SIMPSON MANUFACTURING Reports Second Quarter Earnings Results for FY2023 on July 24
August 9, 2023
🌥️Earnings Overview
On July 24, 2023, SIMPSON MANUFACTURING ($NYSE:SSD) announced their second quarter FY2023 earnings results for the period ending June 30, 2023. Total revenue for the quarter was USD 597.6 million, an increase of 0.7% year-on-year. Net income for the quarter rose 14.6%, reaching USD 107.2 million.
Stock Price
After the results were released, the company’s stock opened at $149.2 and closed at $149.8, showing a 0.3% increase from its prior closing price of $149.4. This marked a positive trend for the company and investors. Overall, the second quarter earnings results for SIMPSON MANUFACTURING was encouraging considering the challenging economic environment. With its strong financial position and positive performance, the company is well positioned to continue to grow in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Simpson Manufacturing. More…
| Total Revenues | Net Income | Net Margin |
| 2.16k | 341.01 | 16.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Simpson Manufacturing. More…
| Operations | Investing | Financing |
| 358.1 | -870.24 | 465.53 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Simpson Manufacturing. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.72k | 1.14k | 34.86 |
Key Ratios Snapshot
Some of the financial key ratios for Simpson Manufacturing are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.3% | 30.4% | 21.4% |
| FCF Margin | ROE | ROA |
| 13.4% | 19.5% | 10.7% |
Analysis
At GoodWhale, we specialize in providing a wide range of analysis services for businesses and investors. We recently had the opportunity to analyze the financials of SIMPSON MANUFACTURING. After our extensive review, we have concluded that SIMPSON MANUFACTURING is a medium risk investment in terms of financial and business aspects. We detected three risk warnings in the balance sheet, cash flow statement, and financial journal that warrant further investigation. We encourage our registered users to take a look and assess the potential matters for themselves. Our aim is to provide an accurate and unbiased assessment of any company’s financial records. We are confident that our analysis of SIMPSON MANUFACTURING is comprehensive and reliable. 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. Inc. reported strong financial results for the second quarter of FY2023, with total revenue of USD 597.6 million and net income of USD 107.2 million. This represents a 0.7% increase in revenue and a 14.6% increase in net income compared to the same quarter last year. These impressive results demonstrate the company’s strength and suggest that investing in Simpson Manufacturing could be a smart move for potential stockholders. Looking ahead, Simpson Manufacturing appears to be on track for continued growth and stability in the coming quarters.
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