Simpson Manufacturing Co., Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 24, 2023 at 04:15 pm EDT
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Simpson Manufacturing Co., Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 597.58 million compared to USD 593.23 million a year ago. Net income was USD 107.21 million compared to USD 93.57 million a year ago. Basic earnings per share from continuing operations was USD 2.51 compared to USD 2.17 a year ago. Diluted earnings per share from continuing operations was USD 2.5 compared to USD 2.16 a year ago.
For the six months, sales was USD 1,132.01 million compared to USD 1,086.8 million a year ago. Net income was USD 195.16 million compared to USD 188.15 million a year ago. Basic earnings per share from continuing operations was USD 4.58 compared to USD 4.36 a year ago. Diluted earnings per share from continuing operations was USD 4.55 compared to USD 4.34 a year ago.
Simpson Manufacturing Co., Inc., through its subsidiary, Simpson Strong-Tie Company Inc. designs, engineers and manufactures structural solutions for wood, concrete, and steel connections. Its wood construction products include connectors, truss plates, fastening systems, fasteners and shearwalls, and concrete construction products. Its wood construction products are used in light-frame building applications. Its concrete construction products include adhesives, chemicals, mechanical anchors, carbide drill bits, fiber reinforced materials and other repair products used for protection and strengthening structures. Its concrete construction products are used in concrete, masonry and steel construction. It markets its products to the residential construction, light industrial and commercial construction, remodeling and do-it-yourself markets. It also operates as designer and manufacturer and distributor of fixing and fastening solutions for the European building and construction market.
SIMPSON MANUFACTURING CO., INC. 
