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]

Core Insights - Micron Technology, Inc. has launched the Crucial® P310 2280 Gen4 NVMe™ SSD, which offers significant performance improvements over previous generations, specifically two times faster than Gen3 SSDs and 40% faster than the Crucial P3 Plus [1][2] Product Features - The P310 2280 SSD provides sequential read speeds of 7,100 MB/s and write speeds of 6,000 MB/s, with capacity options ranging from 500 gigabytes to 2 terabytes [2][3] - It delivers 20% faster performance in real-world tasks compared to other Gen4 SSDs, enhancing user experience in applications like Windows booting and Adobe software [2][7] - The SSD supports random read operations up to 1 million IOPS and random write operations up to 1.2 million IOPS, showcasing its high performance [2] - It features a 40% better performance-to-power ratio, allowing users to maximize productivity on a single charge [2] - The product is backward compatible with Gen3 devices, making it a versatile upgrade option [2] Market Positioning - The P310 2280 SSD is designed to cater to gamers, students, and creatives, providing high-speed performance without the premium gaming price tag [1][2] - The SSD is available in a standard M.2 2280 form factor, facilitating easy installation for users looking to upgrade existing laptops [3] - A version with a heatsink is expected to be released soon, targeting PlayStation 5 and desktop gaming PC users [3] Availability and Warranty - The Crucial P310 2280 Gen4 SSD is now available for purchase through crucial.com and select retailers, backed by a five-year warranty [4][7]

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 ...

Core Insights - Micron Technology, Inc. has launched the Micron 9550 NVMe SSD, which is positioned as the fastest data center SSD globally and a leader in AI workload performance and power efficiency [1][2] Performance and Efficiency - The Micron 9550 SSD offers 14.0 GB/s sequential read and 10.0 GB/s sequential write speeds, achieving up to 67% better performance compared to similar competitive SSDs [2] - It provides random reads of 3,300 KIOPS, which is up to 35% better, and random writes of 400 KIOPS, which is up to 33% better than competitors [2] - The SSD enables up to 33% faster workload completion times and up to 60% faster feature aggregation in GNN training with Big Accelerator Memory [2] - It consumes up to 43% less power than comparable SSDs during AI workloads [2] Collaboration and Integration - The Micron 9550 SSD integrates NVIDIA technologies, enhancing data center efficiency and performance for AI workloads [2] - Collaboration with AMD ensures the SSD's capabilities are fully utilized on AMD EPYC-based servers [2] - Intel supports the Micron 9550 SSD as it aligns with Intel's PCIe Gen5 CPU platforms, enhancing the ecosystem for AI workloads [2] Security and Architecture - The SSD features a vertically integrated architecture with advanced security capabilities, including self-encrypting drive capabilities and compliance with Security Protocols and Data Models [2][3] - It supports NVMe 2.0 and OCP 2.0, simplifying data center deployment and management [2] Product Offerings - The Micron 9550 SSD is available in capacities ranging from 3.2TB to 30.72TB and in various form factors, catering to the needs of top OEMs and hyperscalers [3]

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]