secwatch.observer — SEC 8-K summary
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Issuer:     Simpson Manufacturing Co., Inc. (SSD)
CIK:        0000920371
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0000920371-24-000154
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Simpson Manufacturing Q2 net sales flat at $597M; EPS down 8.7% to $2.31; cuts operating margin guidance to 20-21%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920371/000092037124000154/0000920371-24-000154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920371/000092037124000154/ssd-20240722.htm
  HTML page:      https://secwatch.observer/filing/0000920371-24-000154

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