Simpson Manufacturing Q3 sales rise 1.2%, operating income falls 11%, outlook revised
Simpson Manufacturing reported third-quarter 2024 net sales of $587.2 million, up 1.2% year over year, but income from operations fell 11.0% to $124.9 million and diluted earnings per share fell to $2.21 from $2.43. The company revised its full-year 2024 outlook, citing reduced housing start expectations, and now expects an operating margin of 19.0% to 19.5%. Management said overall profitability is below its expectations and it is working to align costs with market conditions.
Key points
- Q3 net sales $587.2 million, up 1.2%; operating margin 21.3% versus 24.2% a year earlier
- Net income $93.5 million, down 10.1%; diluted EPS $2.21 versus $2.43
- 2024 outlook: operating margin 19.0% to 19.5%; capital expenditures $175.0 million to $185.0 million
- Management expects U.S. housing starts down in the low single-digit range in 2024
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing 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 October 21, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.