NYSE$SSD

Simpson Manufacturing Co Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Simpson's Q4 2020 financial performance reflected strong sales growth and increased profitability.

Simpson Manufacturing Co., Inc. reported a 12.0% increase in net sales to $293.9 million for the fourth quarter of 2020, driven by higher sales volumes in North America and Europe. Net income per diluted share increased by 7.9% year-over-year to $0.68. The company's full-year net sales reached a record $1.27 billion, with earnings per diluted share up 43.3% to $4.27.

  • Fourth quarter net sales increased 12.0% year-over-year to $293.9 million.
  • Net income per diluted common share for the fourth quarter increased 7.9% year-over-year to $0.68.
  • Full-year 2020 net sales increased 11.6% year-over-year to $1.27 billion.
  • Returned $116.2 million to stockholders in 2020 through stock repurchases and dividends.

Headline financials

Total Revenue

$294M

Previous: $263M+12.0%
EPS (adj)

$0.68

Previous: $0.63+7.9%
Gross Profit Margin

42.1%

Previous: 41.9%+0.5%
Operating Income Margin

13.4%

Previous: 13.9%-3.6%
Capital Expenditures

$17M

Previous: $8.2M+107.6%
Free Cash Flow

$60.9M

Previous: $48.2M+26.3%
Net Income

$29.6M

Previous: $28.1M+5.6%
Operating Income

$39.5M

Previous: $36.6M+7.8%
Gross Profit

$124M

Previous: $110M+12.4%
Cash & Equivalents

$275M

Previous: $230M+19.3%
Total Assets

$1.23B

Previous: $1.1B+12.5%
Stock-Based Comp

$4.05M

Previous: $1.74M+133.3%

Revenue & EPS history

Simpson · Revenue · Quarterly

$294M

Q4 2020+12%vs Q4 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Simpson · $294M total across 3 segments · Q4 2020

  • North America
    $249M+9.8%
  • Europe
    $41.8M+24.9%
  • Asia/Pacific
    $2.93M+34.8%

Forward guidance

Based on business trends and conditions as of February 8, 2021, the Company's outlook for the full fiscal year ending December 31, 2021 includes an operating margin estimated to be in the range of 16.5% to 18.5%, an effective tax rate estimated to be in the range of 25.0% to 26.0%, and capital expenditures estimated to be in the range of $50 million to $55 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 Q4 2020

Historical avgQ4 2020

+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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