Simpson Manufacturing Reports Q3 2026 Growth Driven by Pricing Amidst Rising Steel Costs
Simpson Manufacturing (SSD) reported third-quarter net sales of $638.1 million, a 2.3% year-over-year increase driven primarily by pricing actions. While North American revenue grew 3.8%, the company faced challenges in Europe, where revenue declined 3.4% due to volume drops and currency translation issues. Diluted EPS rose 3.9% to $2.68, supported by a 7.4% increase in adjusted EBITDA. The company is navigating significant headwinds, including steel prices reaching a four-year high and decelerating U.S. housing starts. To mitigate these pressures, management plans additional pricing actions and continues to implement cost-control measures, such as reducing SG&A headcount. Despite market softness, Simpson saw strong momentum in commercial volumes related to data center projects and double-digit growth in OEM volumes.
Tickers: $SSD
Topics: adjusted EBITDA diluted EPS net sales operating margin revenue growth