Simpson(US:SSD)2025-06-25 09:10Company Highlights - Simpson Manufacturing Co, Inc has a compound annual growth rate of approximately 15% since its 1994 IPO as of March 1, 2024 [9] - Since 2021, approximately 36% of free cash flow has been returned to stockholders [7] - The company's North America operations are outperforming U S housing starts, with an average of approximately 8% above market growth [87] Market and Product Portfolio - The company's core addressable market includes wood connectors & truss at $13 billion with SSD share at $296 million (23%), fasteners at $17 billion with SSD share at $135 billion (54%), and concrete at $25 billion with SSD share at $492 million (29%) [36] - The company offers a broad portfolio of solutions, including 18000 standard and custom products for wood, concrete, and steel [27] - The company has approximately 740 field sales representatives [31] Financial Performance and Capital Allocation - In 2023, North America sales were $1716 million, Europe sales were $481 million, and Asia/Pacific sales were $17 million [84] - In 2023, wood construction sales were $1882 million, concrete construction sales were $321 million, and other sales were $12 million [84] - The company defines free cash flow as cash flow from operations less capital expenditures [101]