SSD - Simpson Manufacturing GAAP EPS of $2.05 beats by $0.65 revenue of $534.4M beats by $47.95M

2023-04-24 16:30:03 ET

• Simpson Manufacturing press release ( NYSE: SSD ): Q1 GAAP EPS of $2.05 beats by $0.65 .
• Revenue of $534.4M (+8.3% Y/Y) beats by $47.95M .
• Consolidated gross profit of $252.9 million increased 6.8% from $236.8 million. Gross margin decreased to 47.3% from 48.0%.
• Cash flow provided by operating activities decreased approximately $41.6 million from $44.7 million to $3.1 million, primarily from increases in working capital and decreases in net income.
• Cash flow used in investing activities increased approximately $10.0 million from $17.1 million to $27.1 million

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