Ms. Colonias will continue to serve as a member of Simpson's board of directors until the 2023 annual meeting of stockholders. According to analysts' consensus price target of $129.00, Simpson Manufacturing has a forecasted upside of 53.2% from its current price of $84.23. Simpson Manufacturing Co., Inc. is a Delaware Corporation filed On February 23, 1999. Net income for the quarter ended September 30, 2022, includes $3.0 million of net interest expense primarily on the Company's borrowings for its acquisition of ETANCO. I am confident we can continue our above market growth relative to U.S. housing starts in fiscal 2022 and that we can achieve our 2025 Company Ambitions, even when considering softer housing market forecasts.". Simpson Manufacturing Company (NYSE: SSD) just announced a great second-quarter report but one that reveals an underlying problem within the economy. Consolidated income from operations of $122.8 million increased 22.1% from $100.6 million. The webcast will remain posted on the Investor Relations section of Simpson's website at ir.simpsonmfg.comfor 90 days. simpson manufacturing co., inc., headquartered in pleasanton, california, through its subsidiary, simpson strong-tie company inc., designs, engineers and is a leading manufacturer of wood construction products, including connectors, truss plates, fastening systems, fasteners and shear walls, and concrete construction products, including A copy of the supplemental presentation can be found on the Company's website at ir.simpsonmfg.com and is also being furnished via Form 8-K filed with the SEC today, December 29, 2021. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Although we believe that the expectations and assumptions reflected in these forward-looking statements are reasonable, forward-looking statements are subject to inherent uncertainties, risk and other factors that are difficult to predict and could cause our actual results to vary in material respects from what we have expressed or implied by these forward-looking statements. ET / 8:00 a.m. PT. simpson manufacturing co., inc., headquartered in pleasanton, california, through its subsidiaries, including simpson strong-tie company inc., designs, engineers and is a leading. Further, we expect the acquisition to drive significant net sales growth with operating income synergies of approximately $30 million on an annual run rate basis. In the last 12-months Simpson Manufacturing Company Inc's revenue was $2.059 billion with a gross profit of $0.755 billion and an EBITDA of $0.553 billion. The ex-dividend date is Wednesday, January 4th. To participate, callers may dial 1-877-407-0792 (U.S. and Canada) or 1-201-689-8263 (International) approximately 10 minutes prior to the start time. Actual results may differ materially from those expressed or implied in such statements. simpson manufacturing co., inc., headquartered in pleasanton, california, through its subsidiaries, including simpson strong-tie company inc., designs, engineers and is a leading. The market capitalization, commonly called market cap, is the total market value of a publicly traded company's outstanding shares and is . Simpson Manufacturing Company is an engineering firm and building materials producer in the United States that produces structural connectors, anchors, and products for new construction and retrofitting. Our . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The Company manages its business by geographic segment but presents sales by product group as additional information. Company Description: Through its subsidiaries, Simpson Manufacturing designs, engineers and is a leading manufacturer of high quality wood and concrete building construction products designed to make structures safer and more secure, and that perform at high levels. Diluted earnings per share of $2.06 increased 20.8% year-over-year Repurchased $28.3 million of the Company's common stock during the quarter Simpson Manufacturing Co., Inc. (the. "Barclay Simpson, philanthropist and building supplies titan, dies", https://en.wikipedia.org/w/index.php?title=Simpson_Manufacturing_Company&oldid=1082716436, Companies listed on the New York Stock Exchange, Manufacturing companies established in 1956, Pages with non-numeric formatnum arguments, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 14 April 2022, at 16:52. During law school, she worked as a legal intern for a prominent automotive manufacturing company before joining Burg Simpson as [] simpson manufacturing co., inc., headquartered in pleasanton, california, through its subsidiary, simpson strong-tie company inc., designs, engineers and is a leading manufacturer of wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and concrete construction products, including adhesives, Simpson Manufacturing Co Inc /Ca/ - SIMPSON MANUFACTURING CO., INC. and COMPUTERSHARE TRUST COMPANY, N.A. Shares of Simpson Manufacturing jumped more than 4.0% on the Q1 news and broke out to a new all-time high. Financial ImpactThe acquisition of Etanco is expected to be accretive to the Company's earnings within the first full fiscal year after closing. Beginning in 2022, the Company changed its presentation for both the North America and the Administrative and all other segment's statement of operations to display allocated expenses and management fees as a separate item below income from operations. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. These synergies would be achieved through expanding Simpson's market share by selling its products into new markets and channels, incorporating Etanco's products into existing Simpson channels, as well as procurement optimization, manufacturing and operating expense efficiencies. CONTACT:Addo Investor Relationsinvestor.relations@strongtie.com (310) 829-5400, View original content to download multimedia:https://www.prnewswire.com/news-releases/simpson-manufacturing-co-inc-announces-binding-offer-to-acquire-etanco-group-301451621.html. Los Angeles Capital Management LLC cut its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Get Rating) by 1.1% in the second quarter, Holdings Channel.com reports. Simpson Manufacturing is an unlikely business to enter a hyper-growth phase but the numbers speak for themselves. Other unknown or unpredictable factors could also have material adverse effects on the Company's performance. At Simpson Manufacturing Co., Inc., we promise to treat your data with respect and will not share your information with any third party. Jones Day served as legal advisor to the Company and Wells Fargo Bank and MUFG Union Bank provided committed debt financing in support of the proposed acquisition. To drive longer-term growth, we are focused on facility upgrades and expansions to ensure we have ample capacity to meet our customers' needs locally as well as to improve our service, production efficiencies and safety in the workplace. Noi, di Yahoo, facciamo parte della famiglia di brand di Yahoo. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.23%. Simpson Manufacturing Co., Inc., headquartered in Pleasanton, California, through its subsidiaries, including Simpson Strong-Tie Company Inc., designs, engineers and is a leading manufacturer of . We define oversold territory using the. SIMPSON | 2,381 followers on LinkedIn. Apply today at CareerBuilder! See Top Rated MarketRank Stocks Here About Simpson Manufacturing (NYSE:SSD) Stock Supplemental PresentationThe Company has prepared a supplemental presentation which contains information regarding the proposed transaction. Simpson Manufacturing Company Inc's Key Ratios. Simpson Manufacturing Co., Inc., headquartered in Pleasanton, California, through its subsidiary, Simpson Strong-Tie Company Inc., designs, engineers and is a leading manufacturer of wood . Simpson Manufacturing Co., Inc. (the "Company" or "Simpson") (NYSE: SSD), an industry leader in engineered structural connectors and building solutions, announced today that it has submitted a binding offer with exclusivity to acquire the Etanco Group ("Etanco") for 725 million (approximately $818 million(1)). Apply to jobs near you. During the third quarter of 2022, the Company repurchased 308,500 shares of common stock in the open market at an average price of $91.67 per share, for a total of $28.3 million. Simpson Manufacturing has a really low three-year median payout ratio of 22%, meaning that it has the remaining 78% left over to reinvest into its business. THIS AMENDED AND RESTATED RIGHTS AGREEMENT, dated as of June 15, 2009, by and between SIMPSON MANUFACTURING CO., INC., a Delaware corporation (the "Company"), and COMPUTERSHARE TRUST COMPANY, N.A., a national banking . ET until 11:59 p.m. We believe the acquisition of Etanco will materially contribute to both net sales and operating income margin growth in Europe, and in turn, create value for all key Simpson stakeholders. At Simpson Manufacturing Co., Inc., we promise to treat your data with respect and will not share your information with any third party. The company's File Number is listed as 3008148. The Company's most targeted sectors include building materials (50%) and construction (25%). . FinancingThe acquisition is expected to be funded via a combination of $100 million of existing cash with the remainder from borrowings under the Company's existing Revolving Credit Facility, which will be increased from $300 million to $450 million, and a $450 million unsecured term loan with committed financing from Wells Fargo Bank and MUFG Union Bank. Etanco is a leading designer, manufacturer and distributor of fixing and fastening solutions for the building construction market throughout Europe, which includes innovative fasteners, connectors, anchors and safety solutions for roofing, cladding, faade, waterproofing and solar applications. Simpson Manufacturing Company is an engineering firm and building materials producer in the United States that produces structural connectors, anchors, and products for new construction and retrofitting. During five years of share price growth, Simpson Manufacturing achieved compound earnings per share (EPS) growth of 30% per year. Investors, analysts and other interested parties are invited to join the Company's third quarter of 2022 financial results conference call on Monday, October24, 2022, at 5:00 pm Eastern Time (2:00 pm Pacific Time). Simpson Manufacturing Co., Inc. to Announce Third Quarter 2022 Financial Results on Monday, October 24th Oct 10, 2022 (PRNewswire via COMTEX) -- PR Newswire. The company reported $493.6 million in net revenue for a gain of 42% over last year. As of November 2022 Simpson Manufacturing Company has a market cap of $3.70 Billion . You can sign up for additional alert options at any time. The Company has updated its 2022 financial outlook based on three quarters of financial information, which includes the acquisition of ETANCO, to reflect its latest expectations regarding demand trends, raw material costs and operating expenses. Consolidated net sales of $553.7 million increased 39.6% from $396.7 million. You can help Wikipedia by expanding it. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. We caution that you should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. CONTACT:Addo Investor Relationsinvestor.relations@strongtie.com(310) 829-5400, View original content to download multimedia:https://www.prnewswire.com/news-releases/simpson-manufacturing-co-inc-announces-2022-third-quarter-financial-results-301657700.html, Cash flow used in investing activities decreased approximately, 8:00 p.m. Eastern Time until 11:59 p.m. Eastern Time on Monday, https://viavid.webcasts.com/starthere.jsp?ei=1573952&tp_key=bb5a74da29, https://www.prnewswire.com/news-releases/simpson-manufacturing-co-inc-announces-2022-third-quarter-financial-results-301657700.html, FOREX-Dollar catches footing ahead of U.S. midterms, UPDATE 1-COVID outbreak grows in China's Guangzhou as more lockdowns loom, UPDATE 1-New Mexico city passes ordinance to block abortion clinics from operating, China Stock Rally Pauses as Covid Cases Surge Most Since April, Renault to Boost Returns in Split Plan With Outside Investors. (1) Reflects EUR to USD exchange rate as of December 22, 2021. For those unable to participate during the live broadcast, a replay of the call will also be available beginning that same day at 2:00 p.m. Dati relativi al dispositivo e alla connessione a Internet, come l'indirizzo IP, Attivit di navigazione e di ricerca durante l'utilizzo dei siti web e delle app di Yahoo. Simpson Manufacturing's largest acquisition to date was in 2021, when it acquired Etanco Group for $817M. Inc., through its subsidiary, Simpson Strong-Tie Company Inc. (SST), designs, engineers and manufactures wood and concrete building construction products. The Company's common stock trades on the New York Stock Exchange under the symbol "SSD.". Clicca su Gestisci impostazioni per maggiori informazioni e per gestire le tue scelte. Puoi cambiare le tue preferenze in qualunque momento nella sezione Le tue impostazioni per la privacy. Simpson Manufacturing Co., Inc., through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. Copies of Simpson Manufacturing's Annual Report to Stockholders and its proxy statements and other SEC filings, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, are made available free of charge on the company's web site on the same day they are filed with the SEC. Announces Binding Offer To Acquire Etanco Group, https://www.prnewswire.com/news-releases/simpson-manufacturing-co-inc-announces-binding-offer-to-acquire-etanco-group-301451621.html. The acquisition is expected to close near the end of the first quarter of 2022 and is anticipated to be accretive to the Company's earnings within the first full fiscal year after closing. For more than 55 years, Simpson Strong-Tie has focused on creating structural products that help people build safer and stronger homes and buildings. Simpson Manufacturing Co., Inc. has a 12 month low of $75.25 and a 12 month high of $141.26. Simpson Manufacturing Co., Inc. ( SSD) shares closed today at 1.9% above its 52 week low of $76.96, giving the company a market cap of $3B. Read full article. Simpson Manufacturing Co,. Today, with tens of thousands of machines installed in more than 45 countries in more than 100 different industries, Simpson Technologies remains a leader in anticipating customer needs and developing customized solutions that deliver value through lower operating costs, high productivity and improved quality. This story was generated by Automated Insights ( http . Simpson Manufacturing Company has performed a little below average during the past few months. Per maggiori informazioni su come utilizziamo i tuoi dati, consulta la nostra Informativa sulla privacy e la nostra Informativa sui cookie. In this article we are going to estimate the intrinsic value of Simpson Manufacturing Co., Inc. (NYSE:SSD) by estimating the company's future cash flows and discounting them to their. . You can sign up for additional alert options at any time. "Etanco's business of providing reputable, highly engineered technical solutions with a high focus on customer service, align with Simpson's core business model and values, making Etanco an ideal acquisition to support continued growth in our European business," said Karen Colonias, President and Chief Executive Officer of Simpson Manufacturing Co., Inc. "The acquisition of Etanco fortifies our footprint and expands our geographical reach in Europe, deepens Simpson's portfolio of solutions with new and existing customers, and allows us to enter into new commercial building markets and grow our direct sales activity across the region. Simpson Manufacturing Co., Inc., headquartered in Pleasanton, California, through its subsidiary, Simpson Strong-Tie Company Inc., designs, engineers and is a leading manufacturer of wood construction products, including connectors, truss plates, fastening systems, fasteners and shear walls, and concrete construction products, including adhesives, specialty chemicals, mechanical anchors, powder actuated tools and reinforcing fiber materials. The building materials company posted revenue of $553.7 million in the period. The Company would expect to scale its European net sales and operating income margin performance, resulting in an approximate 500 basis point increase in Europe operating income margins by 2025. Sales in North America jumped 29.3% to $437.8 million from $338.6 million, mostly due to product price increases throughout 2021 in an effort to . The Technical Outlook: Simpson Manufacturing Breaks Out To New Highs. To view these filings, visit the Investor Relations section of the Company's web site atir.simpsonmfg.com. Before the report, Simpson Manufacturing Company received a Long-Term Technical Rank by InvestorsObserver of 46, putting it in the bottom half of stocks. Machinery Manufacturing Aurora, IL 2,381 . SSD (Simpson Manufacturing Co) PB Ratio as of today (November 04, 2022) is 2.71. PLEASANTON, Calif., Dec. 29, 2021 /PRNewswire/ --. Get the latest business insights from Dun & Bradstreet. The dividend will be payable on January 26, 2023, to the Company's stockholders of record on January 5, 2023. Rights Agent. For the twelve months ended September 30, 2021, Etanco's net sales and operating income margin were approximately 258 million(2) (approximately $291 million(1)) and 19.7%(2), respectively. About Simpson Manufacturing Co., Inc. Simpson Manufacturing Co., Inc., headquartered in Pleasanton, California, through its subsidiary, Simpson Strong-Tie Company Inc., designs, engineers and is a leading manufacturer of wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and concrete construction products, including adhesives, specialty chemicals, mechanical anchors, powder actuated tools and reinforcing fiber materials. Elizabeth N. "Lizzy" Torma is an associate attorney in Burg Simpson's Personal Injury, Product Liability, and Commercial Litigation Departments. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company. The firm was recently trading at a 52-week low of $75.25 on October 13, 2022 and set a 52-week . At Simpson Strong-Tie, there's a common thread connecting the people who work here: the drive to make things better and figure out how to get it done. The Company's common stock trades on the New York Stock Exchange under the symbol "SSD.". You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Interest expense on the outstanding $250.0 million Revolving Credit Facility and Term Loans, which had initial borrowings of $450.0 million, is expected to be approximately $9.8 million, including the benefit from interest rate and cross currency swaps mitigating substantially all of the volatility from changes in interest rates. Los Angeles Capital Management LLC's holdings in Simpson Manufacturing were worth $6,373,000 [] Get the latest business insights from Dun & Bradstreet. Net income was $88.2 million, or $2.06 per diluted share of the Company's common stock, compared to net income of $73.8 million, or $1.70 per diluted share. A copy of this earnings release will be available prior to the call, accessible through the Investor Relations section of the Company's website atir.simpsonmfg.com. [1] The company subsequently moved to Pleasanton and went public in 1994.[1][2].
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