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Simpson Manufacturing Co., Inc. Announces Third Quarter Results.

Publication: Marketing Weekly News
Publication Date: 14-NOV-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Simpson Manufacturing Co., Inc. Announces Third Quarter Results.(Financial report)

Article Excerpt
Simpson Manufacturing Co., Inc. (the "Company") announced that its third quarter 2009 net sales decreased 23.9% to $167.2 million compared to net sales of $219.8 million for the third quarter of 2008. The Company had net income of $12.8 million for the third quarter of 2009 compared to net income of $23.4 million for the third quarter of 2008. Diluted net income per common share was $0.26 for the third quarter of 2009 compared to diluted net income per common share of $0.48 for the third quarter of 2008. In the first nine months of 2009, net sales decreased 25.4% to $452.4 million as compared to net sales of $606.7 million for the first nine months of 2008. Net income was $15.0 million for the first nine months of 2009 as compared to net income of $52.1 million for the first nine months of 2008. Diluted net income per common share was $0.31 for the first nine months of 2009 as compared to $1.06 for the first nine months of 2008.

In the third quarter of 2009, sales declined throughout the United States. Sales during the quarter also decreased throughout Europe, with the exception of France, and decreased in the United Kingdom...



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