Core Insights - Simpson Manufacturing reported a strong fourth quarter, exceeding analyst expectations for both earnings and revenue [2][6] - The company achieved earnings per share (EPS) of $1.31, surpassing the expected $1.27, and total revenue of $517.4 million, exceeding the estimated $495 million [2][3] - The growth was supported by strategic acquisitions and volume growth in key markets, despite challenges in housing starts [6][7] Financial Performance - EPS for Q4 2024 was $1.31, a 2.3% increase from $1.28 in Q4 2023 [3] - Total revenue reached $517.4 million, reflecting a 3.1% increase from $501.7 million in the previous year [3][6] - Operating margin improved slightly to 14.9% from 14.3% year-over-year [3] - Adjusted EBITDA rose to $102.0 million, a 9.9% increase from $92.9 million in Q4 2023 [3] Business Overview - Simpson Manufacturing specializes in wood and concrete construction products, serving housing, commercial, and industrial markets [4] - The company focuses on innovation and expanding its product portfolio, including the development of digital tools [4] - Recent strategic acquisitions, such as Etancol, aim to enhance operations in Europe and support market expansion [5][7] Operational Highlights - North American sales increased by 4.4%, contributing to revenue growth despite a decline in operating income due to higher expenses [6] - The company faced challenges with increased overhead and warehouse costs, leading to a decrease in gross margin to 46% [8] - Simpson's strong brand recognition and customer loyalty continue to support its market position [8] Future Outlook - Management anticipates modest growth in U.S. housing starts into 2025, with operating income margins projected between 18.5% and 20.5% [9] - The company plans to pursue further acquisitions and improve efficiencies in product offerings [9] - There is a strategic focus on international expansion opportunities, particularly in Europe and Asia [10]

Financial Performance - Fourth quarter 2024 net sales were $517.4 million, a 3.1% increase from $501.7 million in Q4 2023[3] - Full year 2024 net sales reached $2.2 billion, reflecting a 0.8% year-over-year increase[3] - Gross profit for Q4 2024 was $227.7 million, up 3.3% from $220.5 million in Q4 2023, with a gross profit margin of 44.0%[3] - Full year 2024 income from operations was $430.0 million, resulting in an operating income margin of 19.3%[3] - Full year 2024 net income per diluted share was $7.60, down 8.0% from $8.26 in 2023[3] - Adjusted EBITDA for Q4 2024 was $102,035,000, compared to $92,872,000 in Q4 2023, reflecting a significant improvement[32] - The company reported a net income of $55,458,000 for Q4 2024, slightly up from $54,803,000 in Q4 2023[22] Shareholder Returns - The company declared a quarterly cash dividend of $0.28 per share, totaling $11.7 million[12] - The company repurchased 275,906 shares for $50.0 million during Q4 2024, completing a $100.0 million share repurchase program[12] Future Outlook - The 2025 outlook estimates consolidated operating margin to be in the range of 18.5% to 20.5%[12] - Capital expenditures for 2025 are estimated between $150.0 million and $170.0 million, including $75.0 million for facility expansions[12] - The company anticipates a low single-digit recovery in U.S. housing starts in 2025, with European housing starts expected to remain consistent with 2024 levels[4] Regional Performance - North America accounted for 78.2% of total net sales in Q4 2024, with sales of $404,752,000, up 4.4% from $387,805,000 in Q4 2023[27] - The gross profit margin for North America remained stable at 47.0% for Q4 2024[27] Research and Development - Research and development expenses for the twelve months ended December 31, 2024, totaled $93,576,000, an increase from $92,167,000 in 2023[22] Assets and Debt - The company’s total assets as of December 31, 2024, were $2,737,350,000, compared to $2,704,724,000 in 2023[24] - The company’s long-term debt, net of current portion, decreased to $362,563,000 from $458,791,000 in 2023[24] Strategic Focus - The company plans to continue focusing on market expansion and product development to drive future growth[19]

Core Points - Simpson Manufacturing Co., Inc. will report its financial results for Q4 and full year 2024 on February 10, 2025, at 4:15 p.m. Eastern Time [1] - The conference call will be hosted by Michael Olosky, President and CEO, and Matt Dunn, CFO and Treasurer, at 5:00 p.m. Eastern Time on the same day [1] - The call will be available for live streaming on the Company's Investor Relations website [1] Conference Call Details - Date of the conference call is set for February 10, 2025 [2] - The call will take place at 5:00 p.m. Eastern Time, with dial-in numbers provided for U.S., Canada, and international participants [2] - A replay of the call will be available from 8:00 p.m. Eastern Time on the same day until February 24, 2025 [2] Company Overview - Simpson Manufacturing Co., Inc. is headquartered in Pleasanton, California, and is a leading manufacturer of wood and concrete construction products [3] - The Company supplies building product solutions primarily to residential and commercial markets in North America and Europe [3] - The common stock of the Company trades on the New York Stock Exchange under the symbol "SSD" [3]

Core Viewpoint - Simpson Manufacturing Co., Inc. will participate in the CJS Securities 25th Annual New Ideas for the New Year Conference on January 14, 2025, with a virtual presentation scheduled at 11:45 a.m. ET [1] Group 1: Company Overview - Simpson Manufacturing Co., Inc. is headquartered in Pleasanton, California, and is a leading manufacturer of wood and concrete construction products [2] - The company designs and engineers a variety of products including connectors, truss plates, fastening systems, and adhesives, primarily serving residential and commercial markets in North America and Europe [2] - The company's common stock is traded on the New York Stock Exchange under the symbol "SSD" [2] Group 2: Event Details - The presentation at the conference will be webcast live and available for replay on the company's website for 90 days following the event [1]

Board Appointment - Simpson Manufacturing Co Inc appointed Angela Drake as an independent director effective January 1 2025 [1] - Angela Drake was also appointed to serve on the Audit and Finance and Compensation and Leadership Development Committees [1] Angela Drake's Background - Angela Drake has nearly 30 years of experience in financial and business management [2] - She currently serves as the Chief Financial Officer at The Toro Company since March 2023 [2] - Prior roles include Vice President of Finance Vice President of Construction and Senior Managing Director Integration Co-Lead at The Toro Company from April 2019 to March 2023 [2] - Previously served as Chief Financial Officer at Charles Machine Works which was acquired by The Toro Company [2] - Holds a Bachelor of Science in Accounting from the University of Central Oklahoma and is a Certified Public Accountant [2] Company Overview - Simpson Manufacturing Co Inc is headquartered in Pleasanton California and operates through subsidiaries including Simpson Strong-Tie Company Inc [3] - The company designs engineers and manufactures wood construction products such as connectors truss plates fastening systems fasteners and shear walls [3] - Also produces concrete construction products including adhesives specialty chemicals mechanical anchors powder actuated tools and reinforcing fiber materials [3] - Primarily supplies building product solutions to residential and commercial markets in North America and Europe [3] - The company's common stock trades on the New York Stock Exchange under the symbol SSD [3]

Core Insights - Micron Technology has launched the 6550 ION NVMe SSD, which is the world's fastest 60TB data center SSD and the first of its kind in the E3.S and PCIe Gen5 formats, aimed at enhancing performance and efficiency in exascale data center deployments [1][2]. Performance and Efficiency - The Micron 6550 ION achieves a read speed of 12GB/s while consuming only 20 watts of power, offering up to 20% better energy efficiency compared to competitors [2][3]. - It provides significant performance advantages over competing 60TB SSDs, including 179% faster sequential reads, 150% faster sequential writes, and 80% faster random reads [3]. - The drive excels in AI workloads, showing 147% higher performance for NVIDIA Magnum IO GPUDirect Storage and 30% higher 4KB transfer performance for deep learning tasks [3]. Space Efficiency - The 6550 ION is available in multiple form factors, including E3.S, U.2, and E1.L, and can reduce rack storage needs by up to 67%, allowing for over 1.2 petabytes of storage per rack unit [4]. - Using a 1U high-density server, operators can achieve a storage capacity of 44.2 petabytes per rack, which is 67% denser than traditional 2U servers [4]. Endurance and Security - The drive offers best-in-class endurance with 1.0 random drive writes per day, providing 42% more endurance than competing models [5]. - It includes advanced security features such as SPDM 1.2 for attestation and SHA-512 for secure signature generation, ensuring compliance with government security standards [5]. Industry Impact - Industry leaders have recognized the Micron 6550 ION as a significant advancement for data-intensive and AI applications, highlighting its role in enhancing infrastructure capabilities [6]. - Collaborations with companies like AMD and VAST Data are expected to leverage the 6550 ION's capabilities to meet the demands of modern AI workloads [6].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2024 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) | --- | --- | |---------------- ...

Simpson Manufacturing (NYSE: SSD ) is a company that designs and manufactures high-quality wood and concrete construction products. For 3Q24, the company reported modest growth in its net sales of 1.2% to $587.2 million. This growth was supported by stable North American volumesWith years of investing experience in the financial markets, I have honed my skills in identifying and capitalizing on investment opportunities across diverse sectors. My investment approach is based on fundamental analysis of stocks ...

Simpson Manufacturing Co., Inc. (SSD) reported dismal third-quarter 2024 results, with earnings missing the Zacks Consensus Estimate and declining on a year-over-year basis.Following the announcement, the company’s shares lost 4.5% in the after-hours trading session yesterday. Investor sentiment was negatively impacted by SSD’s decision to lower its 2024 guidance, which reflects current expectations that U.S. housing starts will be down from the prior year.Stay up-to-date with all quarterly releases: See Za ...

Simpson Manufacturing Co., Inc. (NYSE:SSD) Q3 2024 Earnings Conference Call October 21, 2024 5:00 PM ET Company Participants Kimberly Orlando - Investor Relations, ADDO Investor Relations Michael Olosky - President and Chief Executive Officer Brian Magstadt - Chief Financial Officer and Treasurer Conference Call Participants Daniel Moore - CJS Securities Timothy Wojs - Baird Kurt Yinger - D.A. Davidson Operator Greetings and welcome to the Simpson Manufacturing Company Third Quarter 2024 Earnings Conference ...