Simpson Manufacturing Co., Inc.
- Open
- 181.05
- Day high
- 182.75
- Day low
- 180.00
- Prev close
- 182.07
- Volume
- 250K
- Mkt cap
- $7.5B
- P/E (TTM)
- 19.9
- EPS (TTM)
- $9.19
- P/B
- 3.5
- P/S
- 3.1
- Yield
- 0.32%
- Per share
- $0.59
- ▼Insiders net selling -$156K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions mixed (13F)
Simpson Manufacturing Co., Inc. (SSD) is a Industrials company listed on NYSE. The stock is down 3% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4). Drillr has 1 published research article covering SSD.
Simpson Manufacturing Co., Inc. (SSD) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SSD earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 27, 2026 | $2.72 | $3.09 | +13.6% | $671M | +1.9% |
| Apr 27, 2026 | $1.82 | $2.13 | +17.0% | $588M | +6.9% |
| Oct 21, 2024 | $2.38 | $2.21 | -7.1% | $587M | +17.8% |
| Jul 22, 2024 | $2.44 | $2.31 | -5.3% | $597M | -1.3% |
| Jul 24, 2023 | $2.05 | $2.50 | +22.0% | $598M | +7.8% |
| Feb 6, 2023 | $1.03 | $1.35 | +31.1% | $476M | -0.0% |
| Jul 25, 2022 | $1.99 | $2.16 | +8.5% | $593M | +2.3% |
| Feb 7, 2022 | $0.95 | $1.61 | +69.5% | $419M | +12.0% |
| Feb 8, 2021 | $0.66 | $0.68 | +3.0% | $294M | +6.5% |
| Jul 27, 2020 | $0.55 | $1.22 | +121.8% | $326M | +23.5% |
| Apr 27, 2020 | $0.62 | $0.83 | +33.9% | $284M | +33.9% |
| Feb 3, 2020 | $0.57 | $0.63 | +10.5% | $263M | +10.5% |
SSD insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 5, 2026 | ANDRASICK JAMES Sdirector | Sell | 800 | $195.62 |
| May 8, 2026 | Drake Angela Cdirector | Grant | 678 | — |
| May 8, 2026 | ANDRASICK JAMES Sdirector | Grant | 678 | — |
| May 8, 2026 | Knight Kenneth D.director | Grant | 678 | — |
| May 8, 2026 | Donaldson Philip Edirector | Grant | 929 | — |
| May 8, 2026 | Coney Felicadirector | Grant | 678 | — |
| May 8, 2026 | FORD CELESTE VOLZdirector | Grant | 678 | — |
| May 8, 2026 | Banks Chaudirector | Grant | 678 | — |
| Feb 18, 2026 | Burton Phillipofficer: EVP, North America | Tax | 344 | $209.01 |
| Feb 18, 2026 | Dunn Mattofficer: Chief Financial Officer | Tax | 185 | $209.01 |
| Feb 18, 2026 | Gilstrap Jeremyofficer: EVP, Innovation | Tax | 418 | $209.01 |
| Feb 18, 2026 | Andersen Michaelofficer: EVP, Europe | Grant | 3,624 | — |
| Feb 18, 2026 | Olosky Michaeldirector, officer: President and CEO | Grant | 17,140 | — |
| Feb 18, 2026 | Olosky Michaeldirector, officer: President and CEO | Tax | 1,582 | $209.01 |
| Feb 18, 2026 | Payton Cassandraofficer: EVP, General Counsel | Tax | 749 | $209.01 |
Source: SSD SEC Form 4 filings, latest Aug 5, 2026. For informational purposes only — not investment advice.
See the full SSD insider & 13F page →Simpson Manufacturing Co., Inc. company profile
Overview
Simpson Manufacturing Co., Inc. (NYSE:SSD) is a leading manufacturer of engineered structural connectors and building solutions founded in 1956 and headquartered in Pleasanton, California. The company went public in 1994 and has grown from a small connector manufacturer into a global leader in structural building products, serving construction markets across North America, Europe, and Asia-Pacific. Simpson has built its reputation on engineering excellence and innovation in wood and concrete construction products, consistently outperforming broader construction market trends through strategic investments in technology, manufacturing capacity, and customer relationships.
Business
Simpson Manufacturing operates in the construction products industry, specifically designing and manufacturing structural connectors and fastening systems that hold buildings together. The company's products are the often-unseen but critical components that connect wood beams, secure concrete structures, and ensure buildings can withstand earthquakes, wind loads, and other structural stresses. The company operates through two primary business segments. Wood construction products represent approximately 85% of total sales and include connectors, truss plates, fastening systems, and pre-fabricated lateral systems used primarily in light-frame residential and commercial construction. These products are essentially the metal brackets, plates, and specialized fasteners that connect wooden structural elements like beams, joists, and trusses. Concrete construction products account for about 15% of sales and comprise adhesives, mechanical anchors, specialty chemicals, and repair products used in concrete, masonry, and steel construction applications. Geographically, Simpson generates approximately 78% of its revenue from North America (primarily the United States) and 22% from Europe, following the 2021 acquisition of ETANCO Group, a French manufacturer of building envelope solutions. The company serves five distinct end-use markets: residential construction, light industrial and commercial construction, original equipment manufacturers (OEMs), national retail chains, and component manufacturers who build pre-fabricated structural elements.
Revenue model
Simpson generates revenue primarily through direct product sales to a diverse customer base including lumber dealers, home centers, contractors, engineers, and building component manufacturers. The company operates on a traditional manufacturing business model where it designs, manufactures, and sells physical products with pricing that reflects both material costs and significant engineering value-add. The company's customers pay for Simpson's products because they provide engineered solutions that ensure structural integrity and building code compliance. Many of Simpson's products are specified by engineers and architects in building plans, creating demand that flows through the construction supply chain. The company also provides engineering services, design software, and technical support that help customers properly specify and install products, adding service revenue alongside product sales. Simpson's profitability is influenced by several key factors. Steel and raw material costs directly impact gross margins, as steel comprises a significant portion of product costs. The company has historically managed this through strategic pricing adjustments, most recently implementing an 8% price increase in 2025. Housing market activity drives volume demand, though Simpson has consistently grown faster than overall housing starts through market share gains. Labor costs and manufacturing efficiency affect margins, particularly as the company expands manufacturing capacity in Ohio and Tennessee. Construction code changes and seismic requirements can drive increased product adoption, while competitive pricing pressure from alternative fastening solutions or lower-cost competitors can compress margins. The company's focus on engineered, code-compliant solutions and strong customer relationships help maintain pricing power relative to commodity fastener suppliers.
Competitive moat
Simpson Manufacturing possesses a moderately strong competitive moat built primarily on engineering expertise, regulatory compliance, and customer relationships. The company's products must meet strict building codes and engineering specifications, creating significant barriers for new entrants who lack the technical knowledge, testing capabilities, and regulatory approvals required in the structural connector market. The company's engineering and testing capabilities represent a key competitive advantage. Simpson maintains extensive testing facilities and employs structural engineers who develop products that meet evolving building codes, particularly seismic and wind load requirements. This technical expertise is difficult to replicate and creates customer dependence on Simpson's solutions for code compliance. Additionally, the company's products are often specified in architectural and engineering drawings, creating demand that flows through the construction supply chain regardless of contractor preferences. Switching costs provide another layer of protection, as contractors and component manufacturers invest time in learning how to properly install Simpson's products and integrate them into their workflows. The company's software solutions and technical support further embed Simpson into customer operations. Brand recognition among engineers, contractors, and building officials also creates preference for Simpson products in safety-critical applications. However, Simpson faces potential disruption from alternative building methods such as mass timber construction, steel framing, or prefabricated construction systems that might reduce demand for traditional wood connectors. Consolidation among building product manufacturers could create larger competitors with greater resources for product development and market penetration. Additionally, the company's dependence on North American housing markets creates vulnerability to prolonged construction downturns, though Simpson has historically outperformed market declines through share gains.
Risks & safety
Simpson Manufacturing demonstrates strong financial stability with minimal solvency risk and conservative capital structure. • Cash and liquidity: $150.3 million in cash and short-term investments as of Q1 2025, with strong free cash flow generation of $157.8 million in 2024 • Debt levels: Debt-to-equity ratio of 0.25, indicating conservative leverage with manageable debt service requirements • Current ratio: 3.18, showing strong ability to meet short-term obligations • Cash flow: Positive operating cash flow of $338.2 million in 2024, though Q1 2025 showed temporary negative free cash flow of -$42.6 million due to working capital investments • Valuation metrics: Trading at 21.1x P/E ratio and 14.2x EV/EBITDA, representing reasonable but not cheap valuations for a quality industrial company • Profitability: Consistent operating margins around 19-20% with ROE of 17.8% in 2024 • Other considerations: Strong balance sheet provides flexibility for acquisitions and capacity expansion, though cyclical exposure to housing markets creates earnings volatility risk
Recent development
Over the past few years, Simpson has pursued several key strategic initiatives focused on capacity expansion, digital solutions, and selective acquisitions. The company has invested heavily in manufacturing capacity with major facility expansions in Columbus, Ohio and construction of a new fastener facility in Gallatin, Tennessee, positioning for future growth and improved customer service through enhanced distribution capabilities. On the technology front, Simpson has made strategic acquisitions including Calculated Structured Designs (software company) and is developing integrated software solutions for component manufacturers covering truss, wall, and floor panel design. The company hired a new Chief Technology Officer and continues investing in digital tools that help customers specify and use Simpson products more effectively. The company completed the acquisition of ETANCO Group in 2021, expanding its European presence significantly, and more recently acquired Monet DeSauw (saw manufacturing) and QuickFrames (structural roof frames) to broaden its product portfolio and manufacturing capabilities. These acquisitions align with Simpson's strategy to expand beyond traditional connectors into adjacent building solution areas. Simpson has also strengthened its organizational capabilities by enhancing its senior leadership team and appointing Angela Drake as an independent director. The company published its first Corporate Social Responsibility Report, reflecting increased focus on ESG considerations. Throughout this expansion phase, Simpson has maintained its commitment to returning 35% of free cash flow to shareholders while targeting operating margins at or above 20% and continuing to outperform housing market growth through market share gains.
SSD company profile · for informational purposes only — not investment advice.
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