Revenue Update on Simpson Manufacturing Co(NYSE:SSD)

Simpson Manufacturing Co(NYSE:SSD) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $229.97M. Analysts estimated a revenue of $227.12M. Earnings per share were $0.54. Analysts had estimated an EPS of $0.49.

Simpson Manufacturing Co (SSD) made into the market gainers list on Thursdays trading session with the shares advancing 0.29% or 0.12 points. Due to strong positive momentum, the stock ended at $40.99, which is also near the day’s high of $41.22. The stock began the session at $40.98 and the volume stood at 78,085 shares. The 52-week high of the shares is $41.71 and the 52 week low is $30.25. The company has a current market capitalization of $1,981 M and it has 4,83,18,660 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 11, 2016, Sharon H Simpson (10% owner) sold 2,420 shares at $38.16 per share price.Also, On Apr 28, 2016, Sunny H Leung (Vice President) sold 988 shares at $38.75 per share price.On Sep 14, 2015, Thomas J Fitzmyers (Vice Chairman of the Board) sold 6,195 shares at $34.95 per share price, according to the Form-4 filing with the securities and exchange commission.

Simpson Manufacturing Co. Inc. through its subsidiary Simpson Strong-Tie Company Inc. (SST) designs engineers and manufactures wood construction products including connectors truss plates fastening systems fasteners and lateral systems used in light-frame construction. The Company also offers concrete construction products used for concrete masonry steel and for concrete repair protection and strengthening including adhesives chemicals mechanical anchors carbide drill bits powder actuated tools and fiber reinforced materials. The Company operates in three segments: North America Europe and Asia/Pacific. The North America segment includes operations in the United States and Canada. The Europe segment includes operations in France the United Kingdom Germany Denmark Switzerland Portugal and Poland. The Asia/Pacific segment includes operations in China Hong Kong Thailand Australia New Zealand South Africa and the Middle East.

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