secwatch.observer — SEC 8-K summary
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Issuer:     Simpson Manufacturing Co., Inc. (SSD)
CIK:        0000920371
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0000920371-23-000086
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920371/000092037123000086/0000920371-23-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920371/000092037123000086/ssd-20230424.htm
  HTML page:      https://secwatch.observer/filing/0000920371-23-000086

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