When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
SSD - Simpson Manufacturing: U.S. And Europe Macroeconomic Challenges Creating Headwinds
Simpson Manufacturing Company Inc.
2024-02-21 01:36:44 ET
Summary
Simpson Manufacturing's revenue growth in 2023 was significantly lower than in previous years, but its margins remained robust.
Although SSD commands quite a sizable market share in its core markets, these markets still have room for expansion. Therefore, they provide opportunities for SSD to grow its business.
Its current share price lacks a sufficient margin of safety, and the company faced challenging macro environments in the US and Europe. In addition, it is expected to continue into 1H24.