Simpson Manufacturing Co., Inc.: Q2 FY2026 earnings call

What management said about Q2 FY2026, from the documents filed with the SEC on 27 July 2026: press release. Guidance figures: 3 raised, 2 kept. The quarter’s numbers.

Key takeaways

Net sales up 6.3% this quarter: Net sales were $671.1 million, up from $631.1 million. Net income was $127.0 million, up 22.7%. Source
Operating income and EPS both rose: Income from operations was $169.1 million, up 20.6%, with operating margin at 25.2% against 22.2%. Diluted EPS was $3.09, up 25.1%. Source
North America operating income up 15.8%: North America income from operations was $158.0 million, up 15.8%, with operating margin at 30.2% against 27.7%. Source
Eminent domain settlement lifted margin: Operating margin included a 100 basis point benefit from a $5.5 million eminent domain settlement, alongside 2025 strategic cost savings. Source
North America volumes slipped on softer market: North America unit sales volumes decreased slightly, which management tied to a softer market; price increases drove the sales growth. Source
Europe sales grew on volume, price and currency: Europe net sales were $143.5 million, up 7.6%, from higher unit volumes and price increases, plus about $3.7 million of favorable currency translation. Source

“These results underscore the resilience of our business model, the dedication of our employees, and the value customers place on our innovative solutions and trusted partnerships.”
Mike Olosky, President and Chief Executive Officer of Simpson Manufacturing Co., Inc.

Guidance

Area	Period	Figure	Against last quarter
Consolidated operating margin Source	Full year 2026	19.7% to 20.5%	Raised from 19.5% to 20.5%
Effective tax rate Source	Full year 2026	25.0% to 26.0%	Kept
Capital expenditures Source	Full year 2026	$80.0 million to $90.0 million	Raised from $75.0 million to $85.0 million
Gain on sale of vacant land Source	Full year 2026	$10.0 million to $12.0 million	Kept
Share repurchase authorization Source	2026	$200.0 million	Raised from $150.0 million

What changed from last quarter

Guidance raised: Operating margin range lower bound raised from 19.5% to 19.7%. Source
Guidance raised: Capital expenditure range raised from $75.0 million to $85.0 million to $80.0 million to $90.0 million. Source
Guidance raised: Share repurchase authorization for 2026 increased from $150.0 million to $200.0 million. Source

Results and growth drivers

Net sales up 6.3% this quarter: Net sales were $671.1 million, up from $631.1 million. Net income was $127.0 million, up 22.7%. Source
Operating income and EPS both rose: Income from operations was $169.1 million, up 20.6%, with operating margin at 25.2% against 22.2%. Diluted EPS was $3.09, up 25.1%. Source
Adjusted EBITDA reached $196.1 million: Adjusted EBITDA was $196.1 million, up 22.6% from $159.9 million, and $335.4 million for the six months, up 18.9%. Source

Segment results

North America operating income up 15.8%: North America income from operations was $158.0 million, up 15.8%, with operating margin at 30.2% against 27.7%. Source
Europe operating income up 25.7%: Europe income from operations was $19.7 million, up 25.7%, with operating margin at 13.7% against 11.7%. Management called it a record quarter for that margin. Source

“Our financial ambitions remain driving above market volume growth relative to United States housing starts, maintaining an operating income margin at or above 20%, and consistently driving EPS growth ahead of net sales growth.”
Mike Olosky, President and Chief Executive Officer of Simpson Manufacturing Co., Inc.

Product groups

Concrete sales grew faster: Concrete Construction net sales were $101.4 million, up 7.4%, and up 10.7% for the six months. Source

Costs, margins and pricing

Gross margin rose 100 basis points: Gross margin was 47.4% against 46.4%. North America gross margin reached 50.2%, helped by lower material costs as a share of sales and cost savings. Source
Eminent domain settlement lifted margin: Operating margin included a 100 basis point benefit from a $5.5 million eminent domain settlement, alongside 2025 strategic cost savings. Source
Operating expenses slightly higher: Total operating expenses were $154.4 million, up 1.0%. In North America, lower personnel costs, software licensing fees and travel costs reduced operating expense. Source
Cost reclassification recast prior year: Software amortization moved from G&A to cost of sales in the first quarter, and 2025 quality assurance costs moved too. The June 2025 quarter was recast by $1.5 million. Source

Demand and volumes

North America volumes slipped on softer market: North America unit sales volumes decreased slightly, which management tied to a softer market; price increases drove the sales growth. Source
Europe sales grew on volume, price and currency: Europe net sales were $143.5 million, up 7.6%, from higher unit volumes and price increases, plus about $3.7 million of favorable currency translation. Source
Six-month sales growth by segment: For the six months, North America net sales rose 7.8% and Asia/Pacific rose 10.5%; Europe rose 7.0%. Source

Capital, cash and shareholder returns

Operating cash flow rose $89.8 million: Cash from operations was $215.0 million, up from $125.2 million, mainly on higher net income and working capital changes. Investing outflow fell to $8.6 million on lower capital expenditures. Source
Repurchased $48.7 million of stock: The company bought 259,846 shares in the open market at an average of $187.47 per share, for $48.7 million, in the quarter. Source
Cash and debt at quarter end: At June 30, 2026, cash and cash equivalents were $450.5 million and total debt was $336.7 million under the $900 million credit facility. Source
Quarterly dividend of $0.30 declared: The Board declared a $0.30 per share quarterly dividend on July 23, 2026, estimated at $12.2 million in aggregate. Source

Strategy and company profile

Focus marks 70th anniversary: Management noted the company's 70th anniversary and its focus on being the partner of choice, driving innovation and a values-based culture. Source
Prior financial guidance being updated: The company updated its prior 2026 financial guidance to reflect second-quarter actual results and its expectations on demand, cost of sales and operating expenses. Source
Company profile and product scope: The company designs and makes wood and concrete construction products for residential and commercial markets in North America and Europe. Source

Coming up, as management said on 27 July 2026

Dividend payable October 22: The $0.30 dividend is payable October 22, 2026, to holders of record on October 1, 2026. Source
Remaining repurchase capacity through year-end: About $51.3 million remained under the $150.0 million authorization at June 30, available through December 31, 2026. Source

Figures management reported

Figure	Reported
U.S. housing starts, trailing twelve months to June 30, 2026 Source	1,359 thousand, versus 1,368 thousand a year earlier (down 0.6%)

Risks management discussed

Demand: Management tied lower North America unit volumes to a softer market. Source
External: Management tied 2025 North America pricing actions to tariffs and multiyear cost increases. Source
Financial: Currency translation reduced operating expenses by about $0.7 million in Europe, as the company noted. Source

Earlier plans management reported on

Not stated: The April release expected revenue growth to moderate over the remainder of 2026, due to timing of 2025 price increases and lower volumes.

Other quarters

Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.

As filed with the SEC

Open the filing on EDGAR

Forward-looking statements notice

Exhibit 99.1 •Cash flow provided by operating activities of $215.0 million increased by $89.8 million from $125.2 million, Conference Call Details About Simpson Manufacturing Co., Inc. Cautionary Note Regarding Forward-Looking Statements Simpson Manufacturing Co., Inc. and Subsidiaries Simpson Manufacturing Co., Inc. and Subsidiaries Simpson Manufacturing Co., Inc. and Subsidiaries Simpson Manufacturing Co., Inc. and Subsidiaries primarily due to increased net income and changes in working capital. UNAUDITED Condensed Consolidated Statements of Operations UNAUDITED Condensed Consolidated Balance Sheets UNAUDITED Segment and Product Group Information Reconciliation of Non-GAAP Financial Measures Press Release Management Commentary •Cash flow used in investing activities of $8.6 million decreased by $31.9 million from $40.5 million primarily due Investors, analysts and other interested parties are invited to join the Company’s 2026 second quarter financial results Simpson Manufacturing Co., Inc., headquartered in Pleasanton, California, through its subsidiary, Simpson Strong-Tie This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of (In thousands, except per share data) (In thousands) (In thousands) (In thousands) (Unaudited) to decreased capital expenditures. conference call on Monday, July 27, 2026, at 5:00 pm Eastern Time (2:00 pm Pacific Time). To participate, callers may dial Company Inc., designs, engineers and is a leading manufacturer of wood construction products, including connectors, truss 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as Simpson Manufacturing Co., Inc. Announces 2026 Second Quarter Financial Results and Updates 2026 Guidance Three Months EndedSix Months EndedJune 30,%June 30,%20262025change*20262025change*Net Sales by Reporting SegmentNorth America$522,290$492,6876.0%$984,215$913,3867.8%Percentage of total net sales77.8%78.1%78.2%78.1%Europe143,491133,3987.6%264,538247,2587.0%Percentage of total net sales21.4%21.1%21.0%21.1%Asia/Pacific5,2954,9706.5%10,2879,30610.5%$671,076$631,0556.3%$1,259,040$1,169,9507.6%Net Sales by Product Group**Wood Construction$568,314$535,5616.1%$1,065,978$995,8447.0%Percentage of total net sales84.7%84.9%84.7%85.1%Concrete Construction101,41194,4027.4%190,538172,08710.7%Percentage of total net sales15.1%15.0%15.1%14.7%Other1,3511,092N/M2,5242,019N/M$671,076$631,0556.3%$1,259,040$1,169,9507.6%Gross Profit (Loss) by Reporting SegmentNorth America$262,137$243,8857.5%$482,870$453,3136.5%North America gross margin50.2%49.5%49.1%49.6%Europe54,77748,27513.5%98,72388,29711.8%Europe gross margin38.2%36.2%37.3%35.7%Asia/Pacific1,8511,537N/M3,6473,260N/MAdministrative and all other(572)(806)N/M(1,156)(1,413)N/M$318,193$292,8918.6%$584,084$543,4577.5%Income (Loss) from OperationsNorth America$157,987$136,48915.8%$276,297$241,33714.5%North America operating margin30.2%27.7%28.1%26.4%Europe19,69515,66925.7%26,78624,9787.2%Europe operating margin13.7%11.7%10.1%10.1%Asia/Pacific(53)(86)N/M190273N/MAdministrative and all other(8,499)(11,828)N/M(19,526)(24,025)N/M$169,130$140,24420.6%$283,747$242,56317.0% “Our second quarter results reflect solid execution across our operations, with net sales increasing 6.3% year‑over‑year to (877) 407-0792 (U.S. and Canada) or (201) 689-8263 (International) approximately 10 minutes prior to the start time. The call plates, fastening systems, fasteners and shearwalls, and concrete construction products, including adhesives, specialty amended. Forward-looking statements generally can be identified by words such as “anticipate,” “believe,” “estimate,” Three Months Ended June 30,Six Months Ended June 30,2026202520262025Net sales$671,076$631,055$1,259,040$1,169,950Cost of sales352,883338,164674,956626,493Gross profit318,193292,891584,084543,457Research and development and engineering expense18,00020,76736,63140,606Selling expense52,84856,443107,311110,607General and administrative expense83,57275,629161,134149,821Total operating expense154,420152,839305,076301,034Acquisition and integration related costs18613751140Net gain on disposal of assets(5,543)(205)(5,490)(280)Income from operations169,130140,244283,747242,563Interest income and other finance costs, net4,1968958,6291,998Other & foreign exchange loss, net(2,435)(1,684)(5,187)(626)Income before taxes170,891139,455287,189243,935Provision for income taxes43,84935,91471,93162,510Net income$127,042$103,541$215,258$181,425Earnings per common share:Basic$3.10$2.48$5.24$4.34Diluted$3.09$2.47$5.22$4.33Weighted average shares outstanding: Basic40,96441,70541,09541,775Diluted41,07141,83841,22141,926Cash dividends declared per common share$0.30$0.29$0.59$0.57Other data:Depreciation and amortization$25,437$20,995$50,948$40,517Pre-tax equity-based compensation expense$8,403$6,367$14,942$12,905 June 30,December 31,202620252025Cash and cash equivalents$450,526$190,400$384,138Trade accounts receivable, net438,050415,926302,688Inventories513,518586,623594,192Other current assets67,32065,16971,485Total current assets1,469,4141,258,1181,352,503Property, plant and equipment, net614,989597,536627,854Operating lease right-of-use assets109,521100,649115,060Goodwill546,729560,633558,521Intangible assets, net365,965399,361387,729Other noncurrent assets33,23348,10631,959Total assets$3,139,851$2,964,403$3,073,626Trade accounts payable$114,384$95,560$91,467Long-term debt, current portion15,00022,50015,000Accrued liabilities and other current liabilities317,579254,800275,328Total current liabilities446,963372,860381,795Operating lease liabilities, net of current portion90,37283,00196,819Long-term debt, net of current portion and issuance costs318,389351,994355,509Deferred income tax108,34196,71199,792Other long-term liabilities49,188120,060104,234Non-qualified deferred compensation plan awards8,8409,7375,715Stockholders’ equity2,117,7581,930,0402,029,762Total liabilities, mezzanine equity, and stockholders’ equity$3,139,851$2,964,403$3,073,626 A reconciliation of Adjusted EBITDA to net income, the most directly comparable GAAP measure, is set forth below: $671.1 million, driven by growth in both North America and Europe,” said Mike Olosky, President and Chief Executive Officer Business Outlook will be webcast simultaneously and can be accessed through https://viavid.webcasts.com/starthere.jsp? chemicals, mechanical anchors, powder actuated tools and reinforcing carbon and glass fiber materials. The Company primarily “expect,” “intend,” “plan,” “outlook,” “target,” “continue,” “predict,” “project,” “change,” “result,” “future,” “will,” “could,” Three Months Ended June 30,Six Months Ended June 30,2026202520262025Net Income$127,042$103,541$215,258$181,425Provision for income taxes43,84935,91471,93162,510Interest income, net and other financing costs(4,196)(895)(8,629)(1,998)Depreciation and amortization25,43720,99550,94840,517Other*3,9513385,936(387)Adjusted EBITDA**$196,083$159,893$335,444$282,067 of Simpson Manufacturing Co., Inc. “North America sales growth of 6.0% year-over-year was driven primarily by our 2025 ei=1767895&tp_key=037ff0a3e6 or a link on the Investor Relations section of the Company’s website at https:// supplies its building product solutions to both the residential and commercial markets in North America and Europe. The “can,” “may,” “likely,” “potentially,” or similar expressions. Forward-looking statements are all statements other than those of pricing actions in response to tariffs and multiyear cost increases, partially offset by lower volumes tied to a softer market. In The Company is updating its prior 2026 financial outlook to reflect actual results of the second quarter as well as its ir.simpsonmfg.com/events-and-presentations. For those unable to participate during the live broadcast, a replay of the call will Company's common stock trades on the New York Stock Exchange under the symbol “SSD”. historical fact and include, but are not limited to, statements about future financial and operating results, our plans, objectives, Europe, net sales rose 7.6% year‑over‑year, leading to a record quarter for operating income margin of 13.7%. Consolidated expectations regarding demand trends, cost of sales, and operating expenses. Based on business trends and conditions as of also be available beginning that same day at 8:00 p.m. Eastern Time until 11:59 p.m. Eastern Time on Monday, August 10, business outlook, priorities, expectations and intentions, expectations for sales and market growth, comparable sales, earnings 2026 Second Quarter Highlights profitability strengthened in the quarter, with gross margin expanding 100 basis points to 47.4% and operating margin today, July 27, 2026, the Company's outlook for the full fiscal year ending December 31, 2026, is as follows: 2026 by dialing (844) 512 - 2921 (U.S. and Canada) or (412) 317 - 6671 (International) and entering the conference ID: Copies of Simpson Manufacturing's Annual Report to Stockholders and its proxy statements and other Securities and Exchange and performance, stockholder value, effective tax rates, capital expenditures, cash flows, the housing market, the home improving 300 basis points to 25.2%, including a 100 basis point benefit from a $5.5 million eminent domain settlement and the 13761265. The webcast will remain posted on the Investor Relations section of the Company's website for 90 days. Commission (“SEC”) filings, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports improvement industry, demand for services, share repurchases, our strategic initiatives, including the impact of these initiatives l Net sales of $671.1 million increased 6.3% year-over-yearl Income from operations of $169.1 million increased 20.6% year-over-yearl Net income per diluted share of $3.09 increased 25.1% year-over-yearl Repurchased $48.7 million of common stock during the quarterl Increased 2026 share repurchase authorization by $50.0 millionl Declared a $0.30 per share dividend benefit of our 2025 strategic cost savings initiatives. These results underscore the resilience of our business model, the •Consolidated operating margin is estimated to be in the range of 19.7% to 20.5%. The operating margin range includes on Form 8-K, are made available free of charge on the SEC’s website and at the Company's website on the same day they are on our strategic and operational plans and financial results, and any statement of an assumption underlying any of the dedication of our employees, and the value customers place on our innovative solutions and trusted partnerships.” a projected gain of $10.0 million to $12.0 million on the sale of vacant land. A copy of this earnings release will be available prior to the call, accessible through the Investor Relations section of the filed with the SEC. To view these filings, visit the SEC’s website at www.sec.gov or the Financials section of the Company's foregoing. Forward looking statements in this press release include, but are not limited to, statements regarding: anticipated

The effective tax rate is estimated to be in the range of 25.0% to 26.0%, including both federal and state income tax Company's website at ir.simpsonmfg.com. website at ir.simpsonmfg.com. consolidated operating margin for 2026; expected gain on the sale of vacant land; estimated effective tax rate for 2026; and Mr. Olosky continued, “As we celebrate our 70th anniversary, we remain focused on deepening our position as the partner of rates as well as international income tax rates, and assuming no tax law changes are enacted. projected capital expenditures for 2026. . choice for our customers, driving innovation in the markets we serve, and strengthening our values-based culture - all while
Capital expenditures are estimated to be in the range of $80.0 million to $90.0 million. *Includes acquisition integration and restructuring related expenses, non-qualified deferred compensation adjustments, severance costs, other & foreign exchange loss net, and net loss or gain on disposal of assets. continuing to deliver solid financial results. Our financial ambitions remain driving above market volume growth relative to Forward-looking statements are subject to inherent uncertainties, risks and other factors that are difficult to predict and could **Includes certain reclassifications in the three and six months ended June 30, 2025, to conform to the current period presentation. United States housing starts, maintaining an operating income margin at or above 20%, and consistently driving EPS growth cause our actual results to vary in material respects from what we have expressed or implied by these forward-looking ahead of net sales growth.” statements. Important factors that could cause our actual results and financial condition to differ materially from those expressed in or implied by our forward-looking statements include the cyclicality and impact of general economic conditions; CONTACT: North America Segment 2026 Second Quarter Financial Highlights the effect of tariffs and international trade policies on our business operations; the effects of inflation and labor and supply Addo Investor Relations shortages on our operations and the operations of our customers, suppliers and business partners; volatile supply and demand investor.relations@strongtie.com Pleasanton, CA - July 27, 2026: Simpson Manufacturing Co., Inc. (the “Company”) (NYSE: SSD), an industry leader in •Net sales of $522.3 million increased 6.0% from $492.7 million primarily due to price increases that took effect in conditions affecting prices and volumes in the markets for both our products and raw materials we purchase; the impact of (310) 829-5400 engineered structural connectors and building solutions, today announced its financial results for the second quarter of 2026. June 2025 and October 2025, partly offset by a slight decrease in unit sales volumes. foreign currency fluctuations; our ability to repurchase shares of our common stock and the amounts and timing of All comparisons below (which are generally indicated by words such as “increased,” “decreased,” “remained,” or “compared •Gross margin increased to 50.2% from 49.5% due to lower material costs as a percentage of net sales and cost repurchases, if any; and those other risks discussed in the “Risk Factors” and “Management's Discussion and Analysis of to”), unless otherwise noted, are comparing the quarter ended June 30, 2026 with the quarter ended June 30, 2025. In the first savings initiatives. Financial Condition and Results of Operations” sections of our most recent Annual Report on Form 10-K, subsequent quarter of 2026, the Company reclassified certain software amortization costs related to the Company's component •Income from operations of $158.0 million increased 15.8% from $136.5 million, primarily due to the increases in Quarterly Reports on Form 10-Q and other reports we file with the SEC. manufacturing efforts from general and administrative expense to cost of sales. Additionally, for the year ended December 31, net sales as well as lower operating expense including lower personnel costs, and software licensing fees as well 2025, the Company reclassified certain quality assurance costs from general and administrative expense to cost of sales. The as a reduction in travel and entertainment costs. We caution that you should not place undue reliance on these forward-looking statements, which speak only as of the date of financial results for the three and six months ended June 30, 2025 have been recast for comparison purposes and to conform to this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new the current period classification, with $1.5 million and $3.0 million of costs being reclassified from general and administrative Europe Segment 2026 Second Quarter Financial Highlights information, future developments or otherwise, except as may be required by law. Readers are urged to carefully review and expense to cost of sales. The reclassification did not have any impact on the total income from operations. consider the various disclosures made in our reports filed with the SEC that advise of the risks and factors that may affect our
Net sales of $143.5 million increased 7.6% from $133.4 million due to both increased unit sales volumes and price business, results of operations and financial condition. Consolidated 2026 Second Quarter Highlights increases as well as the positive effect of approximately $3.7 million in foreign currency translation.
Gross margin increased to 38.2% from 36.2%, primarily driven by lower material costs, factory and tooling costs, Three Months EndedYear-Over-Six Months EndedYear-Over-June 30,YearJune 30,Year20262025Change20262025Change(In thousands, except per share data and percentages)Net sales$671,076$631,0556.3%$1,259,040$1,169,9507.6%Gross profit318,193292,8918.6%584,084543,4577.5%Gross profit margin47.4%46.4%46.4%46.5%Total operating expenses154,420152,8391.0%305,076301,0341.3%Income from operations169,130140,24420.6%283,747242,56317.0%Operating income margin25.2%22.2%22.5%20.7%Net income$127,042$103,54122.7%$215,258$181,42518.6%Net income per diluted common share$3.09$2.4725.1%$5.22$4.3320.6%Adjusted EBITDA$196,083$159,89322.6%$335,444$282,06718.9% and labor costs as a percentage of net sales. Non-GAAP Financial Measures
Income from operations of $19.7 million increased 25.7% from $15.7 million primarily due to higher gross profits. Operating expenses were negatively affected by approximately $0.7 million in foreign currency This press release includes certain financial information not prepared in accordance with Generally Accepted Accounting translation. Principles in the United States (“GAAP”). Since not all companies calculate non-GAAP financial information identically (or at *Unfavorable percentage changes are presented in parentheses, if any.**The Company manages its business by geographic segment but presents sales by product group as additional information.N/MStatistic is not material or not meaningful. all), the presentations herein may not be comparable to other similarly titled measures used by other companies. Further, these measures should not be considered substitutes for the performance measures derived in accordance with GAAP. The Company Refer to the “Segment and Product Group Information” table below for additional segment information (including information uses Adjusted EBITDA as an additional financial measure in evaluating the ongoing operating performance of its business. The about the Company’s Asia/Pacific and Administrative and All Other segments). Company believes Adjusted EBITDA allows it to readily view operating trends, perform analytical comparisons, and identify strategies to improve operating performance. Adjusted EBITDA should not be considered in isolation or as a substitute for

Corporate Developments

GAAP financial measures such as net income or any other performance measures derived in accordance with GAAP. See the Reconciliation of Non-GAAP Financial Measures below.

For the quarter ended June 30, 2026, the Company repurchased 259,846 shares of common stock in the open market at an average price of $187.47 per share, for a total of $48.7 million. As of June 30, 2026, approximately The Company defines Adjusted EBITDA as net income (loss), adjusted to exclude provision for income taxes, depreciation and $51.3 million remained available for share repurchases through December 31, 2026, under the Company's amortization, acquisition integration and restructuring costs, non-qualified compensation adjustments, lease termination costs, previously announced $150.0 million share repurchase authorization. severance costs, net loss or gain on disposal of assets, interest income or expense and other financing costs, and foreign
On July 23, 2026, the Company’s Board of Directors (the "Board") increased the 2026 share repurchase Trailing Twelve Months EndedYear-Over-June 30,Year20262025Change(In thousands, except percentages)Total U.S. Housing starts1,3591,368(0.6)% exchange and other expense (income). authorization from $150.0 million to $200.0 million.
On July 23, 2026, the Board declared a quarterly cash dividend of $0.30 per share, estimated to be $ $12.2 million in aggregate. The dividend will be payable on October 22, 2026, to the Company's stockholders of record on October 1, 2026.

Balance Sheet & 2026 Second Quarter Cash Flow Highlights

Adjusted EBITDA is a non-GAAP financial measure and is defined in the Non-GAAP Financial Measures section of this press release. For a reconciliation of Adjusted EBITDA to U.S. GAAP (as defined below) net income, see the schedule titled “Reconciliation of Non-GAAP Financial Measures.” Housing starts is based on the trailing twelve months for the periods ended June 30, 2026 and 2025 as reported by the United States Census Bureau. •As of June 30, 2026, cash and cash equivalents totaled $450.5 million with total debt outstanding of $336.7 million under the Company's $900 million credit facility. 1 2 3 4 5 6 7 8 9 10