Simpson Manufacturing Co. Gears Up for Earnings Preview

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Simpson Manufacturing ($NYSE:SSD) Co. is gearing up for the upcoming earnings preview and investors are eagerly awaiting the results. With a strong presence in the US, Europe, Asia, and Australia, Simpson Manufacturing has continued to expand its market share by introducing innovative products that meet their customers’ needs. The company’s success is partly due to its commitment to quality products and superior customer service. The company has consistently invested in research and development to stay ahead of competition and has been able to remain competitive in its industry. Simpson Manufacturing also implements advanced technologies to ensure that its products are of the highest quality and to support its global presence.

The company has also developed an extensive and diverse customer base, which helps maintain its brand loyalty and customer satisfaction. With the upcoming earnings preview, investors will be able to get a better picture of how Simpson Manufacturing Co has been performing and how it may continue to do so in the future. This will allow them to make informed decisions when they decide to buy or sell the company’s stock.

Earnings

SIMPSON MANUFACTURING Co. is gearing up for its earning report of fiscal year 2023 Q1 as of March 31 2021. The company has reported a total revenue of 347.64M USD and a net income of 50.39M USD. These figures represent a 29.6% decrease in total revenue and a 46.7% decrease in net income compared to the previous year.

Despite the decline in the latest quarter, SIMPSON MANUFACTURING’s total revenue has risen from 347.64M USD to 534.43M USD in the last 3 years. This earnings report will provide investors with much-needed insight into the company’s performance and future prospects.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Simpson Manufacturing. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Simpson Manufacturing. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Simpson Manufacturing. More…

Key Ratios Snapshot

Some of the financial key ratios for Simpson Manufacturing are shown below. More…

Price History

Friday was a volatile day for Simpson Manufacturing Co. (SIMPSON MANUFACTURING) stock as it opened at $151.3 and closed at $149.4, down 0.8% from its previous closing price of $150.6. Investors are keenly awaiting the release of SIMPSON MANUFACTURING’s earnings preview, which is expected to provide insight into the company’s financial performance and prospects for the future. With the stock’s performance on Friday, investors will be watching to see if SIMPSON MANUFACTURING can continue its upward momentum or if it will be affected by the current market conditions. Live Quote…

Analysis

At GoodWhale, we analyze the wellbeing of SIMPSON MANUFACTURING and our Star Chart reveals that it is strong in dividend, growth, profitability, and medium in asset. With a high health score of 9/10 considering its cashflows and debt, SIMPSON MANUFACTURING is capable to pay off debt and fund future operations. Furthermore, SIMPSON MANUFACTURING is classified as ‘gorilla’, which means that the company has achieved stable and high revenue or earning growth mainly due to its strong competitive advantage. Therefore, SIMPSON MANUFACTURING is likely to be of interest to investors looking for a stable and long-term investment opportunity. Investors who are looking for investment opportunities with potential for high returns are also likely to be attracted to SIMPSON MANUFACTURING due to its strong financials and high health score. More…

Peers

Simpson Manufacturing Co Inc is one of the largest manufacturers of building materials in the United States. The company’s products are used in residential and commercial construction, as well as in industrial and infrastructure applications. Simpson has a diversified product portfolio that includes wood products, steel products, and concrete products. The company’s products are sold through a network of distributors and retailers. Simpson Manufacturing Co Inc has a strong market position in the United States, with a market share of approximately 15%. Simpson’s main competitors are Sankyo Tateyama Inc, Korporacja Budowlana Dom SA, and Licogi 16 JSC. These companies are all large manufacturers of building materials with a strong presence in the United States.

– Sankyo Tateyama Inc ($TSE:5932)

Sankyo Tateyama Inc is a Japanese company that manufactures and sells pharmaceuticals and medical devices. The company has a market capitalization of 16.87 billion as of 2022 and a return on equity of 0.94%. Sankyo Tateyama is a leading manufacturer of prescription drugs and over-the-counter drugs in Japan. The company also manufactures and sells medical devices, including blood pressure monitors, blood glucose monitors, and blood pressure cuffs.

– Korporacja Budowlana Dom SA ($LTS:0LZA)

Korporacja Budowlana Dom SA is a construction company that operates in Poland. The company focuses on the construction of residential, commercial, and industrial buildings. As of 2022, the company has a market cap of 2.65M and a ROE of 4.11%.

Summary

Simpson Manufacturing Co. is set to report its latest earnings and investors are eagerly awaiting the results. Operating margins are also expected to improve, as cost reduction initiatives and operational efficiencies are expected to offset higher raw material costs. Investors will be watching closely to see if Simpson is able to deliver on its guidance, and if any adjustments are made to their outlook for the rest of the year. Analysts will also be monitoring the company’s balance sheet, as any changes in leverage could signal a shift in their risk appetite.

Additionally, investors will be looking at any other areas of concern that could impact the stock’s performance. Ultimately, it is hoped that Simpson can continue its momentum and deliver on its promise of long-term growth.