Simpson Mfg Q3 net sales up 39.6% to $553.7M; EPS $2.06 vs $1.70; CEO succession

Simpson Manufacturing Co., Inc.

2022-Q3 EPS reported $6.40 revenue$1,640,464,000

Net sales $553.7M (+39.6% YoY); diluted EPS $2.06 (+20.8% YoY).
North America net sales $437.8M (+29.3%); Europe net sales $111.9M (+104.1%, incl. ETANCO).
Gross margin 44.2% vs 49.9% YoY; operating margin 22.2% vs 25.4%.
CEO Karen Colonias steps down Dec 31, 2022; Michael Olosky named successor effective Jan 1, 2023.
Repurchased $28.3M shares; declared $0.26 dividend payable Jan 26, 2023.

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