Simpson Manufacturing Co., Inc., through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products. It also provides connectors and lateral products for wood framing, timber and offsite construction, structural steel construction, and cold-formed steel applications; and mechanical and adhesive anchors for concrete and masonry construction applications. In addition, the company offers engineering and design services, as well as software solutions that facilitate the specification, selection, and use of its products. It markets its products to the residential construction, light industrial and commercial construction, remodeling, and do-it-yourself markets in the United States, Canada, France, the United Kingdom, Germany, Denmark, Switzerland, Portugal, Poland, the Netherlands, Belgium, Spain, Sweden, Norway, Australia, New Zealand, China, Taiwan, and Vietnam. The company was founded in 1956 and is headquartered in Pleasanton, California.
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Here are 1-3 brief analogies for Simpson Manufacturing (SSD):
- The Intel of structural wood construction components: Simpson Manufacturing provides the essential connectors and fasteners that hold wood-framed buildings together, much like Intel provides the essential processors that power computers.
- The Sherwin-Williams of building structural connections: Just as Sherwin-Williams dominates the market for paints and coatings in construction, Simpson Manufacturing is a leading supplier of specialized structural connectors and fasteners.
- The Michelin of building fasteners and connectors: Simpson Manufacturing creates critical, engineered fasteners and connectors vital for the safety and structural integrity of buildings, similar to how Michelin provides safety-critical tires for vehicles.
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Connectors and Fasteners: Engineered structural connectors, fasteners, and other related products used in timber and light-gauge steel construction.
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Repair, Protection, and Strengthening: Products and systems for the repair, protection, and strengthening of concrete, masonry, and other structures.
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Adhesives and Sealants: A range of anchoring adhesives, epoxy sealants, and other chemical solutions for construction and repair.
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Simpson Manufacturing Co., Inc. (SSD) primarily sells its products to other companies.
Simpson Manufacturing's major customers are wholesale distributors and large retail home centers that then sell to professional builders, contractors, and do-it-yourselfers. While no single customer accounted for 10% or more of Simpson Manufacturing's consolidated net sales in recent fiscal years, the company's sales channels are dominated by these types of entities. The following are prominent examples of companies that serve as key customers within their respective categories:
- Wholesale Distributors:
- Beacon Roofing Supply, Inc. (NASDAQ: BECN)
- ABC Supply Co. Inc. (private company)
- SRS Distribution Inc. (private company, a major distributor recently acquired by The Home Depot)
- Retail Home Centers:
- The Home Depot, Inc. (NYSE: HD)
- Lowe's Companies, Inc. (NYSE: LOW)
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Michael Olosky, President & Chief Executive Officer
Mr. Olosky has served as the President and Chief Executive Officer of Simpson Manufacturing Co., Inc. since January 2023. Prior to this, he was the President and Chief Operating Officer from January 2022 to December 2022, and Chief Operating Officer from November 2020 to January 2022. Before joining Simpson, Mr. Olosky spent over 22 years in various leadership positions at Henkel, a global chemical and consumer goods company, where he most recently served as the Regional President, Henkel North America and Head of the Electronics and Industrial Division. His experience at Henkel includes over nine years of international operations leadership. He holds a BS in Mechanical Engineering, an MBA, and an MS in Mechanical Engineering.
Matt Dunn, Chief Financial Officer & Treasurer
Mr. Dunn has served as the Chief Financial Officer and Treasurer of Simpson Manufacturing Co., Inc. since 2025. Before his role at Simpson, he was the Senior Vice President of Finance, North America Region at Helen of Troy, and held a role in Finance & Operations – Beauty.
Ricardo Arevalo, Chief Operating Officer, Simpson Strong-Tie
Mr. Arevalo joined Simpson Strong-Tie, a subsidiary of Simpson Manufacturing Co., Inc., in 1999. He served as Vice President of Engineering since 2008 and was appointed Chief Operating Officer of Simpson Strong-Tie effective July 1, 2014. His career at Simpson Strong-Tie has focused on personal growth, community engagement, and risk-taking innovation.
Roger Dankel, Executive Vice President, North American Sales
Mr. Dankel has served as the Executive Vice President, North American Sales for Simpson Manufacturing Co., Inc. since January 2023. He began his career with Simpson Strong-Tie in 1993 and served as sales manager for the southeast branch since 1997. He is responsible for the strategic leadership of the company's sales, customer support, and distribution.
Jennifer Lutz, Executive Vice President, Human Resources
Ms. Lutz has served as the Executive Vice President, Human Resources for Simpson Manufacturing Co., Inc. since January 2023. She joined Simpson Strong-Tie in April 2013 as the Director, Human Resources, and was promoted to Vice President, Human Resources in December 2015. In her current role, she oversees compensation, benefits, employee relations, HR systems, recruitment, learning, organizational development, and talent strategy. Ms. Lutz holds a BA in Psychology from Emory University.
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The key risks to Simpson Manufacturing (SSD) are primarily linked to the cyclical nature of its core markets and external economic factors impacting its operations and profitability.
- Economic and Market Cyclicality: Simpson Manufacturing's performance is highly dependent on the stability and activity within the housing and residential construction markets, particularly in North America. Factors such as consumer confidence, interest rates, and the broader housing-start cycles directly influence demand for its products, making the company susceptible to economic downturns and market fluctuations.
- Raw Material Cost Volatility and Supply Chain Disruptions: The company faces significant risk from fluctuating raw material costs, especially steel, which can compress margins and impact overall profitability. Additionally, general inflation, labor shortages, and broader supply chain disruptions can increase operational costs and affect the company's ability to meet demand.
- Customer Concentration: Simpson Manufacturing relies on a limited number of large customers. The loss of one or more of these significant customers could materially reduce the company's net sales and profits.
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Simpson Manufacturing Co., Inc. (SSD) is a prominent manufacturer of building materials, specializing in structural connectors, fasteners, and anchors for wood, concrete, and steel construction. The company provides solutions for new construction, retrofitting, and remodeling across North America, Europe, and the Asia Pacific region.
Based on their main products and services, the addressable markets for Simpson Manufacturing are as follows:
- Global Timber Construction Connectors Market: This market was estimated at USD 1.45 billion in 2025.
- Global Construction Fastener Market: This market was projected to be USD 8.3 billion in 2023.
- U.S. Construction Fasteners Market: This market was valued at USD 4.85 billion in 2024, and is projected to reach USD 7.16 billion by 2035.
- U.S. Residential Remodeling and Repair Market: Annual expenditures for home renovation and repair are projected to reach $509 billion in 2025.
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Expected Drivers of Future Revenue Growth for Simpson Manufacturing (SSD)
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Strategic Price Increases: Simpson Manufacturing has demonstrated its ability to implement price increases, contributing to revenue growth even amidst challenging market conditions. This strategy has been noted in recent quarters, including Q3 2025 and Q1 2025, to offset rising costs and maintain profitability.
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Expansion of Product Offerings and New Product Launches: The company is focused on expanding its product portfolio, particularly in national retail markets, and has introduced new offerings such as CS Producer, its first cloud-based truss management software, in Q3 2025. Additionally, there is reported strong growth in OEM mass timber solutions and ongoing investments in digital solutions to bring innovative products to market.
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Consistent Market Share Gains: Simpson Manufacturing has consistently achieved growth above the broader market, as evidenced by its above-market growth relative to US housing starts, which has accelerated to approximately 7 percentage points above the market in recent periods. This indicates a continued ability to capture market share, with volume growth in North America exceeding U.S. housing starts by approximately 600 basis points in Q4 2024.
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Strategic Acquisitions: Acquisitions play a role in Simpson Manufacturing's growth strategy, contributing to increased sales, particularly in the North American segment. Examples include the acquisition of QuickFrames USA in Q3 2024, which expanded offerings in commercial construction, and gaining market share in the component manufacturer market through acquisitions like Monet DeSauw.
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Enhanced Production Capacity and Operational Efficiency: Investments in facility expansions, such as the completed Columbus, Ohio plant and the upcoming Gallatin, Tennessee fastener facility by late 2025, are aimed at increasing domestic production capacity. These initiatives are expected to drive efficiency gains and improve cost control, supporting revenue growth by enabling the company to better meet evolving customer demands and manage raw material volatility.
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Share Repurchases
- In October 2025, Simpson Manufacturing's Board authorized an additional $20 million in share repurchases for 2025, increasing the total 2025 authorization to $120 million, and a new $150 million authorization for 2026.
- The company repurchased $30.0 million of common stock in the third quarter of 2025, bringing the total for the nine months ended September 30, 2025, to $90.0 million. In the first quarter of 2025, $25.0 million in common stock was repurchased.
- Total share repurchases amounted to approximately $107.75 million in 2024 and $57.43 million in 2023.
Share Issuance
- Small amounts of shares were issued, primarily related to employee stock awards.
- 9,800 shares were issued in 2023.
- 9,300 shares were issued in 2022.
Outbound Investments
- On April 1, 2022, Simpson Manufacturing completed the acquisition of 100% of ETANCO, a leading designer, manufacturer, and distributor of fixing and fastening solutions for the European building and construction market.
- The company made strategic asset acquisitions in 2023 to accelerate product line expansion.
- Simpson Manufacturing also invested in venture capital funds and other companies focused on the home building industry and related new technologies in 2023.
Capital Expenditures
- Expected capital expenditures for 2025 are estimated to be between $150.0 million and $160.0 million.
- Approximately $75.0 million to $80.0 million of the 2025 capital expenditures is allocated for the Columbus, Ohio facility expansion and the construction of a new facility in Gallatin, Tennessee.
- Cash flow from investing activities was -$259 million in 2024 and -$103 million in 2023. The company is shifting its focus towards productivity-enhancing capital expenditures.
