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Simpson Manufacturing Co Inc (SSD.N)

SSD.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Simpson Manufacturing Q3 earnings per share $0.59
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Simpson Manufacturing Co Inc ::Simpson Manufacturing Co., Inc Provides strategic update and announces third quarter 2017 financial results.Q3 sales $262.5 million versus i/b/e/s view $261.3 million.Q3 earnings per share $0.59.Q3 earnings per share view $0.61 -- Thomson Reuters I/B/E/S.Simpson Manufacturing - expects to achieve organically net sales CAGR of about 8% from $860.7 million reported in fiscal 2016 through fiscal 2020​.Simpson Manufacturing - ‍seeks to reduce total operating expenses as percent of net sales from 31.8% in fiscal 2016 to 26-27% by fiscal 2020​.Simpson Manufacturing - ‍seeks to improve consolidated income from operations as percent of net sales to about 21% to 22% by fiscal 2020​.Simpson Manufacturing - committed to continue returning 50% of cash flow from operations to shareholders through fiscal 2020​.Simpson Manufacturing co inc - ‍q3 consolidated net sales of $262.5 million increased 14% compared to $231.0 million​.Simpson Manufacturing co inc qtrly ‍shr $1.66​.Simpson Manufacturing - ‍reiterating outlook for gross profit margin to be in range of 45% to 46% for fiscal year ending dec. 31, 2017​.  Full Article

Simpson Manufacturing announces capital allocation strategy update
Wednesday, 24 Aug 2016 

Simpson Manufacturing Co Inc : Simpson Manufacturing Co Inc announces capital allocation strategy update . Company currently expects to execute a $50 million ASR program by end of 2016 and has begun work on that initiative . Established current target capital return to shareholders of 50 percent of cash flows from operations through both dividends and repurchases . Board replaced $50 million buyback with a $125 million share repurchase authorization that expires on December 31, 2017 .Board authorized co to execute one or more accelerated share repurchase programs at any time or times before December 31, 2017.  Full Article

Simpson Manufacturing entered into second amendment to credit agreement
Thursday, 28 Jul 2016 

Simpson Manufacturing Co Inc : Amendment extends term of credit agreement from july 27, 2017, to July 23, 2021 . Amendment changes a financial ratio in credit agreement, maximum consolidated leverage ratio . On July 25 co entered into a second amendment to unsecured credit agreement dated July 27, 2012 - SEC filing .Is required to pay an annual facility fee of 0.15 to 0.30 percent on available commitments under credit agreement.  Full Article

Simpson Manufacturing Q2 earnings per share $0.54
Thursday, 28 Jul 2016 

Simpson Manufacturing Co Inc : Q2 revenue view $227.1 million -- Thomson Reuters I/B/E/S . Simpson Manufacturing Announces second quarter results . Q2 earnings per share $0.54 . Q2 earnings per share view $0.49 -- Thomson Reuters I/B/E/S .Net sales increased 6% to $230.0 million from $216.7 million last year.  Full Article

BRIEF-Simpson Manufacturing Reports Q4 EPS $0.27