Simpson Manufacturing (SSD) Tops Q2 EPS by 3c, Beats on Revenues

Simpson Manufacturing (NYSE: SSD) reported Q2 EPS of $0.59, $0.03 better than the analyst estimate of $0.56. Revenue for the quarter came in at $263 million versus the consensus estimate of $256.85 million.

Second quarter highlights

• Consolidated net sales of $263.0 million increased 14% year-over-year
• Diluted earnings per share of $0.59 per share increased 9% year-over-year
• Declared quarterly cash dividend of $0.21 per share

Business Outlook

The Company is currently uncertain whether the market price for steel will remain stable during the third quarter of 2017.

Subject to changing economic conditions, future events and circumstances, the Company is reiterating its outlook for gross profit margin to be in the range of 45% to 46% for the full year ending December 31, 2017.

For earnings history and earnings-related data on Simpson Manufacturing (SSD) click here.

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