Simpson Manufacturing Co (SSD) Releases Earnings Results, Beats Expectations By $0.05 EPS

Simpson Manufacturing Co (SSD) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.54 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.49. The company posted revenue of $230.00 million in the period, compared to analysts expectations of $227.12 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Simpson Manufacturing Co closed down -0.01 points or -0.02% at $41.54 with 97,990 shares getting traded on Thursday. Post opening the session at $41.39, the shares hit an intraday low of $41.2 and an intraday high of $41.71 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Apr 28, 2016, Sunny H Leung (Vice President) sold 988 shares at $38.75 per share price. According to the SEC, on Sep 14, 2015, Thomas J Fitzmyers (Vice Chairman of the Board) sold 6,195 shares at $34.95 per share price. On Aug 20, 2015, Jeffrey Eric Mackenzie (Vice President) sold 7,000 shares at $36.83 per share price, according to the Form-4 filing with the securities and exchange commission.

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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