earnings
confidence high
sentiment negative
materiality 0.65
Simpson Manufacturing Q2 net sales flat at $597M; EPS down 8.7% to $2.31; cuts operating margin guidance to 20-21%
Simpson Manufacturing Co., Inc.
2024-Q2 EPS reported
$4.07
revenue$1,127,557,000
- Net sales $597.0M (flat YoY); net income $97.8M, diluted EPS $2.31 vs $2.50.
- Operating margin 22.1% vs 24.3% prior year; FY2024 outlook lowered to 20.0-21.0%.
- North America sales $463.0M (-0.5%); Europe $129.9M (+1.6%), driven by volumes.
- Repurchased $50M of stock in Q2 at avg $176.51/sh; $50M remaining on authorization.
- Completed acquisition of CSD, Inc. (software, terms undisclosed); capex outlook $180-190M.