Simpson Manufacturing Co (SSD) Releases Earnings Results, Beats Expectations By $0.07 EPS

Simpson Manufacturing Co (SSD) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $0.34 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.27. The company posted revenue of $199.50 million in the period, compared to analysts expectations of $186.74 million. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Simpson Manufacturing Co opened for trading at $38.1 and hit $38.54 on the upside on Monday, eventually ending the session at $38.52, with a gain of 0.23% or 0.09 points. The heightened volatility saw the trading volume jump to 65,446 shares. Company has a market cap of $1,860 M.

In a different news, on Sep 14, 2015, Thomas J Fitzmyers (Vice Chairman of the Board) sold 6,195 shares at $34.95 per share price. According to the SEC, on Aug 20, 2015, Jeffrey Eric Mackenzie (Vice President) sold 7,000 shares at $36.83 per share price.

Simpson Manufacturing Co. Inc. through its subsidiary Simpson Strong-Tie Company Inc. (SST) designs engineers and manufactures wood construction products including connectors truss plates fastening systems fasteners and lateral systems used in light-frame construction. The Company also offers concrete construction products used for concrete masonry steel and for concrete repair protection and strengthening including adhesives chemicals mechanical anchors carbide drill bits powder actuated tools and fiber reinforced materials. The Company operates in three segments: North America Europe and Asia/Pacific. The North America segment includes operations in the United States and Canada. The Europe segment includes operations in France the United Kingdom Germany Denmark Switzerland Portugal and Poland. The Asia/Pacific segment includes operations in China Hong Kong Thailand Australia New Zealand South Africa and the Middle East.

Simpson Manufacturing Co

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