Revenue: As of FY2025, the actual value is USD 2.333 B, beating the estimate of USD 2.324 B.EPS: As of FY2025, the actual value is USD 8.24, beating the estimate of USD 8.1225.<h4>Segment Revenue</h4>Simpson Manufacturing Co., Inc.’s consolidated net sales increased approximately 4.5% to $2.33 billion for the fiscal year ended December 31, 2025, driven by pricing increases, incremental sales from 2024 acquisitions, and a positive foreign currency translation effect of $17.7 million.<ul><li>North America Segment: Net sales increased 4.5% to $1.81 billion in 2025 from $1.74 billion in 2024, accounting for 77.8% of total net sales in both years. Wood construction product net sales rose 3.7%, while concrete construction product sales increased 8.6% year-over-year.</li><li>Europe Segment: Net sales increased 4.3% to $499.56 million in 2025 from $479.05 million in 2024, with approximately $20.4 million attributed to favorable foreign currency translation. Wood construction product net sales increased 3.1%, and concrete construction product net sales increased 9.3%. This segment represented 21.4% of total net sales in 2025.</li><li>Asia/Pacific Segment: Net sales increased 12.7% to $19.39 million in 2025 from $17.21 million in 2024, contributing 0.8% to total net sales in 2025.</li><li>Product Categories: Wood construction products constituted 84.4% of total net sales in 2025, while concrete construction products made up 15.5%.</li></ul><h4>Operational Metrics</h4><ul><li>Gross Profit: Consolidated gross profit increased approximately 4.5% to $1.07 billion in 2025 from $1.02 billion in 2024, with the consolidated gross margin remaining consistent at 45.9% in both years.<ul><li>North America’s gross margin decreased to 48.8% from 48.9%.</li><li>Europe’s gross margin increased to 35.8% from 35.3%.</li><li>Asia/Pacific’s gross margin decreased to 33.3% from 33.7%.</li></ul></li><li>Operating Expenses: Total operating expenses increased to $626.98 million in 2025 from $588.55 million in 2024.<ul><li>Research and development and other engineering expense increased 0.7% to $82.48 million in 2025.</li><li>Selling expense increased 4.3% to $222.81 million.</li><li>General and administrative expense increased 9.8% to $321.69 million.</li><li>Acquisition and integration related costs decreased to $1.07 million in 2025 from $5.81 million in 2024.</li><li>Net gain on disposal of assets was $16.50 million in 2025, compared to $447 thousand in 2024, primarily due to the sale of the existing Gallatin, Tennessee facility.</li></ul></li><li>Income from Operations: Consolidated income from operations increased 6.5% to $458.07 million in 2025 from $429.98 million in 2024.<ul><li>North America’s income from operations increased by $9.24 million.</li><li>Europe’s income from operations increased by $10.06 million, and its operating margin increased to 8.8% from 7.1%.</li><li>Asia/Pacific’s income from operations increased by $890 thousand.</li></ul></li><li>Net Income: Consolidated net income was $345.08 million in 2025, up from $322.22 million in 2024.</li><li>Adjusted EBITDA: Adjusted EBITDA increased 3.3% to $544.28 million in 2025 from $526.80 million in 2024.</li><li>Effective Tax Rate: The effective income tax rate decreased to 25.4% in 2025 from 25.8% in 2024.</li></ul><h4>Cash Flow</h4><ul><li>Operating Activities: Net cash provided by operating activities was $458.66 million in 2025, an increase from $338.16 million in 2024.</li><li>Investing Activities: Net cash used in investing activities was - $136.23 million in 2025, a decrease from - $259.26 million in 2024, with capital expenditures at $161.04 million in 2025.</li><li>Financing Activities: Net cash used in financing activities was - $186.08 million in 2025, compared to - $261.46 million in 2024. This included - $419.0 million in loan principal payments, - $120.0 million for common stock repurchases, and - $47.6 million for cash dividends, partly offset by $403.8 million in loan proceeds.</li><li>Free Cash Flow: From the beginning of 2022 to the fiscal year ended December 31, 2025, Simpson Manufacturing Co., Inc. returned $531.8 million to stockholders, representing 47.0% of its free cash flow from operations during that period.</li></ul><h4>Outlook / Guidance (Fiscal Year 2026)</h4>Simpson Manufacturing Co., Inc. projects its consolidated operating margin for fiscal year 2026 to be between 19.5% and 20.5%, including an estimated gain of $10.0 million to $12.0 million from the sale of vacant land. The effective tax rate is estimated to be between 25.0% and 26.0%, assuming no tax law changes. Capital expenditures are estimated to range from $75.0 million to $85.0 million.

Simpson MFG | 10-K: FY2025 Revenue Beats Estimate at USD 2.333 B