NYSE$SSD
Simpson Manufacturing Co Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported an increase in net sales and income from operations compared to the prior year period.
Simpson Manufacturing Co. announced strong Q3 2021 financial results, with net sales reaching $396.7 million, an 8.9% increase year-over-year. Income from operations rose to $100.6 million, contributing to diluted earnings per share of $1.70. The company experienced lighter sales volumes in North America due to customer inventory adjustments amidst challenging labor and supply chain conditions.
- Net sales increased by 8.9% year-over-year, reaching $396.7 million.
- Gross margin improved to 49.9% from 47.6% in the prior year period.
- Income from operations increased by 10.2% year-over-year, totaling $100.6 million.
- Earnings per diluted share increased by 10.4% year-over-year, reaching $1.70.
Headline financials
Revenue & EPS history
Simpson · Revenue · Quarterly
$397M
Revenue by segment
Simpson · $397M total across 3 segments · Q3 2021
- North America$339M+6.8%85.3%
- Europe$54.8M+22.5%13.8%
- Asia/Pacific$3.32M+25.8%0.8%
Forward guidance
The Company is updating certain elements of its outlook, primarily reflecting actual results of the third quarter as well as the Company's latest views on demand trends, raw material input costs and operating expenses. The Company's outlook for the full fiscal year ending December 31, 2021 is as follows:
Tailwinds
- Operating margin is estimated to be in the range of 20.0% to 22.0%.
- The effective tax rate is estimated to be in the range of 25.0% to 26.0%, including both federal and state income tax rates.
- Capital expenditures are estimated to be in the range of $55 million to $60 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 Q3 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
| 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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