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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