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Simpson(SSD) - 2023 Q1 - Earnings Call Transcript
2023-04-24 23:26
Simpson Manufacturing Co., Inc. (NYSE:SSD) Q1 2023 Earnings Conference Call April 24, 2023 5:00 PM ET Company Participants Kim Orlando - ADDO Investor Relations Mike Olosky - President and Chief Executive Officer Brian Magstadt - Chief Financial Officer and Treasurer Conference Call Participants Tim Wojs - Baird Kurt Yinger - D.A. Davidson Daniel Moore - CJS Securities Julio Romero - Sidoti & Company Operator Greeting. Welcome to the Simpson Manufacturing Company First Quarter 2023 Earnings Conference Call. ...
Simpson(SSD) - 2022 Q4 - Annual Report
2023-02-27 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2022 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) Delaware 94-3196943 (State or other jur ...
Simpson(SSD) - 2022 Q4 - Earnings Call Transcript
2023-02-07 00:39
Simpson Manufacturing Co., Inc. (NYSE:SSD) Q4 2022 Earnings Conference Call February 6, 2023 5:00 PM ET Company Participants Kim Orlando - ADDO Investor Relations Mike Olosky - President and Chief Executive Officer Brian Magstadt - Chief Financial Officer Conference Call Participants Daniel Moore - CJS Kurt Yinger - D.A. Davidson Julio Romero - Sidoti & Company Operator Greetings, and welcome to the Simpson Manufacturing Co. Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in ...
Simpson(SSD) - 2022 Q3 - Quarterly Report
2022-11-07 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the transition period from to Commission file number: 1-13429 Simpson Manufacturing Co., Inc. (Exact name of registrant as specified in its charter) | Delaware | 94-3196943 | | --- | --- | | (State or other jurisdiction of incorporation | (I.R.S. Employer | | or organization) | Identification No.) | 5956 W. Las Positas Blvd., Pleasanton, CA 94588 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITI ...
Simpson(SSD) - 2022 Q3 - Earnings Call Transcript
2022-10-24 23:29
Simpson Manufacturing Co., Inc. (NYSE:SSD) Q3 2022 Earnings Conference Call October 24, 2022 5:00 PM ET Company Participants Kim Orlando - ADDO IR Karen Colonias - CEO Brian Magstadt - CFO Conference Call Participants Daniel Moore - CJS Securities Tim Wojs - Baird Kurt Yinger - D.A. Davidson Julio Romero - Sidoti & Company Operator Greetings, and welcome to the Simpson Manufacturing Company Third Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. ...
Simpson Manufacturing (SSD) Investor Presentation - Slideshow
2022-10-19 15:36
STRONG FOUNDATION. STRONGER FUTURE. Simpson Manufacturing Co., Inc. Investor Presentation September 2022 SIMPSON Manufacturing Safe Harbor This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 2IE of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally can be identified by words such as "anticipate," "believe," "estimate," "expect," " ...
Simpson(SSD) - 2022 Q2 - Quarterly Report
2022-08-09 16:00
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: June 30, 2022 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) | Delaware | 94-3196943 | | --- | -- ...
Simpson(SSD) - 2022 Q2 - Earnings Call Transcript
2022-07-26 02:52
Simpson Manufacturing Co., Inc. (NYSE:SSD) Q2 2022 Earnings Conference Call July 25, 2022 5:00 PM ET Company Participants Kim Orlando - ADDO Investor Relations Karen Colonias - CEO Brian Magstadt - CFO Conference Call Participants Daniel Moore - CJS Securities Timothy Wojs - Robert W. Baird Julio Romero - Sidoti & Co. Kurt Yinger - D.A. Davidson Operator Greetings. Welcome to Simpson Manufacturing Co. Inc. Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode ...
Simpson(SSD) - 2022 Q1 - Quarterly Report
2022-05-05 16:00
Financial Performance - Net sales for the three months ended March 31, 2022, were $493,570,000, representing a 42% increase from $347,642,000 in the same period of 2021[12] - Gross profit for the same period was $236,781,000, up 46% from $162,282,000 year-over-year[12] - Net income increased to $94,576,000 for Q1 2022, compared to $50,387,000 in Q1 2021, marking an 88% growth[12] - Operating income for Q1 2022 was $124.44 million, compared to $68.38 million in Q1 2021, reflecting a significant operational improvement[76] - For the three months ended March 31, 2022, net income available to common stockholders was $94.6 million, compared to $50.4 million for the same period in 2021, representing an increase of 87.5%[40] - Basic net income per common share for Q1 2022 was $2.19, up from $1.16 in Q1 2021, reflecting an increase of 88.8%[40] Assets and Liabilities - Total assets as of March 31, 2022, reached $2,280,350,000, a significant increase from $1,294,727,000 at the end of 2021[10] - The company reported total liabilities of $1,048,539,000 as of March 31, 2022, compared to $280,218,000 at the end of 2021[10] - Total current assets increased to $1.79 billion in Q1 2022 from $819.00 million in Q1 2021, reflecting a 118% growth[10] - The company has a total outstanding debt balance of $700 million as of March 31, 2022, with no outstanding balances reported in the previous year[69] Cash and Liquidity - Cash and cash equivalents rose to $984,372,000 by March 31, 2022, compared to $257,428,000 a year earlier, indicating a substantial liquidity improvement[10] - Cash flows from operating activities provided $44,679,000 in Q1 2022, compared to $17,833,000 in Q1 2021, showing improved operational efficiency[17] - Cash dividends declared per common share increased to $0.25 in Q1 2022 from $0.23 in Q1 2021[12] - A quarterly cash dividend of $0.26 per share was declared on May 4, 2022, estimated to total $11.2 million[80] Stock and Shareholder Returns - The company repurchased common stock worth $21,281,000 during the quarter, reflecting a commitment to returning value to shareholders[17] - The Company repurchased 194,745 shares of its common stock at an average price of $109.28 per share, totaling $21.3 million, with approximately $78.7 million remaining under the $100 million repurchase authorization[42] - Stock-based compensation expense for Q1 2022 was $4.9 million, down from $6.5 million in Q1 2021, indicating a decrease of 24.6%[43] Sales Breakdown - Wood construction products accounted for 88% of total net sales for the three months ended March 31, 2022, compared to 87% in the same period of 2021[36] - Concrete construction products represented 12% of total net sales for both the three months ended March 31, 2022, and 2021[36] - North America segment sales reached $438.73 million, a 46% increase from $300.56 million in Q1 2021[76] Inventory and Receivables - Trade accounts receivable increased to $327.1 million as of March 31, 2022, from $232.6 million at the end of 2021, representing a 40.5% increase[46] - Total inventories amounted to $443.4 million as of March 31, 2022, compared to $296.6 million in the previous year, reflecting a 49.4% increase[47] Acquisitions and Investments - The company acquired ETANCO for $800 million on April 1, 2022, to enhance its product offerings in the fastener market[81] - The Company entered into an Amended and Restated Credit Facility providing a 5-year revolving credit facility of $450 million and a term loan facility of $450 million, borrowing $250 million and $450 million respectively for the ETANCO acquisition[12] Other Financial Metrics - Research and development expenses for Q1 2022 were $15.87 million, a 9% increase from $14.59 million in Q1 2021[12] - The estimated future amortization of definite-lived intangible assets is projected to be $24.4 million over the coming years[58] - The Company reported a loss on cash flow hedging relationships of $9.4 million for the three months ended March 31, 2022[52]
Simpson(SSD) - 2022 Q1 - Earnings Call Transcript
2022-04-26 02:25
Simpson Manufacturing Co., Inc. (NYSE:SSD) Q1 2022 Earnings Conference Call April 25, 2022 5:00 PM ET Company Participants Kim Orlando - ADDO Investor Relations Karen Colonias - Chief Executive Officer Brian Magstadt - Chief Financial Officer and Treasurer Conference Call Participants Daniel Moore - CJS Securities Timothy Wojs - Robert W. Baird & Co Kurt Yinger - D.A. Davidson Julio Romero - Sidoti and Company Operator Greetings. And Welcome to Simpson Manufacturing Company Inc. First Quarter 2022 Earnings ...