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Simpson Manufacturing Co Inc Q1 Profit Climbs, Beats estimates

Simpson Manufacturing Co Inc (SSD) announced earnings for its first quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $94.6 million, or $2.18 per share. This compares with $50.4 million, or $1.16 per share, in last year's first quarter.

Analysts on average had expected the company to earn $1.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 42.0% to $493.6 million from $347.6 million last year.

Simpson Manufacturing Co Inc earnings at a glance (GAAP) :

-Earnings (Q1): $94.6 Mln. vs. $50.4 Mln. last year.
-EPS (Q1): $2.18 vs. $1.16 last year.
-Analyst Estimate: $1.67
-Revenue (Q1): $493.6 Mln vs. $347.6 Mln last year.

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