SIMPSON MANUFACTURING CO., INC. ANNOUNCES 2025 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS; PROVIDES 2026 OUTLOOK
2025 Fourth Quarter Highlights
2025 Full Year Highlights
PLEASANTON, Calif., Feb. 9, 2026 /PRNewswire/ -- Simpson Manufacturing Co., Inc. (the "Company") (NYSE: SSD), an industry leader in engineered structural connectors and building solutions, today announced its financial results for the fourth quarter and full year of 2025. All comparisons below (which are generally indicated by words such as "increased," "decreased," "remained," or "compared to"), unless otherwise noted, are comparing the quarter ended December 31, 2025 with the quarter ended December 31, 2024 or the fiscal year ended December 31, 2025 with the fiscal year ended December 31, 2024.
Consolidated 2025 Highlights
Three Months Ended,
Quarter-Over-
Twelve Months Ended,
Year-Over-
December 31,
Quarter
December 31,
Year
2025
2024
Change
2025
2024
Change
(In thousands, except per share data and percentages)
(In thousands, except per share data and percentages)
Net sales
$ 539,345
$ 517,429
4.2 %
$ 2,332,808
$ 2,232,139
4.5 %
Gross profit
235,073
227,236
3.4 %
1,069,605
1,023,888
4.5 %
Gross profit margin
43.6 %
43.9 %
45.9 %
45.9 %
Total operating expenses
161,839
149,552
8.2 %
626,977
588,547
6.5 %
Income from operations
74,759
76,849
(2.7) %
458,065
429,975
6.5 %
Operating income margin
13.9 %
14.9 %
19.6 %
19.3 %
Net income
$ 56,214
$ 55,458
1.4 %
$ 345,083
$ 322,224
7.1 %
Net income per diluted common
share
$ 1.35
$ 1.31
3.1 %
$ 8.24
$ 7.60
8.4 %
Adjusted EBITDA 1
$ 104,701
$ 105,705
(0.9) %
$ 544,279
$ 526,803
3.3 %
Total U.S. Housing starts - December 31, 2025 data not available 2
1Adjusted EBITDA is a non-GAAP financial measure and it is defined in the Non-GAAP Financial Measures section of the press release. For a reconciliation of Adjusted EBITDA to U.S. GAAP ("GAAP") net income see the schedule titled "Reconciliation of Non-GAAP Financial Measures."
2The housing starts data was unavailable at the time of the press release. Based on the United States Census Bureau's release calendar, we expect the next update on national housing market data to be issued around February 18, 2026.
Management Commentary
"In 2025, we executed with discipline across our business, and I am proud of what our teams accomplished," said Mike Olosky, President and Chief Executive Officer of Simpson Manufacturing Co., Inc. "We delivered 4.5% revenue growth in a challenging housing market and achieved a solid 19.6% operating margin, reflecting the strength of our business model and effective cost management. Top-line growth in 2025 included approximately 3% from our pricing actions, 1% from acquisitions, and 1% from foreign exchange, which was partially offset by a 1% decline in volume. Importantly, we achieved a Total Recordable Incident Rate below 1.0 for the second consecutive year, our best safety performance in company history. Our commitment to safety demonstrates the values that define Simpson, above all, "everybody matters."
Mr. Olosky continued, "Our results this year demonstrate the resilience of our portfolio and the effectiveness of our long-term strategy. We continued to innovate, expanded our digital capabilities, brought new manufacturing capabilities online, expanded our warehouse footprint, and strengthened customer relationships across our key end markets. As we look ahead, we remain focused on our ambitions to grow above the market, achieve an operating margin of at least 20%, and drive earnings per share growth ahead of net sales growth. This focus is supported by strong operational execution and a balanced approach to capital allocation, positioning us well for continued success in 2026 and beyond as we deepen our commitment to being the partner of choice for our customers."
North America Segment Financial Highlights
2025 Fourth Quarter
2025 Full Year
Europe Segment Financial Highlights
2025 Fourth Quarter
2025 Full Year
Refer to the "Segment and Product Group Information" table below for additional segment information (including information about the Company's Asia/Pacific and Administrative and All Other segments).
Corporate Developments
Balance Sheet & Cash Flow Highlights
Business Outlook
The Company is initiating its 2026 financial outlook to reflect its expectations regarding demand trends, cost of sales, and operating expenses. Based on business trends and conditions as of today, February 9, 2026, the Company's outlook for the full fiscal year ending December 31, 2026 is as follows:
Conference Call Details
Investors, analysts and other interested parties are invited to join the Company's fourth quarter and full year 2025 financial results conference call on Monday, February 9, 2026, at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). To participate, callers may dial (877) 407-0792 (U.S. and Canada) or (201) 689-8263 (International) approximately 10 minutes prior to the start time. The call will be webcast simultaneously and can be accessed through https://viavid.webcasts.com/starthere.jsp?ei=1748976&tp_key=941acbc869 or a link on the Investor Relations section of the Company's website at https://ir.simpsonmfg.com/events-and-presentations. For those unable to participate during the live broadcast, a replay of the call will also be available beginning that same day at 8:00 p.m. Eastern Time until 11:59 p.m. Eastern Time on Monday, February 23, 2026, by dialing (844) 512–2921 (U.S. and Canada) or (412) 317–6671 (International) and entering the conference ID: 13758070. The webcast will remain posted on the Investor Relations section of the Company's website for 90 days.
A copy of this earnings release will be available prior to the call, accessible through the Investor Relations section of the Company's website at www.simpsonmfg.com.
About Simpson Manufacturing Co., Inc.
Simpson Manufacturing Co., Inc., headquartered in Pleasanton, California, through its subsidiary, Simpson Strong-Tie Company Inc., designs, engineers and is a leading manufacturer of wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and concrete construction products, including adhesives, specialty chemicals, mechanical anchors, powder actuated tools and reinforcing carbon and glass fiber materials. The Company primarily supplies its building product solutions to both the residential and commercial markets in North America and Europe. The Company's common stock trades on the New York Stock Exchange under the symbol "SSD."
Copies of Simpson Manufacturing's Annual Report to Stockholders and its proxy statements and other SEC filings, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, are made available free of charge on the Company's website on the same day they are filed with the SEC. To view these filings, visit the Investor Relations section of the Company's website.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally can be identified by words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "outlook," "target," "continue," "predict," "project," "change," "result," "future," "will," "could," "can," "may," "likely," "potentially," or similar expressions. Forward-looking statements are all statements other than those of historical fact and include, but are not limited to, statements about future financial and operating results, our plans, objectives, business outlook, priorities, expectations and intentions, expectations for sales and market growth, comparable sales, earnings and performance, stockholder value, effective tax rates, capital expenditures, cash flows, the housing market, the home improvement industry, demand for services, share repurchases, our strategic initiatives, including the impact of these initiatives on our strategic and operational plans and financial results, and any statement of an assumption underlying any of the foregoing. Forward looking statements in this press release include, but are not limited to, statements regarding: anticipated consolidated operating margin for 2026; expected gain on the sale of undeveloped land; estimated effective tax rate for 2026; and projected capital expenditures for 2026.
Forward-looking statements are subject to inherent uncertainties, risks and other factors that are difficult to predict and could cause our actual results to vary in material respects from what we have expressed or implied by these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those expressed in or implied by our forward-looking statements include the effect of tariffs and international trade policies on our business operations, the effects of inflation and labor and supply shortages, on our operations, and the operations of our customers, suppliers and business partners, the effect of a global pandemic such as the COVID-19 pandemic or other widespread public health crisis and their effects on the global economy, as well as those discussed in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of our most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and other reports we file with the SEC.
We caution that you should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Readers are urged to carefully review and consider the various disclosures made in our reports filed with the SEC that advise of the risks and factors that may affect our business, results of operations and financial condition.
Non-GAAP Financial Measures
This press release includes certain financial information not prepared in accordance with Generally Accepted Accounting Principles in the United States ("GAAP"). Since not all companies calculate non-GAAP financial information identically (or at all), the presentations herein may not be comparable to other similarly titled measures used by other companies. Further, these measures should not be considered substitutes for the performance measures derived in accordance with GAAP. The Company uses Adjusted EBITDA as an additional financial measure in evaluating the ongoing operating performance of its business. The Company believes Adjusted EBITDA allows it to readily view operating trends, perform analytical comparisons, and identify strategies to improve operating performance. Adjusted EBITDA should not be considered in isolation or as a substitute for GAAP financial measures such as net income or any other performance measures derived in accordance with GAAP. See the Reconciliation of Non-GAAP Financial Measures below.
The Company defines Adjusted EBITDA as net income (loss) before income taxes, adjusted to exclude depreciation and amortization, integration, acquisition and restructuring costs, non-qualified compensation adjustments, goodwill impairment, gain on bargain purchase, lease termination costs, severance costs, net loss or gain on disposal of assets, interest income or expense, and foreign exchange and other expense (income).
Simpson Manufacturing Co., Inc. and Subsidiaries
UNAUDITED Consolidated Statements of Operations
(In thousands, except per share data)
Three Months Ended
December 31,
Twelve Months Ended
December 31,
2025
2024
2025
2024
Net sales
$ 539,345
$ 517,429
$ 2,332,808
$ 2,232,139
Cost of sales
304,272
290,193
1,263,203
1,208,251
Gross profit
235,073
227,236
1,069,605
1,023,888
Research and development and engineering expense
21,084
22,157
82,483
81,916
Selling expense
56,078
52,777
222,808
213,532
General and administrative expense
84,677
74,618
321,686
293,099
Total operating expenses
161,839
149,552
626,977
588,547
Acquisition and integration related costs
616
821
1,065
5,813
Net (gain) loss on disposal of assets
(2,141)
14
(16,502)
(447)
Income from operations
74,759
76,849
458,065
429,975
Interest income and other finance costs, net
4,022
1,166
8,337
5,277
Other & foreign exchange loss, net
(4,080)
(1,560)
(3,929)
(1,209)
Income before taxes
74,701
76,455
462,473
434,043
Provision for income taxes
18,487
20,997
117,390
111,819
Net income
$ 56,214
$ 55,458
$ 345,083
$ 322,224
Earnings per common share:
Basic
$ 1.36
$ 1.32
$ 8.27
$ 7.64
Diluted
$ 1.35
$ 1.31
$ 8.24
$ 7.60
Weighted average shares outstanding:
Basic
41,345
41,980
41,718
42,182
Diluted
41,509
42,174
41,861
42,383
Other data:
Depreciation and amortization
$ 24,961
$ 24,749
$ 88,477
$ 84,584
Pre-tax equity-based compensation expense
3,486
3,257
22,220
18,346
Simpson Manufacturing Co., Inc. and Subsidiaries
UNAUDITED Consolidated Condensed Balance Sheets
(In thousands)
December 31,
2025
2024
Cash and cash equivalents
$ 384,138
$ 239,371
Trade accounts receivable, net
302,688
284,392
Inventories
594,192
593,175
Other current assets
71,485
59,383
Total current assets
1,352,503
1,176,321
Property, plant and equipment, net
627,854
531,655
Operating lease right-of-use assets
115,060
93,933
Goodwill
558,521
512,383
Intangible assets, net
387,729
375,051
Other noncurrent assets
31,959
46,825
Total assets
$ 3,073,626
$ 2,736,168
Trade accounts payable
$ 91,467
$ 100,972
Long-term debt, current portion
15,000
22,500
Accrued liabilities and other current liabilities
275,328
242,876
Total current liabilities
381,795
366,348
Operating lease liabilities, net of current portion
96,819
76,184
Long-term debt, net of current portion and issuance costs
355,509
362,563
Deferred income tax
99,792
90,303
Other long-term liabilities
104,234
27,636
Non-qualified deferred compensation plan share awards
5,715
7,786
Stockholders' equity
2,029,762
1,805,348
Total liabilities and stockholders' equity
$ 3,073,626
$ 2,736,168
Simpson Manufacturing Co., Inc. and Subsidiaries
UNAUDITED Segment and Product Group Information
(In thousands)
Three Months Ended
Twelve Months Ended
December 31,
%
December 31,
%
2025
2024
change *
2025
2024
change *
Net Sales by Reporting Segment
North America
$ 416,863
$ 404,753
3.0 %
$ 1,813,856
$ 1,735,879
4.5 %
Percentage of total net sales
77.3 %
78.2 %
77.8 %
77.8 %
Europe
117,871
108,070
9.1 %
499,559
479,055
4.3 %
Percentage of total net sales
21.9 %
20.9 %
21.4 %
21.5 %
Asia/Pacific
4,611
4,606
0.1 %
19,393
17,205
12.7 %
Percentage of total net sales
0.9 %
0.9 %
0.8 %
0.8 %
Total
$ 539,345
$ 517,429
4.2 %
$ 2,332,808
$ 2,232,139
4.5 %
Net Sales by Product Group**
Wood Construction
$ 447,458
$ 438,111
2.1 %
$ 1,967,741
$ 1,899,524
3.6 %
Percentage of total net sales
83.0 %
84.7 %
84.4 %
85.1 %
Concrete Construction
90,728
78,665
15.3 %
360,613
330,557
9.1 %
Percentage of total net sales
16.8 %
15.2 %
15.5 %
14.8 %
Other
1,159
653
N/M
4,454
2,058
N/M
Total
$ 539,345
$ 517,429
4.2 %
$ 2,332,808
$ 2,232,139
4.5 %
Gross Profit (Loss) by Reporting Segment
North America
$ 192,721
$ 189,749
1.6 %
$ 885,028
$ 848,541
4.3 %
North America gross profit margin
46.2 %
46.9 %
48.8 %
48.9 %
Europe
39,622
34,894
13.5 %
178,933
168,982
5.9 %
Europe gross profit margin
33.6 %
32.3 %
35.8 %
35.3 %
Asia/Pacific
1,112
2,017
N/M
6,449
5,798
N/M
Administrative and all other
1,618
576
N/M
(805)
567
N/M
Total
$ 235,073
$ 227,236
3.4 %
$ 1,069,605
$ 1,023,888
4.5 %
Income (Loss) from Operations
North America
$ 82,291
$ 85,354
(3.6) %
$ 448,807
$ 439,567
2.1 %
North America operating profit margin
19.7 %
21.1 %
24.7 %
25.3 %
Europe
2,765
769
259.6 %
43,862
33,806
29.7 %
Europe operating profit margin
2.3 %
0.7 %
8.8 %
7.1 %
Asia/Pacific
(233)
323
N/M
595
(294)
N/M
Administrative and all other
(10,064)
(9,597)
N/M
(35,199)
(43,104)
N/M
Total
$ 74,759
$ 76,849
(2.7) %
$ 458,065
$ 429,975
6.5 %
*
Unfavorable percentage changes are presented in parentheses.
**
The Company manages its business by geographic segment but is presenting sales by product group as additional information.
N/M
Statistic is not material or not meaningful.
Reconciliation of Non-GAAP Financial Measures
(In thousands) (Unaudited)
A reconciliation of Adjusted EBITDA to net income, the most directly comparable GAAP measure, is set forth below.
Three Months Ended December 31,
Twelve Months Ended December 31,
2025
2024
2025
2024
Net Income
$ 56,214
$ 55,458
$ 345,083
$ 322,224
Provision for income taxes
18,487
20,997
117,390
111,819
Interest income, net and other financing costs
(4,022)
(1,166)
(8,337)
(5,277)
Depreciation and amortization
24,961
24,749
88,477
84,584
Other*
9,061
5,667
1,666
13,453
Adjusted EBITDA
$ 104,701
$ 105,705
$ 544,279
$ 526,803
*Other: Includes acquisition, integration, and restructuring related expenses, non-qualified deferred compensation adjustments, lease termination, severance
costs, other & foreign exchange loss net, and net loss or gain on disposal of assets.
CONTACT:
Addo Investor Relations
[email protected]
(310) 829-5400
SOURCE Simpson Manufacturing Co., Inc.