SSD - Simpson Manufacturing: A Solid Business Finds Itself In A Tougher Spot
2024-04-26 00:31:05 ET
Summary
- Simpson Manufacturing focuses on wood connectors and fasteners, supplying directly to OEMs, R&R outlets, and the DIY segment.
- SSD has experienced solid growth, with sales reaching over $1.2 billion in 2020, which by now have grown to $2.2 billion.
- Despite some margin reversion expectations, the Company has a strong track record and potential for long-term growth, making it an attractive investment on dips from here.
In the summer of last year, I concluded that the bolts were on in the case of Simpson Manufacturing ( SSD ) . After a few strong years, during which the company posted above-average operating margins, I was fearful about the prospects for the shares amidst a more than fair valuation multiple and above-average operating margins possible reverting....
Simpson Manufacturing: A Solid Business Finds Itself In A Tougher Spot