# Simpson Reports Modest Sales Growth and Expands Buyback Authorization

Quarterly sales rose 2.3%, while operating margin narrowed and a land-sale gain moved into the fourth quarter.

By Will Langan | 24X7 News
Published: 2026-10-26T23:06:30.793Z
Updated: 2026-10-26T23:06:30.793Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/simpson-third-quarter-sales-buyback-october-26-2026

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

## Sources
- Simpson October 26 earnings release: https://www.prnewswire.com/news-releases/simpson-manufacturing-co-inc-announces-2026-third-quarter-financial-results-and-updates-2026-guidance-302918800.html