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Simpson Manufacturing SSD North America — Goodwill Translation Adjustments

Discontinued — last reported Q4 '15

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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:GoodwillTranslationAdjustments.

The official record: Simpson Manufacturing’s 10-K, filed February 29, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does north america — goodwill translation adjustments mean?
The impact of foreign currency exchange rate fluctuations on the goodwill balance held by the North American segment. While goodwill is often denominated in the reporting currency, this reflects adjustments due to the consolidation of foreign operations or reporting currency changes. It isolates the effect of currency volatility on intangible asset valuations.