Did Simpson Manufacturing beat or miss consensus estimates last quarter?

What factors drove the changes in Simpson Manufacturing's revenue and profit?

What is the market's earnings forecast for Simpson Manufacturing next quarter?

What is the revenue and EPS growth rate for Simpson Manufacturing year over year?

What were the key takeaways from Simpson Manufacturing's earnings call?

What is Simpson Manufacturing's gross profit margin?

What does Simpson Manufacturing do and what are its main business segments?

What were the key takeaways from Simpson Manufacturing’s earnings call?

- **Revenue Growth**: 6.2% YoY driven by $100 million price increases, offsetting 1.4% volume decline.
- **Cost Savings**: $30 million annualized via workforce reduction, $9-12 million one-time costs.
- **Gross Margin Resilience**: 46.4% despite tariffs, Europe margin up 1.3pts to 37.9%.
- **Share Buybacks**: $30 million Q3, $150 million 2026 authorization.
- **Market Outlook**: U.S. housing starts down mid-single digits, Europe stable.

**【Management Opening Remarks】**
- Simpson Manufacturing Co. reported third-quarter 2025 net sales of $623.5 million, a 6.2% year-over-year increase, driven by price hikes and foreign exchange gains.
- The company emphasized navigating a challenging housing market through strategic cost-saving initiatives and innovation.

**【CEO Summary Section】**
- **Revenue Growth**: 6.2% YoY increase, with $30 million from June price increases and $100 million annualized impact from October tariffs.
- **Market Challenges**: North American volumes down 2.7% Q/Q, Europe up 10.9% YoY on local currency basis.
- **Strategic Initiatives**: $30 million annualized cost savings via workforce reduction and portfolio optimization, with $9-12 million one-time severance costs.
- **Innovation**: Launch of CS Producer software for truss manufacturers, gaining industry traction.

**【CFO Financial Commentary】**
- **Gross Margin**: 46.4% (down 40bps YoY) due to tariffs, labor costs; Europe margin improved to 37.9%.
- **Operating Expenses**: +9% YoY to $162.3 million, driven by variable compensation and severance costs.
- **Adjusted EBITDA**: $155.3 million (+4.5% YoY), with $12.9 million gain from Gallatin facility sale.
- **Balance Sheet**: $297.3 million cash, $369.2 million debt; $150-160 million 2025 capex for facility expansions.
- **Share Repurchases**: $30 million Q3 buyback; $150 million 2026 authorization.

**【Q&A Key Highlights】**
- **Cost Savings Breakdown**: 90%+ in SG&A, $3 million Q3 severance costs, $9-12 million 2025 total.
- **Market Outlook**: U.S. housing starts expected down mid-single digits in 2025, Europe stable.
- **Tariff Impact**: 80% of tariff effects reflected in Q3, full flow-through by Q1 2026.
- **Gross Margin Trends**: Concrete products down 1.7pts YoY, wood products stable.
- **Europe Performance**: +4.3% local currency sales, outpacing market with +10.9% reported growth.

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