NYSE$SSD

Simpson Manufacturing Co Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong financial and operational performance driven by net sales increase and the acquisition of ETANCO.

Simpson Manufacturing Co. announced strong Q2 2022 results, with net sales increasing by 44.6% to $593.2 million and diluted earnings per share rising by 30.1% to $2.16. The acquisition of ETANCO contributed significantly to the sales growth, and the company is progressing with integration efforts. The company has updated its 2022 financial outlook to include the acquisition of ETANCO.

  • Consolidated net sales increased 44.6% year-over-year to $593.2 million.
  • Income from operations increased 30.8% year-over-year to $133.1 million.
  • Diluted earnings per share increased 30.1% year-over-year to $2.16.
  • The Company repurchased $25.0 million of its common stock during the quarter.

Headline financials

Total Revenue

$593M

Previous: $410M+44.6%
EPS (adj)

$2.16

Previous: $1.66+30.1%
Gross Profit Margin

43.7%

Previous: 47.9%-8.8%
Operating Income Margin

22.4%

Previous: 24.8%-9.7%
Capital Expenditures

-$31.8M

Previous: $8.79M-462.1%
Free Cash Flow

$61.7M

Previous: $55M+12.2%
Net Income

$93.6M

Previous: $72.5M+29.1%
Operating Income

$133M

Previous: $102M+30.9%
Gross Profit

$259M

Previous: $196M+32.0%
Cash & Equivalents

$246M

Previous: $306M-19.5%
Total Assets

$2.49B

Previous: $1.37B+80.9%
Stock-Based Comp

$4.66M

Previous: $3.7M+25.7%

Revenue & EPS history

Simpson · Revenue · Quarterly

$593M

Q2 2022+44.6%vs Q2 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Simpson · $593M total across 3 segments · Q2 2022

  • North America
    $456M+30.2%
  • Europe
    $133M+136.1%
  • Asia/Pacific
    $3.58M+9.1%

Forward guidance

The Company has updated its 2022 financial outlook to include the acquisition of ETANCO, two quarters of actual results, and its latest expectations regarding demand trends, raw material costs and operating expenses.

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 2022

Historical avgQ2 2022

+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%

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