¹ Adjusted EBITDA is a non-GAAP financial measure and is defined in the Non-GAAP Financial Measures section of this press release. For a reconciliation of
Adjusted EBITDA to U.S. GAAP (as defined below) net income, see the schedule titled “Reconciliation of Non-GAAP Financial Measures.”
² Housing starts is based on the trailing twelve months for the periods ended June 30, 2026 and 2025 as reported by the United States Census Bureau.
Exhibit 99.1
Press Release
| Simpson Manufacturing Co., Inc. |
| Announces 2026 Second Quarter Financial Results and Updates 2026 Guidance |
2026 Second Quarter Highlights
- Net sales of $671.1 million increased 6.3% year-over-year
- Income from operations of $169.1 million increased 20.6% year-over-year
- Net income per diluted share of $3.09 increased 25.1% year-over-year
- Repurchased $48.7 million of common stock during the quarter
- Increased 2026 share repurchase authorization by $50.0 million
- Declared a $0.30 per share dividend
Pleasanton, CA - July 27, 2026: 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 second quarter of 2026.
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 June 30, 2026 with the quarter ended June 30, 2025. In the first quarter of 2026, the Company reclassified certain software amortization costs related to the Company's component manufacturing efforts from general and administrative expense to cost of sales. Additionally, for the year ended December 31, 2025, the Company reclassified certain quality assurance costs from general and administrative expense to cost of sales. The financial results for the three and six months ended June 30, 2025 have been recast for comparison purposes and to conform to the current period classification, with $1.5 million and $3.0 million of costs being reclassified from general and administrative expense to cost of sales. The reclassification did not have any impact on the total income from operations.
Consolidated 2026 Second Quarter Highlights
In thousands, except per share data and percentages
| Line item | Three Months EndedJune 30, 2026 | Three Months EndedJune 30, 2025 | Year-Over- · YearChange | Six Months EndedJune 30, 2026 | Six Months EndedJune 30, 2025 | Year-Over- · YearChange |
|---|---|---|---|---|---|---|
| Net sales | $671,076 | $631,055 | 6.3% | $1,259,040 | $1,169,950 | 7.6% |
| Gross profit | 318,193 | 292,891 | 8.6% | 584,084 | 543,457 | 7.5% |
| Gross profit margin | 47.4% | 46.4% | 46.4% | 46.5% | ||
| Total operating expenses | 154,420 | 152,839 | 1.0% | 305,076 | 301,034 | 1.3% |
| Income from operations | 169,130 | 140,244 | 20.6% | 283,747 | 242,563 | 17.0% |
| Operating income margin | 25.2% | 22.2% | 22.5% | 20.7% | ||
| Net income | $127,042 | $103,541 | 22.7% | $215,258 | $181,425 | 18.6% |
| Net income per diluted common share | $3.09 | $2.47 | 25.1% | $5.22 | $4.33 | 20.6% |
| Adjusted EBITDA¹ | $196,083 | $159,893 | 22.6% | $335,444 | $282,067 | 18.9% |
In thousands, except percentages
| Line item | Trailing Twelve Months EndedJune 30, 2026 | Trailing Twelve Months EndedJune 30, 2025 | Year-Over- · YearChange |
|---|---|---|---|
| Total U.S. Housing starts² | 1,359 | 1,368 | (0.6)% |
Management Commentary
“Our second quarter results reflect solid execution across our operations, with net sales increasing 6.3% year‑over‑year to $671.1 million, driven by growth in both North America and Europe,” said Mike Olosky, President and Chief Executive Officer of Simpson Manufacturing Co., Inc. “North America sales growth of 6.0% year-over-year was driven primarily by our 2025 pricing actions in response to tariffs and multiyear cost increases, partially offset by lower volumes tied to a softer market. In Europe, net sales rose 7.6% year‑over‑year, leading to a record quarter for operating income margin of 13.7%. Consolidated profitability strengthened in the quarter, with gross margin expanding 100 basis points to 47.4% and operating margin improving 300 basis points to 25.2%, including a 100 basis point benefit from a $5.5 million eminent domain settlement and the benefit of our 2025 strategic cost savings initiatives. These results underscore the resilience of our business model, the dedication of our employees, and the value customers place on our innovative solutions and trusted partnerships.”
Mr. Olosky continued, “As we celebrate our 70th anniversary, we remain focused on deepening our position as the partner of choice for our customers, driving innovation in the markets we serve, and strengthening our values-based culture—all while continuing to deliver solid financial results. Our financial ambitions remain driving above market volume growth relative to United States housing starts, maintaining an operating income margin at or above 20%, and consistently driving EPS growth ahead of net sales growth.”
North America Segment 2026 Second Quarter Financial Highlights
- Net sales of $522.3 million increased 6.0% from $492.7 million primarily due to price increases that took effect in
June 2025 and October 2025, partly offset by a slight decrease in unit sales volumes.
- Gross margin increased to 50.2% from 49.5% due to lower material costs as a percentage of net sales and cost
savings initiatives.
- Income from operations of $158.0 million increased 15.8% from $136.5 million, primarily due to the increases in
net sales as well as lower operating expense including lower personnel costs, and software licensing fees as well as a reduction in travel and entertainment costs.
Europe Segment 2026 Second Quarter Financial Highlights
- Net sales of $143.5 million increased 7.6% from $133.4 million due to both increased unit sales volumes and price
increases as well as the positive effect of approximately $3.7 million in foreign currency translation.
- Gross margin increased to 38.2% from 36.2%, primarily driven by lower material costs, factory and tooling costs,
and labor costs as a percentage of net sales.
- Income from operations of $19.7 million increased 25.7% from $15.7 million primarily due to higher gross
profits. Operating expenses were negatively affected by approximately $0.7 million in foreign currency translation.
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
- For the quarter ended June 30, 2026, the Company repurchased 259,846 shares of common stock in the open
market at an average price of $187.47 per share, for a total of $48.7 million. As of June 30, 2026, approximately $51.3 million remained available for share repurchases through December 31, 2026, under the Company's previously announced $150.0 million share repurchase authorization.
- On July 23, 2026, the Company’s Board of Directors (the "Board") increased the 2026 share repurchase
authorization from $150.0 million to $200.0 million.
- On July 23, 2026, the Board declared a quarterly cash dividend of $0.30 per share, estimated to be $ $12.2 million
in aggregate. The dividend will be payable on October 22, 2026, to the Company's stockholders of record on October 1, 2026.
Balance Sheet & 2026 Second Quarter Cash Flow Highlights
- As of June 30, 2026, cash and cash equivalents totaled $450.5 million with total debt outstanding of $336.7
million under the Company's $900 million credit facility.
- Cash flow provided by operating activities of $215.0 million increased by $89.8 million from $125.2 million,
primarily due to increased net income and changes in working capital.
- Cash flow used in investing activities of $8.6 million decreased by $31.9 million from $40.5 million primarily due
to decreased capital expenditures.
Business Outlook
The Company is updating its prior 2026 financial outlook to reflect actual results of the second quarter as well as its expectations regarding demand trends, cost of sales, and operating expenses. Based on business trends and conditions as of today, July 27, 2026, the Company's outlook for the full fiscal year ending December 31, 2026, is as follows:
- Consolidated operating margin is estimated to be in the range of 19.7% to 20.5%. The operating margin range includes
a projected gain of $10.0 million to $12.0 million on the sale of vacant land.
- The effective tax rate is estimated to be in the range of 25.0% to 26.0%, including both federal and state income tax
rates as well as international income tax rates, and assuming no tax law changes are enacted.
- Capital expenditures are estimated to be in the range of $80.0 million to $90.0 million.
Conference Call Details
Investors, analysts and other interested parties are invited to join the Company’s 2026 second quarter financial results conference call on Monday, July 27, 2026, at 5:00 pm Eastern Time (2:00 pm 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=1767895&tp_key=037ff0a3e6 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, August 10, 2026 by dialing (844) 512–2921 (U.S. and Canada) or (412) 317–6671 (International) and entering the conference ID:
- 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 ir.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 Securities and Exchange Commission (“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 SEC’s website and at the Company's website on the same day they are filed with the SEC. To view these filings, visit the SEC’s website at www.sec.gov or the Financials section of the Company's website at ir.simpsonmfg.com.
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), adjusted to exclude provision for income taxes, depreciation and amortization, acquisition integration and restructuring costs, non-qualified compensation adjustments, lease termination costs, severance costs, net loss or gain on disposal of assets, interest income or expense and other financing costs, and foreign exchange and other expense (income).
Simpson Manufacturing Co., Inc. and Subsidiaries
UNAUDITED Condensed Consolidated Statements of Operations (In thousands, except per share data)
| Line item | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 |
|---|---|---|---|---|
| Net sales | $671,076 | $631,055 | $1,259,040 | $1,169,950 |
| Cost of sales | 352,883 | 338,164 | 674,956 | 626,493 |
| Gross profit | 318,193 | 292,891 | 584,084 | 543,457 |
| Research and development and engineering expense | 18,000 | 20,767 | 36,631 | 40,606 |
| Selling expense | 52,848 | 56,443 | 107,311 | 110,607 |
| General and administrative expense | 83,572 | 75,629 | 161,134 | 149,821 |
| Total operating expense | 154,420 | 152,839 | 305,076 | 301,034 |
| Acquisition and integration related costs | 186 | 13 | 751 | 140 |
| Net gain on disposal of assets | (5,543) | (205) | (5,490) | (280) |
| Income from operations | 169,130 | 140,244 | 283,747 | 242,563 |
| Interest income and other finance costs, net | 4,196 | 895 | 8,629 | 1,998 |
| Other & foreign exchange loss, net | (2,435) | (1,684) | (5,187) | (626) |
| Income before taxes | 170,891 | 139,455 | 287,189 | 243,935 |
| Provision for income taxes | 43,849 | 35,914 | 71,931 | 62,510 |
| Net income | $127,042 | $103,541 | $215,258 | $181,425 |
| Earnings per common share: | ||||
| Basic | $3.10 | $2.48 | $5.24 | $4.34 |
| Diluted | $3.09 | $2.47 | $5.22 | $4.33 |
| Weighted average shares outstanding: | ||||
| Basic | 40,964 | 41,705 | 41,095 | 41,775 |
| Diluted | 41,071 | 41,838 | 41,221 | 41,926 |
| Cash dividends declared per common share | $0.30 | $0.29 | $0.59 | $0.57 |
| Other data: | ||||
| Depreciation and amortization | $25,437 | $20,995 | $50,948 | $40,517 |
| Pre-tax equity-based compensation expense | $8,403 | $6,367 | $14,942 | $12,905 |
UNAUDITED Condensed Consolidated Balance Sheets
(In thousands)
| Line item | June 30, 2026 | June 30, 2025 | December 31, 2025 |
|---|---|---|---|
| Cash and cash equivalents | $450,526 | $190,400 | $384,138 |
| Trade accounts receivable, net | 438,050 | 415,926 | 302,688 |
| Inventories | 513,518 | 586,623 | 594,192 |
| Other current assets | 67,320 | 65,169 | 71,485 |
| Total current assets | 1,469,414 | 1,258,118 | 1,352,503 |
| Property, plant and equipment, net | 614,989 | 597,536 | 627,854 |
| Operating lease right-of-use assets | 109,521 | 100,649 | 115,060 |
| Goodwill | 546,729 | 560,633 | 558,521 |
| Intangible assets, net | 365,965 | 399,361 | 387,729 |
| Other noncurrent assets | 33,233 | 48,106 | 31,959 |
| Total assets | $3,139,851 | $2,964,403 | $3,073,626 |
| Trade accounts payable | $114,384 | $95,560 | $91,467 |
| Long-term debt, current portion | 15,000 | 22,500 | 15,000 |
| Accrued liabilities and other current liabilities | 317,579 | 254,800 | 275,328 |
| Total current liabilities | 446,963 | 372,860 | 381,795 |
| Operating lease liabilities, net of current portion | 90,372 | 83,001 | 96,819 |
| Long-term debt, net of current portion and issuance costs | 318,389 | 351,994 | 355,509 |
| Deferred income tax | 108,341 | 96,711 | 99,792 |
| Other long-term liabilities | 49,188 | 120,060 | 104,234 |
| Non-qualified deferred compensation plan awards | 8,840 | 9,737 | 5,715 |
| Stockholders’ equity | 2,117,758 | 1,930,040 | 2,029,762 |
| Total liabilities, mezzanine equity, and stockholders’ equity | $3,139,851 | $2,964,403 | $3,073,626 |
UNAUDITED Segment and Product Group Information
(In thousands)
| Line item | Three Months EndedJune 30, 2026 | Three Months EndedJune 30, 2025 | %change | Six Months EndedJune 30, 2026 | Six Months EndedJune 30, 2025 | %change |
|---|---|---|---|---|---|---|
| Net Sales by Reporting Segment | ||||||
| North America | $522,290 | $492,687 | 6.0% | $984,215 | $913,386 | 7.8% |
| Percentage of total net sales | 77.8% | 78.1% | 78.2% | 78.1% | ||
| Europe | 143,491 | 133,398 | 7.6% | 264,538 | 247,258 | 7.0% |
| Percentage of total net sales | 21.4% | 21.1% | 21.0% | 21.1% | ||
| Asia/Pacific | 5,295 | 4,970 | 6.5% | 10,287 | 9,306 | 10.5% |
| $671,076 | $631,055 | 6.3% | $1,259,040 | $1,169,950 | 7.6% | |
| Net Sales by Product Group** | ||||||
| Wood Construction | $568,314 | $535,561 | 6.1% | $1,065,978 | $995,844 | 7.0% |
| Percentage of total net sales | 84.7% | 84.9% | 84.7% | 85.1% | ||
| Concrete Construction | 101,411 | 94,402 | 7.4% | 190,538 | 172,087 | 10.7% |
| Percentage of total net sales | 15.1% | 15.0% | 15.1% | 14.7% | ||
| Other | 1,351 | 1,092 | N/M | 2,524 | 2,019 | N/M |
| $671,076 | $631,055 | 6.3% | $1,259,040 | $1,169,950 | 7.6% | |
| Gross Profit (Loss) by Reporting Segment | ||||||
| North America | $262,137 | $243,885 | 7.5% | $482,870 | $453,313 | 6.5% |
| North America gross margin | 50.2% | 49.5% | 49.1% | 49.6% | ||
| Europe | 54,777 | 48,275 | 13.5% | 98,723 | 88,297 | 11.8% |
| Europe gross margin | 38.2% | 36.2% | 37.3% | 35.7% | ||
| Asia/Pacific | 1,851 | 1,537 | N/M | 3,647 | 3,260 | N/M |
| Administrative and all other | (572) | (806) | N/M | (1,156) | (1,413) | N/M |
| $318,193 | $292,891 | 8.6% | $584,084 | $543,457 | 7.5% | |
| Income (Loss) from Operations | ||||||
| North America | $157,987 | $136,489 | 15.8% | $276,297 | $241,337 | 14.5% |
| North America operating margin | 30.2% | 27.7% | 28.1% | 26.4% | ||
| Europe | 19,695 | 15,669 | 25.7% | 26,786 | 24,978 | 7.2% |
| Europe operating margin | 13.7% | 11.7% | 10.1% | 10.1% | ||
| Asia/Pacific | (53) | (86) | N/M | 190 | 273 | N/M |
| Administrative and all other | (8,499) | (11,828) | N/M | (19,526) | (24,025) | N/M |
| $169,130 | $140,244 | 20.6% | $283,747 | $242,563 | 17.0% |
| * | Unfavorable percentage changes are presented in parentheses, if any. |
| ** | The Company manages its business by geographic segment but presents 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:
| Line item | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 |
|---|---|---|---|---|
| Net Income | $127,042 | $103,541 | $215,258 | $181,425 |
| Provision for income taxes | 43,849 | 35,914 | 71,931 | 62,510 |
| Interest income, net and other financing costs | (4,196) | (895) | (8,629) | (1,998) |
| Depreciation and amortization | 25,437 | 20,995 | 50,948 | 40,517 |
| Other* | 3,951 | 338 | 5,936 | (387) |
| Adjusted EBITDA** | $196,083 | $159,893 | $335,444 | $282,067 |
.
*Includes acquisition integration and restructuring related expenses, non-qualified deferred compensation adjustments, severance costs, other & foreign exchange loss net, and net loss or gain on disposal of assets.
**Includes certain reclassifications in the three and six months ended June 30, 2025, to conform to the current period presentation.
CONTACT:
Addo Investor Relations
investor.relations@strongtie.com
(310) 829-5400