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Simpson Manufacturing Co Inc (SSD.N)

SSD.N on New York Stock Exchange

49.58USD
20 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Simpson Manufacturing announces capital allocation strategy update
Thursday, 25 Aug 2016 

Simpson Manufacturing Co Inc : Simpson Manufacturing Co Inc announces capital allocation strategy update . Company currently expects to execute a $50 million ASR program by end of 2016 and has begun work on that initiative . Established current target capital return to shareholders of 50 percent of cash flows from operations through both dividends and repurchases . Board replaced $50 million buyback with a $125 million share repurchase authorization that expires on December 31, 2017 .Board authorized co to execute one or more accelerated share repurchase programs at any time or times before December 31, 2017.  Full Article

Simpson Manufacturing entered into second amendment to credit agreement
Friday, 29 Jul 2016 

Simpson Manufacturing Co Inc : Amendment extends term of credit agreement from july 27, 2017, to July 23, 2021 . Amendment changes a financial ratio in credit agreement, maximum consolidated leverage ratio . On July 25 co entered into a second amendment to unsecured credit agreement dated July 27, 2012 - SEC filing .Is required to pay an annual facility fee of 0.15 to 0.30 percent on available commitments under credit agreement.  Full Article

Simpson Manufacturing Q2 earnings per share $0.54
Friday, 29 Jul 2016 

Simpson Manufacturing Co Inc : Q2 revenue view $227.1 million -- Thomson Reuters I/B/E/S . Simpson Manufacturing Announces second quarter results . Q2 earnings per share $0.54 . Q2 earnings per share view $0.49 -- Thomson Reuters I/B/E/S .Net sales increased 6% to $230.0 million from $216.7 million last year.  Full Article

BRIEF-Simpson Manufacturing Co Inc - board expands share repurchase authorization by $150 million

* Simpson Manufacturing Co Inc - on August 1, 2017, board increased and extended by $150 million its previous $125 million share repurchase authorization