Simpson Manufacturing Q2 profit falls 8.9% as sales hold flat at $597.0 million
Simpson Manufacturing reported second-quarter 2024 results on July 22, 2024. Net sales were essentially flat at $597.0 million, but income from operations fell 8.9% to $132.2 million and diluted earnings per share were $2.31, down from $2.50. The company also updated its full-year 2024 outlook, which for operating margin now calls for 20.0% to 21.0%, so shareholders face lower profit in the period despite stable sales.
Key points
- Net sales of $597.0 million, down 0.1% from $597.6 million a year earlier
- Income from operations of $132.2 million, down 8.9% from $145.0 million; operating margin 22.1% versus 24.3%
- Net income of $97.8 million, or $2.31 per diluted share, versus $107.2 million, or $2.50 per diluted share
- Updated 2024 outlook: operating margin of 20.0% to 21.0% and capital expenditures of $180.0 million to $190.0 million
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 22, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.