Simpson Manufacturing reported third-quarter sales of $638.1 million on October 26, up 2.3% from a year earlier, alongside a new $1 billion share-repurchase authorization.
The building-products company's net income rose 1.6% to $109.1 million, and diluted earnings per share increased 3.9% to $2.68. Operating income grew 0.2% to $141 million, while operating margin declined to 22.1% from 22.6%.
The results cover the quarter ended September 30. North American sales increased 3.8% to $502 million, whereas European sales declined 3.4% to $129.9 million.
The board approved the buyback authorization October 22, replacing an earlier $200 million authorization. An authorization permits purchases; it is separate from the $66.3 million in shares actually repurchased during the quarter.
Simpson now projects a full-year operating margin of 20%–20.5%. That forecast includes an estimated $11 million gain from selling land in Stockton, California. The sale closed in the fourth quarter, so the company expects to recognize the gain then rather than in third-quarter results.
Sources: https://www.prnewswire.com/news-releases/simpson-manufacturing-co-inc-announces-2026-third-quarter-financial-results-and-updates-2026-guidance-302918800.html