04:52 PM EDT, 07/22/2024 (MT Newswires) -- Simpson Manufacturing ( SSD ) reported Q2 earnings late Monday of $2.31 per diluted share, down from $2.50 a year earlier.

Three analysts polled by Capital IQ expected $2.48 per share.

Net sales for the quarter ended June 30 were $597 million, down from $597.6 million a year earlier. Three analysts surveyed by Capital IQ expected $607.9 million.

The company said it bought back 283,273 common shares in the open market at an average price of $176.51 per share, for a total of $50.0 million. As of June 30, about $50 million remains available for share buyback through Dec. 31 under its previously announced $100 million share repurchase plan.

Shares of Simpson Manufacturing ( SSD ) were down 7.7% in after-hours activity.

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