Simpson Manufacturing (SSD) Investor presentation summary

Business model and market position

• Structural-connection leader with high brand recognition, a customer-centric model, and products serving five North American end-use markets.

• Business model combines 15,000 standard and custom wood products, 3,000 concrete products, 50+ software and web-app solutions, and a 98% product fill rate.

• Service network includes ~700 field sales reps, 26 training centers, 1,000+ annual workshops, and 24–48-hour typical delivery.

• Addressable markets: wood connectors, truss and lateral systems ~$3.8B with 33% share; fastening systems $5.2B with 11% share; concrete and steel connections $2.9B with 12% share.

• Product portfolio spans wood, concrete and steel connections, fastening systems, integrated component systems, and digital solutions; more than 10,000 products are highlighted in the portfolio overview.

Performance and growth

• FY2025 revenue was $2.33B and operating income was $458M, versus $1.25B and $250M in 2020; both periods had fewer than 1.4M U.S. housing starts. FY2025 results are unaudited.

• Global operations delivered average underlying volume growth ~3 percentage points above U.S. housing starts in 2020–2025; volume excludes pricing, first-year acquisitions, FX, and other non-volume impacts.

• FY2025 net revenue increased from $2.232B to $2.333B; Monet DeSauw contributed ~75% of acquisition net sales, while volume was adversely affected by the contracting U.S. housing market. Results are unaudited.

• FY2025 sales mix was $1.968B wood construction and $361M concrete construction; by operating segment, North America was $1.814B and Europe $500M. Results are unaudited.

• FY2026 operating margin outlook was 19.5%–20.5% as of February 9, 2026.

Strategic priorities

• Ambitions include above-market volume growth versus U.S. housing starts, operating income margin above 20%, and EPS growth ahead of net revenue growth.

• Digital priorities include easier product specification and ordering, software for project management and truss design, and tools for builders, dealers, manufacturers, and specifiers.

• North American capacity investments include Columbus, Ohio facility expansion and a greenfield Gallatin, Tennessee facility, opened in H1 and Q3 2025, respectively.

• M&A priorities are expanding product lines, improving manufacturing and supply-chain efficiency, and building a pipeline focused mostly on smaller tuck-in acquisitions; ETANCO integration remains a priority.

• Europe strategy targets stronger positions in wood connectors, structural fasteners and facade, with focus on existing countries, commercial construction, residential renovation, pavement reinforcement, and mass timber.