Simpson(SSD)

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Simpson Manufacturing Co., Inc. to Announce Second Quarter 2025 Financial Results on Monday, July 28th
Prnewswire· 2025-07-14 13:00
PLEASANTON, Calif., July 14, 2025 /PRNewswire/ -- Simpson Manufacturing Co., Inc. (the "Company") (NYSE: SSD), an industry leader in engineered structural connectors and building solutions, announced today that it will report its financial results for the second quarter ended June 30, 2025, on Monday, July 28, 2025, at 4:15 p.m. Eastern Time. Michael Olosky, Simpson's President and Chief Executive Officer, and Matt Dunn, Chief Financial Officer and Treasurer, will host a conference call that same day at 5:0 ...
Dextall Closed $15M Series A as Leading Developers Back AI-Powered Prefab To Tackle Housing Crisis
GlobeNewswire News Room· 2025-07-11 13:25
Core Insights - Dextall has successfully closed a $15 million Series A funding round to expand its AI-powered prefabrication platform across the U.S. [1] - The funding round was led by significant industry players, including L+M and Essence, which are focused on affordable housing projects, and Simpson Strong-Tie, which enhances Dextall's supply chain capabilities [1][10] - Dextall's technology addresses the urgent need for affordable housing, particularly in urban areas with high demand and low vacancy rates [3][4] Company Overview - Dextall's platform integrates Dextall Studio software, which can convert designs into detailed architectural drawings in under a week, significantly faster than the traditional 36-month process [2] - The company has established a project backlog worth $110 million and secured $50 million in new contracts in 2024, indicating strong market demand and adoption [6] - Dextall's construction model reduces design-to-install timelines by up to 80%, onsite labor by up to 87%, and operational energy costs by 20%, making it a viable solution for the affordable housing crisis [4] Industry Context - The affordable housing crisis is highlighted by the fact that over 6 million people have applied for only 10,000 affordable units in New York City, with vacancy rates at a record low of 1.4% and average rents exceeding $3,500 per month [3] - Dextall's approach aligns with sustainability goals, including compliance with Local Law 11 and reducing landfill waste through a system designed for dismantling buildings into components [5] - Collaborations with industry leaders such as SOM, SLCE Architects, Turner Construction, and Suffolk Construction demonstrate the growing acceptance of off-site fabrication in meeting high design and performance standards [7]
Simpson Manufacturing (SSD) Earnings Call Presentation
2025-06-25 09:10
STRONG FOUNDATION. STRONGER FUTURE. Simpson Manufacturing Co., Inc. Investor Presentation March 2024 Safe Harbor This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally can be identified by words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "outlook, ...
Simpson Manufacturing (SSD) 2024 Earnings Call Presentation
2025-06-25 09:08
STRONG FOUNDATION. STRONGER FUTURE. Simpson Manufacturing Co., Inc. Investor Presentation November 2024 Safe Harbor This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally can be identified by words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "outlo ...
Simpson Manufacturing Co., Inc. Publishes Fiscal 2024 Corporate Social Responsibility Report
Prnewswire· 2025-06-16 20:15
Core Insights - Simpson Manufacturing Co., Inc. published its Fiscal 2024 Corporate Social Responsibility Report, highlighting its commitment to social responsibility and environmentally sustainable practices [1] Group 1: Corporate Social Responsibility Initiatives - The report includes updated ESG-related metrics for the year ended December 31, 2024 [1] - The company became a national sponsor of ACE Mentor, a nonprofit focused on introducing young people to construction trades [3] - The company extended its three-year partnership with Building Talent Foundation through 2025 [3] - Donations exceeding $125,000 were made to Habitat for Humanity International [3] - The number of scholarships increased from 100 to 120 annually, with the scholarship amount raised from $2,500 to $3,000 per awardee [3] - Employee donations totaled $202,953, with the company matching this to result in $405,906 donated to eligible nonprofit organizations, marking a 141% increase compared to the prior year [3] Group 2: Employee Engagement and Performance - The company partnered with Gallup to conduct its 2024 annual Global Employee Engagement Survey [3] - The Total Recordable Incident Rate (TRIR) was reduced to 0.99, exceeding its 2025 goal ahead of schedule [3] - The company won several innovation awards in 2024 [3] - There is a commitment to continuously improve energy, water, and waste performance [3]
Simpson Manufacturing (SSD) 2025 Conference Transcript
2025-06-11 20:15
Summary of Simpson Manufacturing (SSD) 2025 Conference Call Company Overview - **Company**: Simpson Manufacturing (SSD) - **Industry**: Building construction and structural solutions - **Core Products**: Structural connectors, fasteners, anchors, and related components for residential and commercial construction [3][4][5] Key Market Segments - **End Markets**: - Residential construction - Commercial construction (e.g., hotels, restaurants) - OEMs (e.g., sheds, trailers) - National retail - Component manufacturing (trusses and related software) [3][4][6] Business Model and Competitive Advantage - **Innovation Leader**: Over 500 patents and strong relationships with code officials [5][6] - **Customer Service Focus**: 700+ field sales representatives and quick product delivery [6][7] - **Market Share**: Contracts with 26 of the top 30 builders in the U.S. [6][7] - **Volume Performance**: Averaged 300 basis points ahead of U.S. housing starts over the last decade, with recent performance at 600-700 basis points ahead [8][9][75] Macro Economic Insights - **Housing Starts**: Initial expectations for low single-digit growth in housing starts were adjusted to flat to up [15][16] - **Interest Rates**: Desire for lower interest rates to stimulate housing market [17] - **Tariffs and Affordability**: Concerns about tariffs and their impact on housing affordability [17][35] Product Categories and Innovations - **Wood Connectors**: Essential for modern home designs with larger openings, focusing on safety and resilience [22][23] - **Fasteners**: Premium products with a total addressable market of $5 billion; Simpson's fastener business is valued at $500 million [27][28] - **New Facilities**: Expansion in Ohio and Tennessee to enhance production capacity and efficiency [29][30][32] Financial Performance and Goals - **Operating Income Target**: Aim to operate at or above 20% operating income [77] - **Earnings Growth**: Target to grow earnings per share faster than revenue growth [77] - **Capital Allocation**: Focus on organic growth, share repurchase, and maintaining low leverage [78][80] Market Position and Future Outlook - **Unique Business Model**: Strong relationships across the construction supply chain, recognized brand in the industry [82][83] - **Housing Shortage**: Anticipation of a market rebound due to a shortage of housing units [84] - **Repair and Remodel Market**: Expected to perform slightly better than new home starts in the short term [66] Digital Initiatives - **Software Tools**: Development of customer portals and design software to enhance customer experience and efficiency [54][56][58] Off-Site Construction - **Role in Off-Site Construction**: Involvement in truss manufacturing and partnerships to improve efficiency in home building [60][62] Conclusion - **Long-Term Growth**: Commitment to outperforming the market and maintaining strong margins despite economic challenges [84]
Silicon Motion Showcases Next Generation PCIe Gen5 SSD Controller and USB4 Portable SSD Controller at Computex 2025
Prnewswire· 2025-05-15 13:00
Core Insights - Silicon Motion Technology Corporation announced the launch of two new SSD controllers at COMPUTEX 2025, emphasizing its leadership in energy-efficient and high-performance SSD solutions for various applications [1][5]. Product Highlights - The SM2504XT is an ultra-low power PCIe Gen5 DRAM-less controller that delivers up to 11.5 GB/s sequential read and 11.0 GB/s write speeds, achieving an 11% improvement in performance per watt compared to the previous generation [2][3]. - The SM2324 is the first single-chip portable SSD controller with native USB4 support and built-in Power Delivery, offering sequential read/write speeds of up to 4,000MB/s and supporting storage capacities of up to 32TB [4]. Market Positioning - Silicon Motion's products are designed for AI PCs, gaming systems, and portable devices, targeting the growing demand for cost-effective and energy-efficient SSD solutions [3][5]. - The company also plans to showcase a wide range of controller solutions for markets including automotive, AI smartphones, datacenter/enterprise SSDs, and high-performance display interfaces at COMPUTEX 2025 [5]. Company Overview - Silicon Motion is recognized as the global leader in supplying NAND flash controllers for solid-state storage devices, serving a diverse customer base that includes major NAND flash vendors and leading OEMs [6].
Simpson(SSD) - 2025 Q1 - Quarterly Report
2025-05-08 21:32
Washington, D.C. 20549 FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-13429 Simpson Manufacturing Co., Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of inc ...
Simpson Manufacturing: Valuation Looks Fair, Not Compelling
Seeking Alpha· 2025-04-29 16:06
Simpson Manufacturing Co., Inc. (NYSE: SSD ) has been around since the mid-20th century, strategically becoming a backbone of the construction business. Its bread and butter are the connectors, fasteners, and anchors that make upI focus on producing objective, data-driven research, mostly about small- to mid-cap companies, as these tend to be overlooked by many investors. From time to time, though, I also look at large-cap names, just to give a fuller sense of the broader equity markets.Analyst’s Disclosure ...
Simpson(SSD) - 2025 Q1 - Earnings Call Transcript
2025-04-29 01:45
Financial Data and Key Metrics Changes - The company's net sales for Q1 2025 were $538.9 million, reflecting a modest growth of 1.6% year over year in a challenging macroeconomic environment [6][19] - Consolidated gross profit increased by 3.1% to $252 million, resulting in a gross margin of 46.8%, up from 46.1% in the prior year [11][20] - Adjusted EBITDA for the first quarter was $121.8 million, an increase of 3.8% year over year, resulting in a margin of 22.6% [14][26] Business Line Data and Key Metrics Changes - North American net sales totaled $420.7 million, up 3.4% from $406.7 million last year, with a contribution of approximately $9 million from acquisitions [6][19] - In the outdoor living category, there was low double-digit growth compared to the prior year, attributed to an expanded product offering and targeted marketing efforts [9] - OEM delivered high single-digit volume growth year over year, with strong sales in mass timber and off-site construction solutions [10] Market Data and Key Metrics Changes - European net sales decreased by 5.1% to $113.9 million, primarily due to unfavorable foreign currency translation effects [10][20] - The company reported that its European business continued to outperform local markets, supported by new applications and customer wins [11] Company Strategy and Development Direction - The company aims to maintain an operating income margin at or above 20% while driving EPS growth ahead of net revenue growth [14][16] - Strategic growth plans include expanding warehouse and manufacturing capacity, with significant investments in facilities in Columbus, Ohio, and Gallatin, Tennessee [28][30] - The company is committed to returning at least 35% of free cash flow to shareholders, reinforcing a balanced approach to capital allocation [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the mid to long-term housing outlook, despite current macroeconomic uncertainties [18] - The outlook for U.S. housing starts is expected to remain flat to up in the low single-digit range from 2024 levels, with growth weighted towards the second half of the year [15][30] - Management noted that customer and employee engagement remains strong, reflecting the success of their strategy to inspire employees and serve customers [17] Other Important Information - The company implemented price increases averaging 8% on certain products to offset rising costs due to tariffs and inflation [12][13] - The effective tax rate for the first quarter was 25.5%, slightly above the prior year period [25] Q&A Session Summary Question: Impact of tariffs and consumer confidence on housing starts outlook - Management indicated that while there is mixed visibility, they expect the first half to be softer than the second half, with hopes for increased interest rate cuts to stimulate the market [35][36] Question: Feedback on price increases amid macro uncertainty - Management noted that they are working hard to communicate the value of their products and have been thoughtful in implementing price increases, not passing through the full tariff impact [40][41][43] Question: Capital allocation priorities and share repurchase strategy - Management confirmed they were active in share repurchases and plan to continue returning capital to shareholders while remaining cautious about significant opportunistic repurchases [46][47] Question: Annualized tariff impact and pricing strategy - Management clarified that the tariff impact is relatively small, and the recent price increase is aimed at managing overall cost increases [51][52][55] Question: Seasonal progression of volumes and demand outlook - Management observed that while Q1 volumes were slightly down year over year, they expect a consistent pickup in demand moving forward [63][65]