Simpson Manufacturing Co., Inc. announced its financial results for the fourth quarter and full-year 2024, with Q4 net sales reaching $517.4 million, a 3.1% increase year-over-year. Income from operations for the quarter rose by 7.4% to $76.8 million, resulting in an operating income margin of 14.9%. Diluted earnings per share (EPS) for Q4 were $1.31, up 2.3% from the prior year.
For the full fiscal year 2024, net sales totaled $2.232 billion, a modest 0.8% increase compared to 2023. Full-year diluted EPS was $7.60, an 8.0% decrease year-over-year, while the operating income margin for the full year was 19.3%, down from 21.5% in 2023. Despite these figures, North America volume growth in pounds shipped exceeded U.S. housing starts by approximately 600 basis points.
The company initiated its 2025 financial outlook, anticipating a low single-digit recovery in U.S. housing starts and European housing starts to remain consistent with 2024 levels. Simpson Manufacturing reaffirmed its ambition to maintain an operating income margin at or above 20% in a favorable growing market environment. Management emphasized efforts to offset significant input cost increases and preserve profitability through disciplined cost management.
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