NYSE$SSD

Simpson Manufacturing Co Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Simpson's Q4 2019 earnings were announced, demonstrating year-over-year growth in net sales and net income per diluted common share.

Simpson Manufacturing Co., Inc. reported an 8.5% increase in fourth-quarter net sales, reaching $262.5 million, and a 125.0% increase in net income per diluted common share, which amounted to $0.63. The company's focus on cost structure rationalization led to a 100 basis point improvement in total operating expenses as a percentage of net sales.

  • Net sales increased by 8.5% year-over-year, reaching $262.5 million.
  • Net income per diluted common share increased by 125.0% year-over-year, amounting to $0.63.
  • Gross profit margin increased to 41.9% from 40.6%.
  • Total operating expenses as a percentage of net sales improved by 100 basis points year-over-year.

Headline financials

Total Revenue

$263M

Previous: $242M+8.5%
EPS (adj)

$0.63

Previous: $0.45+40.0%
Gross Profit Margin

41.9%

Previous: 40.6%+3.2%
Total Operating Expenses

$79.2M

No prior period
Operating Income Margin

13.9%

No prior period
Capital Expenditures

$8.2M

Previous: $4.6M+78.5%
Free Cash Flow

$48.2M

Previous: $47.5M+1.5%
Net Income

$28.1M

Previous: $15.6M+79.5%
Operating Income

$36.6M

Previous: $22.7M+61.0%
Gross Profit

$110M

Previous: $98.4M+11.8%
Cash & Equivalents

$230M

Previous: $160M+43.7%
Total Assets

$1.1B

Previous: $1.02B+7.2%
Stock-Based Comp

$1.74M

Previous: $2.4M-27.8%

Revenue & EPS history

Simpson · Revenue · Quarterly

$263M

Q4 2019+8.5%vs Q4 2018
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Simpson · $263M total across 3 segments · Q4 2019

  • North America
    $227M+10.8%
  • Europe
    $33.5M-4.1%
  • Asia/Pacific
    $2.17M-3.8%

Forward guidance

The Company's outlook for the full fiscal year ending December 31, 2020, includes a gross margin estimated to be in the range of approximately 43.5% to 44.5% and an effective tax rate is estimated to be in the range of approximately 25.0% to 26.0%, including both federal and state income tax rates.

Tailwinds

  • Gross margin is estimated to be in the range of approximately 43.5% to 44.5%.
  • The effective tax rate is estimated to be in the range of approximately 25.0% to 26.0%, including both federal and state income tax rates.

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 Q4 2019

Historical avgQ4 2019

+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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