Simpson Manufacturing Company, Inc. (NYSE:SSD) is reporting second quarter financial results on Monday 27th July 2020, after market close.
According to analysts surveyed by Thomson Reuters, SSD is expected to report 2Q20 income of $ 0.55 per share from revenue of $ 251.94 million.
For the full year, analysts anticipate top line of $ 1051.37 million, while looking forward to income of $ 2.50 per share bottom line.
Previous Quarter Performance
Simpson Manufacturing Company, Inc. unveiled income for the first quarter of $ 0.83 per share, from the revenue of $ 283.67 million. The quarterly earnings expanded 66.00 percent while revenues raised 10.90 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.62 per share from $ 274.81 million in revenue. The bottom line results beat street analysts by $ 0.21 or 33.87 percent, at the same time, top line results outshined analysts by $ 8.86 million or 3.22 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SSD was $ 90.64, representing a 92.77 % increase from the 52 week low of $ 47.02 and a 5.24 % decrease over the 52 week high of $ 95.65.
The company has a market capital of $ 3.94 billion and is part of the Industrials sector and Tools & Accessories industry.
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Recent Stock Dividend Announcement
On April 23, 2020, the board of directors authorized quarterly dividend of $ 0.23 per share to holders of record as of the close of business on July 2, 2020, with payment date of July 23, 2020 and ex-dividend date on July 1, 2020.
Conference Call
Simpson Manufacturing Company, Inc. will be hosting a conference call at 5:00 PM eastern time on 27th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.simpsonmfg.com
Simpson Manufacturing Co., Inc., through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, shearwalls, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications, which include grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products. It also provides connectors for cross laminated timber, mid-rise steel construction, wood framing, decking, and cold formed steel applications; fasteners, which include various nails, and screws and staples for decking, subfloors, drywall, and roofing applications; and fiber reinforced cementitious mortar products.
