Simpson Manufacturing Co., Inc.

Listed Company

SSDCIK 0000920371NYSELarge AcceleratedCutlery, Handtools & General HardwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$2.33B

Net Income

$345.08M

Total Assets

$3.07B

Equity

$2.03B

Shares Out

41.40M

Op. Cash Flow

$458.66M

Business

Simpson Manufacturing Co., Inc. designs, engineers and manufactures structural solutions for wood, concrete and steel connections used to build safer, stronger structures. It offers a broad range of products and services including connectors, truss plates, fasteners and screw systems for wood construction; anchors, adhesives, repair and strengthening materials for concrete and masonry; lateral-force resisting systems; and engineering, software and digital design tools. The company operates through North America, Europe and Asia/Pacific segments and includes subsidiaries such as Simpson Strong‑Tie and ETANCO. Products are sold through dealers, home centers, distributors, OEM relationships, wood component manufacturers and direct sales to contractors.

Summary from filing dated 2025-03-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	2,333	2,232	2,214	2,116	1,573
Cost of sales	1,263	1,208	1,172	1,175	818
Gross profit	1,070	1,024	1,042	941	755
Research and development and other engineering	82	82	86	68	59
Selling	223	214	204	169	135
General and administrative	322	293	272	228	193
Total operating expenses	627	589	562	466	388
Acquisition and integration related costs	1	6	5	17	0
Net gain on disposal of assets	−17	−447,000	−276,000	−1	−324,000
Income from operations	458	430	475	459	368
Interest income, net and other financing costs	8	5	3	−8	−1
Other & foreign exchange loss, net	−4	−1	−2	−3	−8
Income before taxes	−462	−434	−477	−448	−359
Provision for income taxes	117	112	123	114	92
Net income	345	322	354	334	266
Translation adjustment and other, net of tax	69	−37	20	−21	−7
Unamortized pension adjustments, net of tax	1	−2	73,000	2	404,000
Cash flow hedge adjustment, net of tax	−38	2	−26	32	−268,000
Comprehensive income	377	285	348	348	259
Earnings per share, basic (in shares)	8.27	7.64	8.31	7.78	6.15
Earnings per share, diluted (in shares)	8.24	7.6	8.26	7.76	6.12
Basic (in shares)	42	42	43	—	43
Diluted (in shares)	42	42	43	—	44

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	384	239	430	301	301
Trade accounts receivable, net	303	284	284	269	231
Inventories	594	593	552	557	444
Other current assets	71	59	47	53	23
Total current assets	1,353	1,176	1,312	1,179	999
Property, plant and equipment, net	628	532	419	362	260
Operating lease right-of-use assets	115	94	69	58	45
Goodwill	559	512	503	496	134
Intangible assets, net	388	375	365	363	26
Other noncurrent assets	32	47	37	47	20
Total assets	3,074	2,736	2,705	2,504	1,484
Trade accounts payable	91	101	108	98	57
Accrued liabilities and other current liabilities	275	243	231	228	187
Long-term Debt, Current Maturities	15	23	23	23	0
Total current liabilities	382	366	361	349	245
Long-term debt, net of current portion and issuance costs	356	363	459	555	0
Operating lease liabilities, net of current portion	97	76	55	47	37
Other long-term liabilities	100	90	51	28	18
Deferred Income Tax Liabilities, Net	104	28	98	113	—
Total liabilities	1,038	923	1,025	1,091	300
Commitments and contingencies (see Note 15)	—	—	—	—	—
Non-qualified deferred compensation plan share awards	6	8	0	—	—
Common stock	419,000	424,000	426,000	425,000	432,000
Additional paid-in capital	325	307	313	299	294
Retained earnings	1,843	1,647	1,427	1,118	907
Treasury stock	−121	−101	−50	0	0
"Common stock held in non-qualified deferred compensation plan (""DCP"")"	−3	−1	0	—	—
Accumulated other comprehensive loss	−15	−47	−10	−4	−18
Total stockholders equity	2,030	1,805	1,680	1,413	1,184
Total liabilities, mezzanine equity, and stockholders equity	3,074	2,736	2,705	2,504	1,484

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Gain on sale of assets and other	17	447,000	558,000	1	160,000
Write-off of equity investment & software development project	4	710,000	0	0	—
Depreciation and amortization	90	85	75	61	42
Noncash lease expense	21	17	14	11	10
Release of acquisition related tax and legal contingency	0	−2	0	0	—
Loss in equity method investment, before tax	−495,000	−740,000	−281,000	914,000	−2
Deferred income taxes	12	−4	−8	−13	−915,000
Noncash compensation related to stock plans and changes in the fair value of DCP	23	19	24	15	18
Provision for credit losses	2	115,000	730,000	1	393,000
Deferred hedge gain	−8	−3	−4	−3	0
Trade accounts receivable	−10	−4	−13	20	−68
Inventories	20	−50	16	−28	−164
Other current assets	−13	−13	734,000	−6	−2
Trade accounts payable	−7	−6	−3	−4	10
Accrued liabilities and other current liabilities	21	−8	−3	20	51
Other noncurrent assets and liabilities	−24	−17	−26	−20	−13
Net cash provided by operating activities	459	338	427	400	151
Capital expenditures	−161	−180	−89	−62	−44
Acquisitions, net of cash acquired (see Note 3)	−2	−79	−23	−811	−218,000
Purchases of equity investments	−2	−2	−1	−3	−10
Proceeds from sale of property and equipment	28	2	2	3	836,000
Proceeds from sale of a business	0	0	9	0	0
Net cash used in investing activities	−136	−259	−103	−870	−59
Proceeds from lines of credit	404	2	2	717	17
Repayments of line of credit	−419	−101	−99	−134	−16
Debt issuance costs	−2	0	0	−7	−819,000
Repurchase of common stock	−120	−100	−50	−79	−24
Issuance of Companys common stock	4	0	0	—	—
Dividends paid	−48	−47	−45	−44	−42
Cash paid on behalf of employees for shares withheld	−5	−8	−7	−10	−5
Acquisition of redeemable noncontrolling interests	−116,000	−9	0	0	—
Net cash used in financing activities	−186	−261	−199	466	−72
Effect of exchange rate changes on cash	8	−8	4	4	6
Net increase (decrease) in cash and cash equivalents	145	−190	129	−413,000	27
Interest	12	13	16	17	2
Income taxes, net of refunds received	113	118	123	113	84
Noncash capital expenditures	4	12	11	2	99,000
Issuance of Companys common stock for compensation	4	0	2	960,000	691,000

Filings

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