Quarterly ResultApr 27, 2026, 04:24 PM
SSD Q1 Net Sales +9.1% to $588M; EPS $2.13; Reaffirms 2026 Guidance
AI Summary
Simpson Manufacturing Co., Inc. reported strong first-quarter 2026 financial results, with net sales increasing 9.1% to $588.0 million and diluted EPS rising 15.1% to $2.13. The company repurchased $50.0 million of common stock during the quarter and reaffirmed its full-year 2026 financial outlook, including an operating margin range of 19.5% to 20.5%. Management noted sales growth was primarily driven by pricing actions and foreign exchange, partially offset by lower volumes, and expects revenue growth to moderate throughout the remainder of 2026.
Key Highlights
- Net sales increased 9.1% year-over-year to $588.0 million.
- Net income per diluted share rose 15.1% year-over-year to $2.13.
- Income from operations grew 12.0% to $114.6 million, with operating margin at 19.5%.
- Repurchased $50.0 million of common stock, with $100.0 million remaining for buybacks.
- North America segment net sales increased 9.8% to $461.9 million.
- Europe segment net sales increased 6.3% to $121.0 million.
- Reaffirmed 2026 consolidated operating margin guidance of 19.5% to 20.5%.
- Cash flow from operating activities increased by $28.3 million to $35.9 million.