SSD

EX-99.1

2 q32026ex991earningsrelease.htm

EX-99.1

Q3 2026 EX 99.1 Earnings Release

1 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.”

2 Housing starts is based on the trailing twelve months for the periods ended September 30, 2026 and 2025 as reported by the United States Census Bureau.

1

Exhibit 99.1

Press Release

Simpson Manufacturing Co., Inc.

Announces 2026 Third Quarter Financial Results and Updates 2026 Guidance

2026 Third Quarter Highlights

l

Net sales of $638.1 million increased 2.3% year-over-year

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Income from operations of $141.0 million increased 0.2% year-over-year

l

Net income per diluted share of $2.68 increased 3.9% year-over-year

l

Repurchased $66.3 million of common stock during the quarter

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Approved a new $1.0 billion share repurchase authorization

l

Declared a $0.30 per share dividend

Pleasanton, CA - October 26, 2026: Simpson Manufacturing Co., Inc. (the “Company”) (NYSE: SSD), an industry leader in

engineered structural connectors and building solutions, today announced its financial results for the third quarter of 2026. All

comparisons below (which are generally indicated by words such as “increased,” “decreased,” “remained,” or “compared to”),

unless otherwise noted, are comparing the quarter ended September 30, 2026 with the quarter ended September 30, 2025. In the

first quarter of 2026, the Company reclassified certain software amortization costs related to the Company's component

manufacturing efforts from general and administrative expense to cost of sales. Additionally, for the year ended December 31,

2025, the Company reclassified certain quality assurance costs from general and administrative expense to cost of sales. The

financial results for the three and nine months ended September 30, 2025 have been recast for comparison purposes and to

conform to the current period classification, with $1.6 million and $4.6 million of costs being reclassified from general and

administrative expense to cost of sales. The reclassification did not have any impact on the total income from operations.

Consolidated 2026 Third Quarter Highlights

Three Months Ended

Year-Over-

Nine Months Ended

Year-Over-

September 30,

Year

September 30,

Year

2026

2025

Change

2026

2025

Change

(In thousands, except per share data and percentages)

Net sales

$638,130

$623,513

2.3%

$1,897,170

$1,793,463

5.8%

Gross profit

291,583

287,671

1.4%

875,667

831,128

5.4%

Gross profit margin

45.7%

46.1%

46.2%

46.3%

Total operating expenses

150,498

160,700

(6.3)%

455,574

461,734

(1.3)%

Income from operations

141,009

140,743

0.2%

424,756

383,306

10.8%

Operating income margin

22.1%

22.6%

22.4%

21.4%

Net income

$109,124

$107,444

1.6%

$324,382

$288,869

12.3%

Net income per diluted common

share

$2.68

$2.58

3.9%

$7.90

$6.89

14.7%

Adjusted EBITDA1

$167,239

$155,712

7.4%

$502,683

$437,779

14.8%

Trailing Twelve Months Ended

Year-Over-

September 30,

Year

2026

2025

Change

(In thousands, except percentages)

Total U.S. Housing starts2

1,344

1,370

(1.9)%

2

Management Commentary

“Our third quarter performance reflects the resilience of our business and continued progress against our key growth initiatives

despite a challenging market environment,” said Mike Olosky, President and Chief Executive Officer of Simpson

Manufacturing Co., Inc. “Net sales increased 2.3% year-over-year to $638.1 million, supported by our pricing actions, while

global volumes remained relatively flat. We continued to outperform the majority of our relevant end markets and delivered

solid growth across several key areas, including residential, commercial, OEM, and component manufacturer. Our teams are

continuing to strengthen our position with customers through differentiated product solutions, software and service, while

advancing opportunities across a broader range of applications. We also maintained a strong operating margin of 22.1%,

demonstrating disciplined cost management and execution despite higher steel costs.”

Mr. Olosky continued, “Looking ahead, demand for our value-added solutions remains encouraging, although we are

navigating a more challenging near-term operating environment characterized by housing affordability pressures, higher steel

costs and tighter steel availability. We remain disciplined in our approach to pricing and cost management while maintaining

the reliable supply, service and technical support our customers expect from Simpson. As we look at 2027, we expect to take

additional pricing actions to address the evolving cost environment. We believe the strength of our customer relationships,

differentiated market position and continued investments in our key growth initiative

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