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Simpson Manufacturing Co., Inc. to Announce Fourth Quarter and Full Year 2024 Financial Results on Monday, February 10th
Prnewswire· 2025-01-27 14:00
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]
Simpson Manufacturing Co., Inc. Announces Participation at the CJS Securities 25th Annual New Ideas for the New Year Conference
Prnewswire· 2025-01-07 14:00
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]
Simpson Manufacturing Co. Announces the Appointment of Angela Drake to its Board of Directors
Prnewswire· 2025-01-03 13:30
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]
Micron Introduces World's Fastest, Most Energy Efficient 60TB SSD
GlobeNewswire News Room· 2024-11-12 12:12
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].
Simpson Manufacturing: Modest Growth Amid Market Challenges
Seeking Alpha· 2024-11-01 06:00
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 Stock Down on Q3 Earnings Lag, '24 View Cut
ZACKS· 2024-10-22 15:25
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(SSD) - 2024 Q3 - Earnings Call Transcript
2024-10-21 23:32
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]
Simpson Manufacturing Co., Inc. Announces 2024 Third Quarter Financial Results
Prnewswire· 2024-10-21 20:17
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 ...
Simpson Manufacturing Co., Inc. to Announce Third Quarter 2024 Financial Results on Monday, October 21st
Prnewswire· 2024-10-07 13:00
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 ...
Micron Expands SSD Portfolio With New Crucial P310 2280 Gen4 SSD, Bringing High-Octane Performance To Gamers and Creators
GlobeNewswire News Room· 2024-09-17 13:00
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 ...