Earnings Call Summary | Simpson Manufacturing(SSD.US) Q1 2024 Earnings Conference
Earnings Call Summary | Simpson Manufacturing(SSD.US) Q1 2024 Earnings Conference
The following is a summary of the Simpson Manufacturing Co., Inc. (SSD) Q1 2024 Earnings Call Transcript:
以下是辛普森製造公司（SSD）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Simpson reported Q1 net sales of $530.6 million, a slight decline year-over-year.
North American sales volumes increased by 8% year-on-year, with net sales of $406.7 million. However, European sales declined by 3.4%, amounting to $119.9 million in net sales.
Simpson's gross margin declined to 46.1%, mainly because of increased fixed costs partially offset by productivity improvements.
Operating margin for Q1 dropped to 18.1%, primarily due to additional costs for growth opportunities.
The adjusted EBITDA for Q1 was $117.3 million, down 14% from the previous year.
The company generated $8.6 million from operations, which financed $28.5 million in capital expenditures.
辛普森報告稱，第一季度淨銷售額爲5.306億美元，同比略有下降。
北美的銷售量同比增長8％，淨銷售額爲4.067億美元。但是，歐洲的銷售額下降了3.4％，淨銷售額爲1.199億美元。
辛普森的毛利率下降至46.1％，這主要是由於固定成本的增加被生產率的提高部分抵消。
第一季度的營業利潤率降至18.1％，這主要是由於增長機會的額外成本。
第一季度調整後的息稅折舊攤銷前利潤爲1.173億美元，比上年下降14％。
該公司的運營收入爲860萬美元，爲2,850萬美元的資本支出提供了資金。
Business Progress:
業務進展：
Simpson gained in the residential market through the conversion of lumber dealers in both the U.S. and Canada.
Growth was observed in the commercial market with double-digit YoY sales growth for cold-formed steel products.
New customers, including modular and metal buildings manufacturers, announced in the OEM market.
Double-digit volume and low-single-digit revenue growth noted in the national retail sector in Q1.
The company plans significant investments in 2024 for growth initiatives like M&A opportunities and organic growth strategies.
Despite its soft performance in Q1, the company expects to meet their operating margin guidance and forecasts a buoyant outlook for the year thanks to increased North America volumes at the start of Q2. The company is optimistic about the US housing market, predicting low-single digits growth.
Simpson remains focused on achieving above-market growth and top quartile profitability, showing its commitment to deliver continuous shareholder value.
辛普森通過改組美國和加拿大的木材交易商，在住宅市場上取得了成功。
商業市場出現增長，冷彎型鋼產品的銷售額同比增長了兩位數。
OEM 市場宣佈了包括模塊化和金屬建築製造商在內的新客戶。
第一季度全國零售業的銷量達到兩位數和較低的個位數收入增長。
該公司計劃在2024年進行大量投資，用於併購機會和有機增長戰略等增長計劃。
儘管第一季度表現疲軟，但由於第二季度初北美銷量的增加，該公司預計將達到營業利潤率預期，並預測今年前景樂觀。該公司對美國房地產市場持樂觀態度，預計將出現低個位數的增長。
辛普森仍然專注於實現高於市場的增長和四分之一的盈利能力，這表明了其爲股東創造持續價值的承諾。
More details: Simpson Manufacturing IR
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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。