Simpson Manufacturing Q3 sales beat estimates, aided by pricing actions
SSD•Simpson Manufacturing's third-quarter sales rose 2.3% year over year to $638.13 million, beating the $625.39 million analyst estimate, with growth supported by pricing actions. The company expects a 2026 operating margin of 20.0% to 20.5% and approved a new $1 billion stock buyback.
1. Sales and margins
Third-quarter sales were $638.13 million, compared with the $625.39 million consensus estimate. Simpson Manufacturing said pricing actions supported sales growth while global volumes remained relatively flat. Gross margin declined as material, labor and freight costs rose as a percentage of net sales, while disciplined cost management helped support operating margin despite higher steel costs.
2. Outlook and buyback
Simpson Manufacturing expects a 2026 operating margin of 20.0% to 20.5%, an effective tax rate of 25.0% to 26.0%, and capital expenditures of $80 million to $90 million. It repurchased $66.3 million in stock and approved a new $1 billion buyback.
