I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community.
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PLEASANTON, Calif., July 13, 2019 – Shares of Simpson Manufacturing Co. Inc. (NYSE: SSD) showed the bullish trend with a higher momentum of 2.39% to $65.52. The company traded total volume of 161,273 shares as contrast to its average volume of 210.65K shares. The company has a market value of $2.90B and about 44.26M shares outstanding.
Simpson Manufacturing Co., Inc. (SSD) reported consolidated net sales of $259.20M increased 5.9% from $244.80M. Consolidated gross profit of $110.30M increased 2.4% from $107.60M. Gross profit margin reduced to 42.5% from 44.0%.
Consolidated income from operations of $30.00M reduced 8.1% from $32.70M. Income from operations for the first quarter of 2018 included a $1.00M gain on the exercise of an eminent domain claim. Consolidated operating profit margin reduced to 11.6% from 13.4%.
Consolidated net income was $22.70M, or $0.50 per diluted share of the Company’s common stock, contrast to net income of $25.40M, or $0.54 per diluted share of the Company’s common stock.
Cash flow offered by operating activities reduced about $7.20M to $9.90M from $17.10M. Cash flow used in investing activities increased about $1.10M to $10.80M from $9.70M. Capital expenditures were about $7.40M contrast to $10.90M.
The Company offered net profit margin of 11.30% while its gross profit margin was 44.30%. ROE was recorded as 14.10% while beta factor was 1.47. The stock, as of recent close, has shown the weekly downbeat performance of -1.36% which was maintained at 21.04% in this year.