Revenue: As of FY2026 Q1, the actual value is USD 587.96 M, beating the estimate of USD 552.36 M.

EPS: As of FY2026 Q1, the actual value is USD 2.13, beating the estimate of USD 1.868.

EBIT: As of FY2026 Q1, the actual value is USD 111.87 M, beating the estimate of USD 100.53 M.

Segmented Revenue

• North America:
  • Net sales increased by 9.8% to $461,925 thousand in Q1 2026 from $420,699 thousand in Q1 2025, driven by price increases, slight increase in sales volumes, and a positive foreign currency translation effect of approximately $1.2 million.
  • Wood construction product net sales increased 8.6%.
  • Concrete construction product net sales increased 18.6%.
• Europe:
  • Net sales increased by 6.3% to $121,047 thousand in Q1 2026 from $113,860 thousand in Q1 2025, primarily due to a positive foreign currency translation effect of approximately $13.2 million and price increases, partly offset by lower sales volumes.
  • Wood construction product net sales increased 6.7%.
  • Concrete construction product net sales increased 4.7%.
• Asia/Pacific: Net sales increased by 15.1% to $4,992 thousand in Q1 2026 from $4,336 thousand in Q1 2025.

Segmented Operating Metrics

• North America:
  • Gross margin decreased to 47.8% in Q1 2026 from 49.8% in Q1 2025, primarily due to tariffs and higher material, labor, and factory and overhead costs as a percentage of net sales.
  • Selling expense decreased by 3.3%.
  • General and administrative expense increased by 1.7%.
  • Income from operations increased by $13,500 thousand to $118,310 thousand in Q1 2026 from $104,848 thousand in Q1 2025, attributed to higher net sales and lower operating expenses.
• Europe:
  • Gross margin increased to 36.3% in Q1 2026 from 35.2% in Q1 2025, driven by higher pricing and lower material costs, partially offset by higher factory and tooling costs.
  • Income from operations decreased by $2,200 thousand to $7,091 thousand in Q1 2026 from $9,309 thousand in Q1 2025, partly due to lower sales volumes. Operating expenses were negatively affected by approximately $3.8 million in foreign currency translation and $1.5 million in one-time cost savings initiative costs.
• Administrative & All Other: Loss from operations decreased to -$11,027 thousand in Q1 2026 from -$12,196 thousand in Q1 2025, due to higher gross profits.

Cash Flow

• Operating Activities: Net cash provided by operating activities was $35,547 thousand for the three months ended March 31, 2026, compared to $7,563 thousand in the prior year. This included $88,216 thousand from net income plus $35,500 thousand of non-cash expenses, partly offset by $88,200 thousand used for net change in operating assets and liabilities.
• Investing Activities: Net cash used in investing activities was -$19,049 thousand for the three months ended March 31, 2026, primarily consisting of -$17,632 thousand for machinery and equipment purchases.
• Financing Activities: Net cash used in financing activities was -$68,952 thousand for the three months ended March 31, 2026, primarily consisting of -$50,000 thousand in stock repurchases and -$12,000 thousand for dividends paid.

Unique Metrics

• Wood Construction Products Revenue: $497,664 thousand in Q1 2026, compared to $459,442 thousand in Q1 2025, representing 84.6% and 85.3% of total net sales, respectively.
• Concrete Construction Products Revenue: $89,127 thousand in Q1 2026, compared to $77,683 thousand in Q1 2025, representing 15.2% and 14.4% of total net sales, respectively.
• Non-cash net working capital: $615,954 thousand as of March 31, 2026, compared to $673,925 thousand as of March 31, 2025.

Future Outlook and Strategy

For the full fiscal year ending December 31, 2026, Simpson Manufacturing Co., Inc. anticipates a consolidated operating margin between 19.5% and 20.5%, including a projected gain of $10.0 million to $12.0 million from land sale. The estimated effective tax rate is expected to be between 25.0% and 26.0%, with capital expenditures projected from $75.0 million to $85.0 million. The company’s strategy aims for above-market volume growth relative to U.S. housing starts, maintaining an operating income margin at or above 20%, and delivering earnings per share growth exceeding net revenue growth.