Overview

* Simpson Manufacturing ( SSD ) Q2 net sales rise 5.7% yr/yr, beating analyst expectations, per LSEG data

* Net income per diluted share increases 6.9% yr/yr to $2.47

* Co repurchased $35 mln of common stock during the quarter

Outlook

* Simpson Manufacturing ( SSD ) reaffirms 2025 guidance

* Company estimates 2025 operating margin between 18.5% and 20.5%

* Simpson Manufacturing ( SSD ) sees effective tax rate of 25.5% to 26.5%

* Capital expenditures projected at $140 mln to $160 mln for 2025

Result Drivers

* PRICE INCREASES - North America sales growth driven by recent price increases and acquisitions

* CURRENCY TRANSLATION - European sales benefited from favorable currency translation

* COST MANAGEMENT - Operating margin expansion in Europe due to disciplined cost management

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $631.06 $599.40

mln mln (3

Analysts

)

Q2 EPS $2.47

Q2 Net $103.54

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the construction supplies & fixtures peer group is "buy"

* Wall Street's median 12-month price target for Simpson Manufacturing Co Inc ( SSD ) is $182.00, about 9% above its July 25 closing price of $165.66

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)