Simpson Manufacturing Co., Inc. Announces 2020 Third Quarter Financial Results
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Simpson Manufacturing (SSD) Tops Q3 EPS by 59c, Revenues Beat
October 26, 2020 4:18 PM EDTSimpson Manufacturing (NYSE: SSD) reported Q3 EPS of $1.54, $0.59 better than the analyst estimate of $0.95. Revenue for the quarter came in at $364.3 million versus the consensus estimate of $312.4 million.
Net sales of $364.3 million increased 17.5% year-over-yearStrong gross margin of 47.6% improved 3.2% year-over-yearIncome from operations of $91.3 million increased 49.8% year-over-year, operating margin of 25.1% increased 5.4% year-over-yearDiluted earnings per share of $1.54 increased 58.8% year-over-yearUpdating full year 2020 financial guidance on improved demand outlookDeclared a $0.23 per share cash dividendManagement Commentary
"We delivered strong third quarter results with our sales increasing 17.5% year-over-year and 11.7% quarter-over-quarter to $364.3 million... More
