earnings
confidence high
sentiment neutral
materiality 0.75
Simpson Manufacturing Q4 net sales $501.7M (+5.5%); FY EPS $8.26; guides FY24 op margin 20-21.5%
Simpson Manufacturing Co., Inc.
2023-FY EPS reported
$8.26
revenue$2,213,803,000
- Q4 net sales $501.7M (+5.5% YoY); operating income $71.6M (-9.1%); diluted EPS $1.28 vs $1.35.
- FY 2023 net sales $2.2B (+4.6%); net income $354M or $8.26 diluted EPS (+6.5% YoY).
- FY 2023 operating margin 21.5%; FY2024 guidance 20.0%–21.5% operating margin.
- Declared $0.27 quarterly dividend payable Apr 25, 2024; new $100M share repurchase authorization for 2024.
- FY2024 capex guidance ~$200M including Columbus expansion and Gallatin fastener facility.