Simpson Manufacturing (SSD) Q3 FY2023 earnings: revenue $580 million, up 4.8% on the year

Simpson Manufacturing Co., Inc. (SSD) reported revenue of $580 million for Q3 FY2023, the quarter ended 30 September 2023, up 4.8% on the same quarter a year earlier. Net income was $104 million, up 17.9% on the year, and diluted earnings per share $2.43. The figures are the company's own, from the 10-Q it filed with the SEC on 7 November 2023.

Revenue$580 millionup 4.8%

Net income$104 millionup 17.9%

Diluted EPS$2.43

QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Revenue	580	n/a	n/a	n/a
Cost of revenue	297	n/a	n/a	n/a
Gross profit	283	n/a	n/a	n/a
Gross margin	48.8%	n/a	n/a
Operating income	140	n/a	n/a	n/a
Operating margin	24.2%	n/a	n/a
Pre-tax income	140	n/a	n/a	n/a
Income tax	36.1	n/a	n/a	n/a
Effective tax rate	25.7%	n/a	n/a
Net income	104	n/a	n/a	n/a
Net margin	17.9%	n/a	n/a
Diluted EPS	$2.43	n/a	n/a	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Operating cash flow	201	n/a	n/a	n/a
Capital expenditure	19.6	n/a	n/a	n/a
Free cash flow	181	n/a	n/a	n/a
Free cash flow margin	31.3%	n/a	n/a
Cash from investing	-18.5	n/a	n/a	n/a
Cash from financing	-17.2	n/a	n/a	n/a
Depreciation and amortisation	18.2	n/a	n/a	n/a
Share-based compensation	6.6	n/a	n/a	n/a
Buybacks	0.0	n/a	n/a	n/a
Dividends paid	11.5	n/a	n/a	n/a
Dividend per share	$0.27	n/a	n/a	n/a
Diluted shares, weighted	43m	n/a	n/a	n/a
Shares outstanding at period end	43m	n/a	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Shareholders' equity	1,669	n/a	n/a	n/a
Debt	416	n/a	n/a	n/a
Operating lease liabilities	53.8	n/a	n/a	n/a
Other liabilities	676	n/a	n/a	n/a
Total liabilities and equity	2,815	n/a	n/a	n/a
Fixed assets	383	n/a	n/a	n/a
Goodwill	483	n/a	n/a	n/a
Intangible assets	356	n/a	n/a	n/a
Cash and equivalents	571	n/a	n/a	n/a
Receivables	351	n/a	n/a	n/a
Inventory	504	n/a	n/a	n/a
Other assets	166	n/a	n/a	n/a
Total assets	2,815	n/a	n/a	n/a

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025 †	Q2 FY2025 †	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	580	502	531	597	587	517	539	631	624	539	588	671
Cost of revenue	297	281	286	318	312	290	288	338	334	305	322	353
Gross profit	283	220	245	279	275	228	251	293	289	234	266	318
Gross margin	49%	44%	46%	47%	47%	44%	46%	46%	46%	43%	45%	47%
Operating income	140	71.6	96.1	132	125	76.8	102	140	141	74.8	115	169
Operating margin	24%	14%	18%	22%	21%	15%	19%	22%	23%	14%	19%	25%
Pre-tax income	140	74.4	98.4	133	126	76.4	104	139	144	74.7	116	171
Tax rate	26%	26%	23%	26%	26%	27%	25%	26%	25%	25%	24%	26%
Net income	104	54.8	75.4	97.8	93.5	55.4	77.9	104	107	56.2	88.2	127
Net margin	18%	11%	14%	16%	16%	11%	14%	16%	17%	10%	15%	19%
Diluted EPS	$2.43	$1.28	$1.77	$2.31	$2.21	$1.31	$1.85	$2.47	$2.58	$1.35	$2.13	$3.09
Operating cash flow	201	28.8	7.9	111	103	116	7.6	125	170	156	35.5	213
Capital expenditure	19.6	31.3	39.4	58.1	107	55.5	50.2	41.0	36.4	36.7	17.6	15.4
Free cash flow	181	-2.5	-31.5	53.1	-3.2	60.3	-42.6	84.2	134	119	17.9	198
Buybacks	0.0	50.0	0.0	50.0	0.0	50.0	25.0	35.0	30.0	30.0	50.0	48.7
Dividends paid	11.5	11.5	11.4	11.5	11.8	11.8	11.7	11.8	12.1	12.0	12.0	11.9
Shares outstanding	43m	42m	42m	42m	42m	42m	42m	42m	41m	41m	41m	41m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 7 November 2023, accession 0000920371-23-000180: the filing on EDGAR. All of Simpson Manufacturing Co., Inc.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install