Filing Flows › Simpson Manufacturing (SSD) › Q1 2025
Simpson Manufacturing (SSD) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Simpson Manufacturing (SSD) reported revenue of $539M for the first quarter 2025 (Q1 2025), +2% from a year earlier and +4% from the quarter before. Operating margin was 19.0%, net earnings $77.9M (14.5% of revenue).
Simpson Manufacturing, Q1 2025: revenue $539M (+2% year over year), operating margin 19.0%, net earnings $77.9M, operating cash flow $7.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $539M | +4% | +2% |
| Gross profit | $251M | +11% | +2% |
| Operating profit | $102M | +33% | +6% |
| Net earnings | $77.9M | +40% | +3% |
| Operating cash flow | $7.6M | -93% | -5% |
What changed
Revenue was $538.9M in Q1 2025, up 2% year over year and up 4% from the previous quarter. Wood Construction was the largest line at 85% of revenue. Wood Construction added $7.9M year over year (up 2%), 95% of the total change. Concrete Construction declined 1%.
Gross margin was 46.5%, up 0.4 points from a year earlier. Operating profit was $102.3M, a 19.0% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 75% reached operating profit, above the 18% margin then. Operating expenses fell 0% while revenue rose 2%. Net earnings were $77.9M, up 3% year over year. The effective tax rate was 25.5%.
Operating cash flow was $7.6M (down 5% year over year), 10% of net earnings. Non-cash charges added back $19.2M of depreciation and amortization and $6.6M of share-based compensation. Working capital and other items used $96.1M. Capital expenditures of $50.2M exceeded it, leaving free cash flow of −$42.6M.
Questions
What was Simpson Manufacturing's revenue in the first quarter 2025?
Simpson Manufacturing (SSD) reported revenue of $539M for the first quarter 2025 (Q1 2025), +2% from a year earlier and +4% from the quarter before.
Was Simpson Manufacturing profitable in the first quarter 2025?
Operating profit was $102M (19.0% of revenue) and net earnings $77.9M.