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 ...

Financial Data and Key Metrics Changes - The company's third quarter net sales totaled $587.2 million, an increase from the prior year despite pressures in the housing markets in the US and Europe [5][18] - Consolidated gross profit decreased by 2.8% to $275 million, resulting in a gross margin of 46.8%, down from 48.8% [19] - Adjusted EBITDA for the quarter was $148.3 million, a decline of 6.6% year-over-year [8][19] Business Line Data and Key Metrics Changes - North American net sales increased by 1% to $461.4 million, with wood construction product sales up 0.6% and concrete construction product sales up 3.1% [18] - The OEM market achieved mid-teens volume growth year-over-year, while commercial and residential markets experienced low single-digit declines [7][18] - European net sales increased by 1.8% to $121.2 million, benefiting from new customer wins and product applications [7][18] Market Data and Key Metrics Changes - North American volume growth exceeded US housing starts by approximately 500 basis points [5][28] - European housing starts are expected to decline in the high single-digits compared to 2023, with meaningful growth anticipated in 2026 and beyond [16][28] Company Strategy and Development Direction - The company aims to strengthen its values-based culture, be the business partner of choice, and strive for innovative leadership in its markets [8] - Investments are being made in engineering, equipment, and software to support customer needs and anticipate an acceleration in housing starts [7][8] - The company is focused on balancing growth investments with cost control in the current challenging housing market [26][28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about outperforming US housing starts, expecting a decline in the low single-digit range for 2023 and growth in the low single-digit range for 2025 [16][28] - The impact of recent hurricanes on sales and operating income was acknowledged, with expectations for lower fourth-quarter forecasts in affected areas [32][34] Other Important Information - The CFO announced plans to retire at the end of 2024, having been with the company for 20 years [14][18] - The company commemorated its 30th anniversary as a publicly traded entity [14] Q&A Session Summary Question: Impact of hurricanes on Q4 sales and operating income - Management noted significant slowdowns in the Southeast due to hurricanes, affecting forecasts for Q4 [32] Question: Key assumptions for US housing starts growth in 2025 - Management expects US housing starts to grow in the 3% to 4% range, with Europe projected at 1% to 2% [34] Question: Acquisitions and their contributions - Monet DeSauw and QuickFrames acquisitions are expected to enhance offerings, with combined revenue impact for Q4 projected to be less than $10 million [38][40] Question: Operating margin expectations - Management emphasized a target of 20% as a floor for operating income, with plans to be more selective in investments [42][44] Question: Steel pricing and competitive actions - Management indicated stable material costs and no significant pricing actions from competitors recently [49] Question: Implications of True Value bankruptcy - The company is evaluating the situation with True Value, noting that revenue from them is not material [51]

Exhibit 99.1 Press Release dated October 21, 2024 SIMPSON MANUFACTURING CO., INC. ANNOUNCES 2024 THIRD QUARTER FINANCIAL RESULTS l Net sales of $587.2 million, increased 1.2% year-over-year lIncome from operations of $124.9 million, resulting in operating income margin of 21.3% l Net income per diluted share of $2.21 l Revising full year 2024 outlook based on reduced housing start expectations Pleasanton, CA - October 21, 2024 Simpson Manufacturing Co., Inc. (the "Company") (NYSE: SSD), an industry leader i ...

Net sales of $587.2 million, increased 1.2% year-over-yearIncome from operations of $124.9 million, resulting in operating income margin of 21.3%Net income per diluted share of $2.21Revising full year 2024 outlook based on reduced housing start expectationsPLEASANTON, Calif., Oct. 21, 2024 /PRNewswire/ -- Simpson Manufacturing Co., Inc. (the "Company") (NYSE: SSD), an industry leader in engineered structural connectors and building solutions, today announced its financial results for the third quarter of 20 ...

PLEASANTON, Calif., Oct. 7, 2024 /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 third quarter ended September 30, 2024, on Monday, October 21, 2024, at 4:15 p.m. Eastern Time. Michael Olosky, Simpson's President and Chief Executive Officer, and Brian Magstadt, Chief Financial Officer and Treasurer, will host a conference call that same ...

BOISE, Idaho, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), today announced the availability of the Crucial® P310 2280 Gen4 NVMe™ solid-state drive (SSD), which offers two times faster performance than Gen3 SSDs1 and 40% faster performance than Crucial's P3 Plus,2 giving gamers, students and creatives a boost in speed when they boot and use data-intensive applications. With capacities up to 2 terabytes (TB) and read and write speeds of 7,100 and 6,000 megabytes per second (MB/s) r ...