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Simpson Manufacturing SSD Asia/Pacific — Impairment of goodwill

Discontinued — last reported Q4 '18

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$6.9M0.0%
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$12.9M
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ALLEsrt_AsiaPacificMember — Impairment of intangible assets
$2.6M
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ZBHAsia Pacific — Goodwill
$604.4M
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ALLEAsia Pacific — Goodwill, Impairment Loss
$88.1M

Other financials

Income statement

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Revenue$588.0M+9.1%
Gross profit$265.9M+6.1%
Operating income$114.5M+6.5%
Net income$88.2M+13.3%
EPS (diluted)$2.13+15.1%

Balance sheet

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Cash & equivalents$341.0M+127%
Total debt$426.0M-16.2%
Total equity$2.1B+10.6%
Total assets$3.0B+7.8%

Cash flow

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Operating cash flow$35.5M+370%
CapEx$17.6M-64.9%
Free cash flow$17.9M+142%

Valuation

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Market cap$8.23B+7.2%
Enterprise value$8.32B+2.9%
P/E23.2×-0.5×
P/S3.5×0.0×

Profitability

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Gross margin45.5%-0.5pp
Operating margin19.6%+0.4pp
Net margin14.9%+0.4pp
FCF margin15%+8.5pp

Returns & leverage

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Return on equity18.1%0.0pp
Debt / equity0.2×-0.1×
Current ratio3.4×+0.2×

Where this comes from

Reported directly by Simpson Manufacturing in its filing.

Tagged under the XBRL concept us-gaap:BusinessCombinationBargainPurchaseGainRecognizedAmount.

The official record: Simpson Manufacturing’s 10-K, filed February 26, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does asia/pacific — impairment of goodwill mean?
A write-down of the value of goodwill attributed to the Asia/Pacific segment.
How do you interpret asia/pacific — impairment of goodwill?
Any impairment charge is a negative signal, indicating that the segment is underperforming relative to the expectations set at the time of acquisition.
How does asia/pacific — impairment of goodwill compare across companies?
Compared to peers to see if regional market headwinds are impacting the entire industry or specific to the company's regional strategy.