Simpson Manufacturing (SSD) Tops Q1 EPS by 21c, Revenues Beat; Withdraws FY20 Plan Targets & Financial Outlook
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Simpson Manufacturing Co., Inc. Announces 2020 First Quarter Financial Results and Business Update In Response To COVID-19
April 27, 2020 4:15 PM EDTPLEASANTON, Calif., April 27, 2020 /PRNewswire/ --
Net sales of $283.7 million increased 9.4% year-over-year on stronger sales volumes Strong gross margin of 45.7% improved 320 basis points year-over-year Operating profit of $49.4 million increased 64.4% year-over-year Diluted earnings per share of $0.83 increased 66.0% year-over-year Repurchased $62.7 million of the Company's common stock during the quarter Declared a $0.23 per share cash dividend Withdrawing 2020 Plan targets and financial outlook due to COVID-19Simpson Manufacturing Co., Inc. (the "Company") (NYSE: SSD), an industry... More
