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.
Synopsis
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Simpson Manufacturing: U.S. And Europe Macroeconomic Challenges Creating Headwinds