Simpson Manufacturing Co., Inc. (NYSE: SSD) reported financial results for the third quarter of 2026, highlighting a 2.3% increase in net sales to $638.1 million. The company reported income from operations of $141.0 million, a 0.2% increase year-over-year, and net income of $109.1 million, representing a 1.6% increase. Diluted earnings per share rose to $2.68, up 3.9% from the prior year.
On the segment level, North American net sales increased 3.8% to $502.0 million, driven by price increases and higher unit volumes. Conversely, European net sales decreased 3.4% to $129.9 million due to lower unit sales volumes, partially offset by price increases. The company noted that U.S. housing starts for the trailing twelve months ended September 30, 2026, were 1,344, a decrease of 1.9% compared to the prior year.
In corporate developments, the company’s Board of Directors authorized a new share repurchase program on October 22, 2026, permitting the purchase of up to $1.0 billion of outstanding common shares. This authorization supersedes the previous $200 million authorization. Additionally, the Board declared a quarterly cash dividend of $0.30 per share, payable on January 28, 2027, to stockholders of record on January 7, 2027. During the quarter, Simpson repurchased 352,346 shares for a total of $66.3 million.
The company updated its full-year 2026 guidance, estimating consolidated operating margins to be between 20.0% and 20.5%. The outlook includes a projected gain of $11.0 million from the sale of unimproved land in Stockton, California, which is expected to close in the fourth quarter. The company also estimated capital expenditures for the year to be between $80.0 million and $90.0 million.
