Simpson Manufacturing Co., Inc. Announces 2021 First Quarter Financial Results
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Simpson Manufacturing (SSD) Tops Q1 EPS by 27c, Revenues Beat
April 26, 2021 4:18 PM EDTSimpson Manufacturing (NYSE: SSD) reported Q1 EPS of $1.16, $0.27 better than the analyst estimate of $0.89. Revenue for the quarter came in at $347.6 million versus the consensus estimate of $313.83 million.
Management Commentary
"I am thrilled with our strong first quarter performance despite global macroeconomic turbulence stemming from the pandemic," commented Karen Colonias, President and Chief Executive Officer of Simpson Manufacturing Co., Inc. "Our net sales grew 22.6% year-over-year to $347.6 million on significantly higher sales volume driven by ongoing momentum in the home center distribution channel where sales increased over 60% year-over-year due to higher... More
