NYSE$SSD
Simpson Manufacturing Co Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Simpson Manufacturing Co., Inc. reported a decrease in net sales and operating income for Q1 2024.
Simpson Manufacturing Co., Inc. announced its Q1 2024 financial results, with net sales of $530.6 million, a slight decrease of 0.7% compared to the previous year. Income from operations decreased by 18.8% to $96.1 million, and net income per diluted share decreased to $1.77.
- Consolidated net sales decreased by 0.7% to $530.6 million.
- North America net sales increased by 0.1% to $406.7 million, driven by an 8% increase in sales volumes.
- Consolidated income from operations decreased by 18.8% to $96.1 million.
- Net income decreased by 14.3% to $75.4 million, with earnings per diluted share at $1.77.
Headline financials
Revenue & EPS history
Simpson · Revenue · Quarterly
$531M
Revenue by segment
Simpson · $580M total across 3 segments · Q3 2023
- North America$457M+4.4%78.8%
- Europe$119M+6.4%20.5%
- Asia/Pacific$4.22M+5.8%0.7%
Forward guidance
The Company has updated its 2024 financial outlook based on one quarter of financial information to reflect its latest expectations regarding demand trends, raw material costs and operating expenses. The Company's outlook for the full fiscal year ending December 31, 2024 is as follows: Operating margin is estimated to be in the range of 20.0% to 21.5%.
Tailwinds
- Operating margin is estimated to be in the range of 20.0% to 21.5%.
- The effective tax rate is estimated to be in the range of 24.5% to 25.5%.
- Expanding facilities for increased capacity.
- Improving overall efficiencies to provide high-levels of service and customer support.
- Strategic investments will help accelerate historical average performance.
Headwinds
- Challenging market for new housing starts in both the U.S. and Europe.
- European housing starts below prior year.
- Macroeconomic challenges and lower overall construction activity continued to pressure volumes in Europe.
- Costs incurred to drive organic growth in the business including significant investments in people, engineering, equipment and other capabilities.
- Capital expenditures are estimated to be approximately $185.0 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.6%
Avg return
Earnings day
+2.7%
Avg return
5 days after
+4.4%
Avg return
30 days after
51%
35 / 69 earnings
Positive
+21.5%
Q1 2020
Best reaction
-10.6%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.5% | +2.9% | +2.5% | |
| Q4 2025 | +5.0% | +6.6% | -9.0% | |
| Q3 2025 | +6.0% | +0.4% | -4.4% | |
| Q2 2025 | -2.2% | -1.5% | -1.3% | |
| Q1 2025 | +0.2% | +2.1% | +1.6% | |
| Q4 2024 | +1.5% | +4.4% | -7.5% | |
| Q3 2024 | -7.4% | -4.6% | -5.8% | |
| Q2 2024 | -1.2% | +6.1% | -0.6% | |
| Q1 2024 | -8.2% | -5.8% | -6.6% | |
| Q4 2023 | -3.5% | +2.8% | +13.4% | |
| Q3 2023 | -4.5% | -2.5% | +23.2% | |
| Q2 2023 | +6.7% | +5.8% | +4.7% | |
| Q1 2023 | +9.1% | +11.1% | +7.6% | |
| Q4 2022 | +2.7% | -1.4% | -2.2% | |
| Q3 2022 | +7.9% | +9.3% | +18.7% | |
| Q2 2022 | -3.8% | -4.8% | -8.6% | |
| Q1 2022 | +0.6% | -1.0% | -1.2% | |
| Q4 2021 | +10.9% | +6.5% | +8.5% | |
| Q3 2021 | -6.6% | -7.6% | +4.3% | |
| Q2 2021 | -2.8% | +0.8% | +1.6% | |
| Q1 2021 | +6.5% | +5.0% | +6.5% | |
| Q4 2020 | -4.3% | -4.6% | +7.7% | |
| Q3 2020 | -7.6% | -8.5% | -4.2% | |
| Q2 2020 | +0.8% | +6.5% | +10.5% | |
| Q1 2020 | +21.5% | +17.3% | +36.6% | |
| Q4 2019 | +4.6% | +4.7% | +2.5% | |
| Q3 2019 | +9.5% | +11.8% | +8.9% | |
| Q2 2019 | -10.6% | -6.5% | -5.6% | |
| Q1 2019 | +2.7% | +7.7% | -0.2% | |
| Q4 2018 | -6.6% | -5.4% | -2.4% | |
| Q3 2018 | -0.2% | +4.1% | +3.4% | |
| Q2 2018 | +21.5% | +22.8% | +27.6% | |
| Q1 2018 | +6.7% | +6.9% | +16.0% | |
| Q4 2017 | -1.6% | -4.2% | -2.6% | |
| Q3 2017 | +12.9% | +19.6% | +21.1% | |
| Q2 2017 | -0.4% | +1.2% | -2.2% | |
| Q1 2017 | -3.0% | -3.0% | -6.2% | |
| Q4 2016 | -0.5% | -0.9% | -2.6% | |
| Q3 2016 | +2.5% | +3.6% | +16.4% | |
| Q2 2016 | -1.8% | -1.7% | +5.2% | |
| Q1 2016 | +0.4% | — | — | |
| Q4 2015 | +2.5% | — | — | |
| Q3 2015 | +2.3% | — | — | |
| Q2 2015 | -2.0% | — | — | |
| Q1 2015 | -4.2% | — | — | |
| Q4 2014 | +1.2% | — | — | |
| Q3 2014 | +1.7% | — | — | |
| Q2 2014 | -5.0% | — | — | |
| Q1 2014 | +1.6% | — | — | |
| Q4 2013 | +3.9% | — | — | |
| Q3 2013 | +7.1% | — | — | |
| Q2 2013 | +4.8% | — | — | |
| Q1 2013 | -9.3% | — | — | |
| Q4 2012 | -7.1% | — | — | |
| Q3 2012 | -0.6% | — | — | |
| Q2 2012 | -5.0% | — | — | |
| Q1 2012 | +0.1% | — | — | |
| Q4 2011 | -3.5% | — | — | |
| Q3 2011 | -0.0% | — | — | |
| Q2 2011 | -3.6% | — | — | |
| Q1 2010 | -0.9% | — | — | |
| Q1 2011 | +2.4% | — | — | |
| Q4 2010 | -3.7% | — | — | |
| Q4 2008 | -3.7% | — | — | |
| Q3 2009 | -2.1% | — | — | |
| Q3 2010 | -2.1% | — | — | |
| Q4 2009 | +1.1% | — | — | |
| Q2 2010 | +1.1% | — | — | |
| Q2 2009 | +1.1% | — | — |
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