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 ...

PLEASANTON, Calif., July 31, 2024 /PRNewswire/ -- Simpson Manufacturing Co., Inc. (the "Company") (NYSE: SSD), an industry leader in engineered structural connectors and building solutions, today announced that Brian Magstadt, Chief Financial Officer and Treasurer, has informed the Company of his intention to retire effective December 31, 2024. Mr. Magstadt joined Simpson in 2004 and has served as the Company's Chief Financial Officer and Treasurer since 2012. The Company has initiated a comprehensive searc ...

BOISE, Idaho, July 30, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), announced today that it is shipping ninth-generation (G9) TLC NAND in SSDs, making it the first in the industry to achieve this milestone. Micron G9 NAND features the industry's highest transfer speed of 3.6 GB/s, delivering unsurpassed bandwidth for reading and writing data. The new NAND enables best-in-class performance for artificial intelligence (AI) and other data-intensive use cases from personal devices and edge ser ...

BOISE, Idaho, July 23, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), today announced availability of the Micron 9550 NVMe™ SSD – the world's fastest data center SSD and industry leader in AI workload performance and power efficiency.1 The Micron 9550 SSD showcases Micron's deep expertise and innovation by integrating its own controller, NAND, DRAM and firmware into one world-class product. This integrated solution enables class-leading performance, power efficiency and security features for ...

Financial Data and Key Metrics Changes - The company's consolidated net sales for Q2 2024 totaled $597 million, consistent with the prior year despite challenging housing markets in the US and Europe [36][68] - Consolidated gross profit decreased by 3.1% to $278.5 million, resulting in a gross margin of 46.7%, down from 48.1% in the previous year [66] - Adjusted EBITDA for the quarter was $152.6 million, reflecting a decline of 7.8% year-over-year [54][68] - Net income totaled $97.8 million, or $2.31 per fully diluted share, compared to $107.2 million, or $2.50 per share in the prior year [68] Business Line Data and Key Metrics Changes - North American net sales were $463 million, a slight decline of 0.5% year-over-year, with wood construction product sales down 1.6% and concrete construction product sales up 6.3% [81] - In Europe, net sales increased by 1.6% to $129.9 million, primarily due to modestly higher sales volumes [38][66] - Gross margin in North America decreased to 50% from 51.2%, while in Europe it decreased to 35.4% from 37.4% [82] Market Data and Key Metrics Changes - The US housing starts are expected to be flat to slightly down for 2024, with a forecast of mid-single-digit growth in 2025 [62][85] - The national retail market saw low single-digit declines due to various factors, while North American volumes for Q2 were relatively flat compared to last year [37][53] Company Strategy and Development Direction - The company aims to continue above-market growth by focusing on product development and customer support, with a target to return to the top quartile of operating margin [5][54] - Significant investments are being made in manufacturing and distribution capabilities, including the expansion of facilities in Columbus, Ohio, and Gallatin, Tennessee [61][62] - The acquisition of Calculated Structured Designs is expected to enhance the company's software offerings and drive digital solutions forward [60][115] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about long-term growth prospects in the US housing market, despite current challenges [36][62] - The company is closely monitoring end-markets and making strategic decisions regarding spending and hiring [5][36] - Management noted that while the housing market is currently slow, they expect a pickup in the second half of the year [96] Other Important Information - The company generated cash from operations of approximately $119 million and invested $79.6 million in capital expenditures during the quarter [71][59] - The effective tax rate was 26.3%, approximately 40 basis points higher than the prior year [68] - The company announced the retirement of a key executive and the hiring of a new Chief Technology Officer to drive innovation [63] Q&A Session Summary Question: Expectations for US housing starts - Management indicated that they expect to continue outpacing the market by low to mid-single digits, despite recent declines in housing starts [2][3] Question: Impact of market conditions on guidance - Management noted that the housing market has shown signs of slowing, leading to a revised expectation of flat to down housing starts for 2024 [96] Question: Capital allocation and M&A opportunities - The company is evaluating tuck-in acquisitions and remains opportunistic regarding share repurchases, having repurchased $50 million in stock during the quarter [6][101]

Exhibit 99.1 Press Release dated July 22, 2024 3 SIMPSON MANUFACTURING CO., INC. ANNOUNCES 2024 SECOND QUARTER FINANCIAL RESULTS Pleasanton, CA – July 22, 2024 l Net sales of $597.0 million lIncome from operations of $132.2 million, resulting in operating income margin of 22.1% l Net income per diluted share of $2.31 l Repurchased $50.0 million of common stock during the quarter Simpson Manufacturing Co., Inc. (the "Company") (NYSE: SSD), an industry leader in engineered structural connectors and building s ...

Core Insights - Micron Technology, Inc. has launched the Crucial P310 2230 Gen4 NVMe SSD, designed for handheld gaming enthusiasts and users of ultrathin laptops and mini PCs, offering high performance and capacity without compromising speed [7][2] - The SSD features read speeds of 7,100 MB/s and write speeds of 6,000 MB/s, making it the fastest 2230 Gen4 consumer drive in the industry [2][7] - Capacity options range from 1TB to 2TB, allowing users to store more games and data-intensive content [2][7] Performance and Efficiency - The P310 SSD achieves random read speeds of up to 1 million IOPS, enabling faster game boot times and smoother gameplay [2] - It is designed for power efficiency, providing high performance while minimizing battery loss, which is crucial for data-intensive and graphically demanding applications [2][13] - The SSD is backward compatible with Gen3 devices, enhancing its versatility [2] Technical Collaboration - The development of the P310 SSD involved close collaboration with Phison Technology to optimize the controller for maximum performance with a lower power footprint [8][13] - The use of Micron's advanced 3D NAND technology contributes to the SSD's high performance and efficiency [13] Availability and Warranty - The Crucial P310 2230 Gen4 SSD is available for purchase through crucial.com and select retailers, backed by a five-year warranty [4][7]

Core Points - Simpson Manufacturing Co., Inc. will report its financial results for the second quarter ended June 30, 2024, on July 22, 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: July 22, 2024, at 5:00 p.m. Eastern Time [2] - Dial-in numbers: (877) 407-0792 for U.S. and Canada, (201) 689-8263 for International [2] - Replay available from 8:00 p.m. Eastern Time on July 22, 2024, until 11:59 p.m. Eastern Time on August 5, 2024 [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]