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 (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]

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 ...

Core Points - Simpson Manufacturing Co., Inc. will report its financial results for the third quarter ended September 30, 2024, on October 21, 2024, at 4:15 p.m. Eastern Time [1] - The conference call will be hosted by Michael Olosky, President and CEO, and Brian Magstadt, CFO and Treasurer, at 5:00 p.m. Eastern Time on the same day [1] - The call will be available for live broadcast on the Company's Investor Relations website [1] Conference Call Details - Date: October 21, 2024 [2] - Time: 5:00 p.m. Eastern Time (4:00 p.m. Central Time, 2:00 p.m. Pacific Time) [2] - Dial-in numbers: (877) 407-0792 (U.S. and Canada), (201) 689-8263 (International) [2] - Conference ID: 13749013 [2] - Replay available from 8:00 p.m. Eastern Time on October 21, 2024, until 11:59 p.m. Eastern Time on November 4, 2024 [2] - Webcast will be posted on the Investor Relations section for 90 days [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]

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 ...

PLEASANTON, Calif., Sept. 12, 2024 /PRNewswire/ -- Simpson Manufacturing Co., Inc. (the "Company") (NYSE: SSD), an industry leader in engineered structural connectors and building solutions, today announced that Mike Olosky, President and Chief Executive Officer and Simpson management will participate in D.A. Davidson's 23rd Annual Diversified Industrials & Services Conference on Thursday, September 19, 2024. Simpson is scheduled to present at 3:30 p.m. CT and will participate in meetings with investors thr ...

Company Overview - Simpson Manufacturing Co, Inc is a leading manufacturer of wood and concrete construction products, including connectors, truss plates, fastening systems, and adhesives [3] - The company primarily supplies building product solutions to residential and commercial markets in North America and Europe [3] - Simpson Manufacturing Co, Inc is headquartered in Pleasanton, California and trades on the NYSE under the symbol "SSD" [3] Financial Performance - Since its IPO in 1994 at $11.50 per share ($2.875 split-adjusted), the company has grown from approximately $150 million in annual sales to over $2 billion in annual sales [2] - As of August 30, 2024, shares of Simpson closed at $183.06, resulting in a total compound annual growth rate of approximately 14.7% when including quarterly dividends [2] Corporate Milestones - Simpson Manufacturing Co, Inc will celebrate its 30th anniversary as a publicly listed company on September 6, 2024 [1] - President and CEO Mike Olosky will ring the closing bell at the NYSE on September 6, 2024 to commemorate this milestone [1] Leadership and Strategy - Mike Olosky, President and CEO, expressed gratitude to team members, customers, suppliers, and stockholders for their contributions to the company's success [2] - The company is committed to accelerating traction on key growth initiatives to drive enhanced shareholder value and continued market outperformance [2]

CHANDLER, Ariz., Aug. 05, 2024 (GLOBE NEWSWIRE) -- The Artificial Intelligence (AI) boom and rapid expansion of cloud-based services are accelerating the need for data centers to be more powerful, efficient and highly reliable. To meet the growing market demands, Microchip Technology (Nasdaq: MCHP) has released the Flashtec® NVMe® 5016 Solid State Drive (SSD) controller. The 16-channel, PCIe® Gen 5 NVM Express® (NVMe) controller is designed to offer higher levels of bandwidth, security and flexibility. "Dat ...