SSD - Simpson Manufacturing GAAP EPS of $2.16 beats by $0.17 revenue of $593.23M beats by $13.39M

• Simpson Manufacturing press release ( NYSE: SSD ): Q2 GAAP EPS of $2.16 beats by $0.17 .
• Revenue of $593.23M (+44.6% Y/Y) beats by $13.39M .
• Consolidated income from operations of $133.1 million increased 30.8% from $101.7 million. The increase was primarily due to the increase in consolidated gross profit, partly offset by higher operating expenses, including $14.9 million attributable to ETANCO, and $5.9 million for integration costs also related to ETANCO.
• Consolidated operating margin decreased to 22.4% from 24.8%.
• FY 2022 Guidance : Operating margin is expected to be in the range of 19.0% to 21.0%; Capital expenditures are expected to be in the range of $80.0 million to $90.0 million including amounts attributable to ETANCO.

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