Simpson Manufacturing Q1 revenue up 8.3% to $534.4M; diluted EPS down 6% to $2.05

Simpson Manufacturing Co., Inc.

2023-Q1 EPS reported $2.05 revenue$534,430,000

Net sales $534.4M (+8.3% YoY); North America -7.4% to $406.3M, Europe +141.4% to $124.2M (ETANCO contributed $80.0M).
Diluted EPS $2.05 (-6.0% from $2.18); operating income $118.4M (-4.9% from $124.4M).
Operating margin 22.1% (down from 25.2%); gross margin 47.3% (down from 48.0%).
Updated FY2023 outlook: operating margin 19%-21%; capex $90-95M; effective tax rate 25-26%.
Cash from operations dropped to $3.1M from $44.7M due to working capital increases.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Simpson Manufacturing Co., Inc. reported the quarter ended March 31, 2023 results: revenue $534.4 million, net income $88.0 million, EPS $2.05 per diluted share.

Period: the quarter ended March 31, 2023
Revenue: $534.4 million
Net income: $88.0 million
EPS: $2.05 per diluted share
Result: reported results

Exact text from the filing

(EX-99.1) --- Press Release dated April 24, 2023 SIMPSON MANUFACTURING CO., INC. ANNOUNCES 2023 FIRST QUARTER FINANCIAL RESULTS Pleasanton, CA – April 24, 2023 l Net sales of $534.4 million increased 8.3% year-over-year l Income from operations of $118.4 million decreased 4.9% year-over-year l Diluted earnings per share of $2.05 decreased 6.0% year-over-year Simpson

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Source: SEC EDGAR

accession 0000920371-23-000086

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