Yahoo Finance Simpson Manufacturing Third Quarter 2022 Earnings: Beats Expectations
Simpson Manufacturing (NYSE:SSD) Third Quarter 2022 Results
Key Financial Results
Revenue: US$553.7m (up 40% from 3Q 2021).
Net income: US$88.2m (up 20% from 3Q 2021).
Profit margin: 16% (down from 19% in 3Q 2021). The decrease in margin was driven by higher expenses.
EPS: US$2.06 (up from US$1.71 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Simpson Manufacturing Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 36%.
Looking ahead, revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Building industry in the US are expected to grow by 3.5%.
Performance of the American Building industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Simpson Manufacturing that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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