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Simpson Manufacturing Reports First Quarter Earnings.

Publication: M2 Presswire
Publication Date: 30-APR-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 April 2007-Headline Maker: Simpson Manufacturing Reports First Quarter Earnings(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:30042007

Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Activity on the NYSE market has brought this company to the attention of our research team. Simpson Manufacturing Co., Inc. (NYSE: SSD), is responding to the attention of investors. Our goal is to create a community of international investors who consistently and effectively capitalize on the enormous gains the small-cap Canadian and American exchanges offer.

Simpson Manufacturing Co., Inc. (NYSE: SSD; the "Company") announced that its first quarter 2007 net sales decreased 10.4% to $193.2 million as compared to net sales of $215.7 million for the first quarter of 2006. Net income decreased 31.3% to $17.3 million for the first quarter of 2007 as compared to net income of $25.2 million for the first quarter of 2006. Diluted net income per common share was $0.35 for the first quarter of 2007 as compared to $0.51 for the first quarter of 2006.

In the first quarter of 2007, sales declined throughout all regions of the United States except for California,...

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