Simpson Manufacturing Reports Q3 2026 Results and Announces $1 Billion Share Repurchase Program
Simpson Manufacturing (SSD) reported third-quarter 2026 net sales of $638.1 million, representing a 2.3% increase despite facing headwinds from decelerating residential housing demand. To combat rising raw material costs—specifically steel prices which have surged over 50% year-over-year—management intends to implement further price increases to protect gross margins. The company is shifting its capital allocation strategy, with the Board approving a new $1 billion share repurchase authorization that supersedes a previous $200 million plan. Additionally, Simpson is pivoting toward digital growth by introducing a next-generation cloud-native software platform for building component manufacturing to capture market share from traditional competitors.
Tickers: $SSD
Topics: earnings report raw material costs revenue growth share buyback
Read the full article at Motley Fool
Part of the story Dominari Holdings Executes $3.4 Million of $5 Million Share Repurchase Program (11 articles)