Simpson Manufacturing Q4 earnings up 19%
Simpson Manufacturing reported fourth quarter 2018 net sales of $241.8 million, up 4.4% from net sales of $237.1 million for the fourth quarter 2017.
For the full year, the structural connectors manufacturer and building solutions provider posted 2018 net sales of $1.07 billion up nearly 10% from sales of $977 million for the previous year.
Simpson reported a net income of $15.6 million for the fourth quarter, rising 19% from a net income of $13.1 for the corresponding period a year ago.
For 2018, the Pleasanton, Calif.-based company reported a net income of $129.5 million – nearly a 40% increase from a 2017 net income of $92.6 million.
North America net sales for the year rose 13.3% to $910.6 million compared to $803.7 million, due to increases in both sales volumes and average net sales unit prices, the company said. Sales in Europe decreased 3.7% to $159 million, however.
For the full year, the structural connectors manufacturer and building solutions provider posted 2018 net sales of $1.07 billion up nearly 10% from sales of $977 million for the previous year.
Simpson reported a net income of $15.6 million for the fourth quarter, rising 19% from a net income of $13.1 for the corresponding period a year ago.
For 2018, the Pleasanton, Calif.-based company reported a net income of $129.5 million – nearly a 40% increase from a 2017 net income of $92.6 million.
North America net sales for the year rose 13.3% to $910.6 million compared to $803.7 million, due to increases in both sales volumes and average net sales unit prices, the company said. Sales in Europe decreased 3.7% to $159 million, however.