Sign in

    Simpson Manufacturing Co Inc (SSD)

    You might also like

    Simpson Manufacturing Co., Inc. (SSD) designs, manufactures, and sells high-quality building construction products. The company specializes in engineered load-rated construction systems and solutions, focusing on wood and concrete construction materials. SSD operates across North America, Europe, and Asia/Pacific, serving residential, commercial, and industrial markets with innovative and cost-effective products.

    1. Wood Construction Products - Offers a wide range of engineered connectors, fasteners, and systems designed to enhance the strength and safety of wood-based construction projects.
    2. Concrete Construction Products - Provides anchoring systems, adhesives, and other solutions tailored for concrete construction applications, ensuring durability and performance.
    3. Other Products - Includes specialized items that complement the company's core offerings, catering to niche construction needs.
    NamePositionExternal RolesShort Bio

    Cassandra Payton

    Executive

    Executive Vice President, General Counsel

    None

    Joined SSD in August 2021 as Assistant General Counsel, promoted to EVP, General Counsel in December 2023. Oversees legal and regulatory matters.

    Jennifer Lutz

    Executive

    Executive Vice President, Human Resources

    None

    Joined SSD in 2013 as Director of HR, promoted to EVP in January 2023. Oversees HR strategy, recruitment, and organizational development.

    Jeremy Gilstrap

    Executive

    Executive Vice President, Innovation

    None

    Joined SSD in 2001, promoted to EVP, Innovation in January 2023. Oversees global product development, marketing, and engineering.

    Matt Dunn

    Executive

    Chief Financial Officer and Treasurer

    None

    Joined SSD in June 2024 as SVP of Finance, promoted to CFO and Treasurer in January 2025. Previously held senior finance roles at Helen of Troy, Procter & Gamble, and Kimberly-Clark.

    Michael Andersen

    Executive

    Executive Vice President, Europe

    None

    Joined SSD in 2005, promoted to EVP, Europe in January 2023. Oversees European operations, including ETANCO Group subsidiaries.

    Michael Olosky

    Executive

    President and CEO

    None

    Joined SSD in 2020 as COO, became President and CEO in January 2023. Previously held leadership roles at Henkel. Instrumental in defining SSD's growth strategy and operational excellence.

    View Report →

    Phil Burton

    Executive

    Executive Vice President, North America

    None

    Joined SSD in 1994, promoted to EVP, North America in January 2023. Previously managed the McKinney, Texas branch for nearly two decades.

    Roger Dankel

    Executive

    Executive Vice President, North American Sales

    None

    Joined SSD in 1993, announced retirement effective June 2025 but remains EVP, North American Sales until December 2024.

    Angela Drake

    Board

    Board Member

    CFO at The Toro Company; Board Member at First Bank & Trust Company

    Joined SSD's board in January 2025. Brings nearly 30 years of financial and business management experience.

    Celeste Volz Ford

    Board

    Board Member

    Managing Partner at Stellar Ventures; Board Member at CHG Group and IRIS Automation; Trustee at University of Notre Dame

    Joined SSD's board in 2014. Founder of Stellar Solutions and Stellar Ventures. Brings expertise in aerospace, technology, and venture capital.

    Chau Banks

    Board

    Board Member

    Chief Information and Data Officer at The Clorox Company; Board Member at NextUp

    Joined SSD's board in June 2023. Brings expertise in IT, digital transformation, and data analytics.

    Felica Coney

    Board

    Board Member

    Vice President, Global Server Operations at Google; Member of NC A&T Engineering Advisory Board; Member of Albert Lepage Center for DEI

    Joined SSD's board in June 2023. Brings extensive experience in operations, supply chain, and environmental, health, and safety.

    Gary M. Cusumano

    Board

    Board Member

    Director of Forest Lawn Memorial Park

    Joined SSD's board in 2007. Brings expertise in real estate development, leadership, and corporate governance.

    Kenneth Knight

    Board

    Board Member

    CEO of Invitae Corporation; Member of Georgia Tech President’s Advisory Board

    Joined SSD's board in 2021. Brings expertise in industrial manufacturing, operations, and strategic growth.

    Philip E. Donaldson

    Board

    Board Member

    EVP & CFO at Andersen Corporation; Chair of HealthPartners, Inc.; Former Chair of Window and Door Manufacturer’s Association

    Joined SSD's board in 2018. Brings expertise in financial management, capital markets, and acquisitions.

    Robin G. MacGillivray

    Board

    Board Member

    ICEO Peer Advisor and Leadership Development Coach at Lee Hecht Harrison

    Joined SSD's board in 2004. Brings expertise in mergers and acquisitions, corporate culture, and leadership development from her career at AT&T.

    1. Given the revision of your operating margin guidance to 19%-19.5%, below your previous expectations, can you elaborate on the specific factors contributing to this decrease and what concrete steps you're taking to enhance profitability in the near term?
    2. With European margins under pressure despite efforts on defensive synergies and rightsizing, when do you anticipate seeing a meaningful improvement in Europe, and what actions are you implementing to achieve your midterm target of a 15% operating income margin?
    3. Considering the elevated finished goods inventory levels, what are the underlying reasons for this buildup, and how do you plan to reduce inventory without compromising your high service levels?
    4. You mentioned balancing growth-focused investments with cost control in a challenging housing market; can you detail how you're adjusting your investment strategy, and whether this includes reconsidering or reducing planned capital expenditures like facility expansions?
    5. In light of the recent hurricanes impacting your sales in the Southeast region, have you quantified the expected impact on your Q4 revenues and operating income, and what measures are you taking to mitigate these disruptions and sustain momentum in those markets?
    Program DetailsProgram 1Program 2
    Approval DateOctober 19, 2023 October 23, 2024
    End Date/DurationJanuary 1, 2024 - December 31, 2024 January 1, 2025 - December 31, 2025
    Total Additional Amount$100.0 million $100.0 million
    Remaining Amount$0 (fully utilized) $100.0 million
    DetailsFully utilized by November 5, 2024 Effective starting January 1, 2025

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    QuickFrames USA, LLC

    2024

    The acquisition, completed on September 1, 2024 , added a manufacturer of pre-engineered structural support systems to expand the commercial construction portfolio, expected to boost revenue to less than $10 million in Q4 2024 while saving engineering and installation time.

    Monet DeSauw Inc. & Callaway Properties, LLC

    2024

    Completed on August 1, 2024 , this deal expanded offerings in the truss industry with a total consideration of approximately $59.0 million (netting about $48.5 million after adjustments) while introducing proprietary saw interface software and complementary manufacturing capabilities.

    Calculated Structured Designs, Inc. (CSD)

    2024

    Finalized on June 1, 2024 , the acquisition of this software development firm integrated its engineered wood product design tools into the digital solutions platform, enabling seamless design integration for truss, wall panel, and floor design without disclosing specific financial terms.

    ETANCO Group

    2022

    Completed on April 1, 2022 , the acquisition for $805.4 million broadened the product portfolio into mechanical anchors and building envelope solutions in Europe, with expected operating income synergies of about $30 million per year achieved through enhanced market integration and procurement optimization.

    No recent press releases or 8-K filings found for SSD.