Overview * Simpson Manufacturing Q3 net sales rose 6.2%, beating analyst expectations * Net income per diluted share increased 16.7% year-over-year * Company increased 2025 share repurchase authorization to $120 mln Outlook * Simpson Manufacturing expects 2025 operating margin between 19.0% and 20.0% * Company estimates 2025 effective tax rate between 25.5% and 26.5% * Capital expenditures for 2025 estimated at $150.0 mln to $160.0 mln Result Drivers * PRICING AND FX - Pricing actions and foreign exchange benefits contributed to 6.2% net sales growth, despite housing market challenges * NORTH AMERICA SALES - North America sales increased 4.8% due to price hikes and acquisitions, partially offset by lower volumes * COST SAVINGS INITIATIVES - Strategic cost savings initiatives expected to generate $30 mln in annualized savings Key Details Metric Beat/Mis Actual Consensu s s Estimate Q3 Sales Beat $623.51 $604.85 mln mln (3 Analysts ) Q3 EPS $2.58 Q3 Net $107.44 Income mln Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
