growth initiatives, such as the expansion of its Columbus, Ohio facility, and the new Gallatin, Tennessee fastener facility, with capital expenditures estimated between $175 million and $185 million for the year.Increased Net Sales
Third quarter net sales totaled $587.2 million, showing a modest increase compared to the prior year despite pressures in U.S. and European housing markets.
Outperformance in U.S. Housing Market
North American volume growth exceeded U.S. housing starts by approximately 500 basis points over the trailing twelve months.
New Business Wins and Market Share Gains
Significant market share gains in the OEM market with mid-teens volume growth year-over-year and new customer wins in Europe.
Strategic Acquisitions
Acquired Monet DeSauw and QuickFrames USA to expand product offerings and market reach.
30th Anniversary as a Public Company
Celebrated 30 years as a publicly traded company with significant growth from $150 million to over $2 billion in annual sales.
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SSD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SSD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 21, 2024 | $185.84 | $175.68 | -5.47% |
| Jul 22, 2024 | $180.09 | $178.57 | -0.84% |
| Apr 22, 2024 | $184.22 | $168.41 | -8.58% |
| Feb 05, 2024 | $182.61 | $179.57 | -1.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Simpson Manufacturing Co Inc (SSD) report earnings?
Simpson Manufacturing Co Inc (SSD) is schdueled to report earning on Feb 10, 2025, TBA Not Confirmed.
What is Simpson Manufacturing Co Inc (SSD) earnings time?
Simpson Manufacturing Co Inc (SSD) earnings time is at Feb 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SSD EPS forecast?
SSD EPS forecast for the fiscal quarter 2024 (Q4) is 1.28.
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