Simpson Manufacturing Q2 EPS $2.50 (+15.7% YoY); revenue up 0.7% to $597.6M

Simpson Manufacturing Co., Inc.

2023-Q2 EPS reported $4.55 revenue$1,132,010,000

Diluted EPS $2.50 vs $2.16 prior year, up 15.7%.
Revenue $597.6M (+0.7%) led by North America +2.0%; Europe -4.1%.
Operating margin expanded to 24.3% from 22.4%; gross margin 48.1% vs 43.7%.
Updated FY2023 operating margin guidance 20.5%-21.5%; capEx $105-115M.
Cash from operations $194M, up ~$100M YoY on working capital improvement.

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 0.95

Simpson Manufacturing Co., Inc. reported the second quarter of 2023 results: revenue $597.6 million, net income $107.2 million, EPS $2.50 per diluted share.

Period: the second quarter of 2023
Revenue: $597.6 million
Net income: $107.2 million
EPS: $2.50 per diluted share
Result: reported results

Exact text from the filing

(EX-99.1) --- Press Release dated July 24, 2023 SIMPSON MANUFACTURING CO., INC. ANNOUNCES 2023 SECOND QUARTER FINANCIAL RESULTS Pleasanton, CA – July 24, 2023 l Net sales of $597.6 million increased 0.7% year-over-year l Income from operations of $145.0 million increased 9.0% year-over-year l Diluted earnings per share of $2.50 increased 15.7% year-over-year

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Source: SEC EDGAR

accession 0000920371-23-000147

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