Overview * Simpson Manufacturing Q3 net sales rose 6.2%, beating analyst expectations * Net income per diluted share increased 16.7% year-over-year * Company increased 2025 share repurchase authorization to $120 mln Outlook * Simpson Manufacturing expects 2025 operating margin between 19.0% and 20.0% * Company estimates 2025 effective tax rate between 25.5% and 26.5% * Capital expenditures for 2025 estimated at $150.0 mln to $160.0 mln Result Drivers * PRICING AND FX – Pricing actions and foreign exchange benefits contributed to 6.2% net sales growth, despite housing market challenges * NORTH AMERICA SALES – North America sales increased 4.8% due to price hikes and acquisitions, partially offset by lower volumes * COST SAVINGS INITIATIVES – Strategic cost savings initiatives expected to ge
Simpson Manufacturing beats Q3 sales estimates
The Sunday Guardian2 hrs ago
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