Simpson Manufacturing Q3 net sales $580.1M (+4.8%), EPS $2.43 (+18%); guides FY23 op margin 22-22.5%

Simpson Manufacturing Co., Inc.

2023-Q3 EPS reported $6.98 revenue$1,712,093,000

Net sales $580.1M, +4.8% YoY; diluted EPS $2.43 vs $2.06, +18%.
North America sales $456.8M +4.4%; Europe $119.0M +6.4%. Gross margin 48.8% vs 44.2%.
Declared $0.27/div payable Jan 25, 2024; record Jan 4, 2024.
FY2023 operating margin guidance updated to 22.0%-22.5%; capex ~$100M.
Cybersecurity incident in Oct caused ~3 days downtime; shipments resumed within week.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Simpson Manufacturing Co., Inc. reported third quarter of 2023 results: revenue $580.1 million, net income $104.0 million, EPS $2.43 per diluted share. Guidance reaffirmed.

Period: third quarter of 2023
Revenue: $580.1 million
Net income: $104.0 million
EPS: $2.43 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

--- Press Release dated October 23, 2023 SIMPSON MANUFACTURING CO., INC. ANNOUNCES 2023 THIRD QUARTER FINANCIAL RESULTS Pleasanton, CA – October 23, 2023 l Net sales of $580.1 million increased 4.8% year-over-year l Income from operations of $140.2 million increased 14.2% year-over-year l Diluted earnings per share of $2.43 increased 18.0% year-over-year l

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Source: SEC EDGAR

accession 0000920371-23-000176

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