NYSE$SSD

Simpson Manufacturing Co Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported a strong increase in net sales and gross margin due to product price increases and sales volume.

Simpson Manufacturing Co. announced strong Q2 2021 financial results, with net sales of $410.3 million, a 25.8% increase year-over-year. Gross margin increased to 47.9%, and income from operations rose by 40.9% to $101.7 million. Earnings per diluted share were $1.66, a 36.1% increase year-over-year.

  • Net sales increased by 25.8% year-over-year to $410.3 million.
  • Gross margin improved to 47.9% from 45.9% in the prior year period.
  • Income from operations increased by 40.9% year-over-year to $101.7 million, with an operating margin of 24.8%.
  • Diluted earnings per share increased by 36.1% year-over-year to $1.66.

Headline financials

Total Revenue

$410M

Previous: $326M+25.8%
EPS (adj)

$1.66

Previous: $1.22+36.1%
Gross Profit Margin

47.9%

Previous: 45.9%+4.4%
Operating Income Margin

24.8%

Previous: 22.1%+12.2%
Capital Expenditures

$8.79M

Previous: -$14.1M+162.4%
Free Cash Flow

$55M

Previous: $39.4M+39.6%
Net Income

$72.5M

Previous: $53.5M+35.5%
Operating Income

$102M

Previous: $72.2M+40.8%
Gross Profit

$196M

Previous: $150M+31.1%
Cash & Equivalents

$306M

Previous: $315M-3.1%
Total Assets

$1.37B

Previous: $1.28B+7.0%
Stock-Based Comp

$3.7M

Previous: $5.15M-28.1%

Revenue & EPS history

Simpson · Revenue · Quarterly

$410M

Q2 2021+25.8%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Simpson · $410M total across 3 segments · Q2 2021

  • North America
    $351M+22.2%
  • Europe
    $56.4M+51.0%
  • Asia/Pacific
    $3.29M+73.9%

Forward guidance

The company updated its full year outlook, primarily reflecting actual results of the second quarter, as well as improved visibility on the pandemic-related restrictions and the impact of those restrictions on the company’s operations.

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 Q2 2021

Historical avgQ2 2021

+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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro