Simpson Manufacturing Reports $638 Million in Quarterly Sales and Announces $1 Billion Buyback

Simpson Manufacturing reported third-quarter 2026 sales of $638.1 million on October 26, an increase of 2.3% from the same period a year earlier, as higher prices helped offset broadly flat global sales volumes.

The US-based producer of structural connectors and other building products said net income increased 1.6% to $109.1 million. Diluted earnings per share rose to $2.68 from $2.58, while operating income edged up 0.2% to $141.0 million. The results reflect the three months ended September 30, 2026.

The company also announced a new $1 billion share-repurchase authorization approved by its board on October 22. The authorization replaces a previous $200 million program and has no expiry date. It permits repurchases but does not require the company to spend the full amount or purchase any particular number of shares.

During the third quarter, Simpson repurchased $66.3 million of common stock. Through September 30, it had repurchased approximately $165 million under its previous authorization during 2026.

Simpson updated its full-year forecast for consolidated operating margin to 20.0%–20.5%. That range includes an expected $11 million gain from the sale of vacant land that the company now expects to recognize in the fourth quarter rather than the third.

The company reported cash and cash equivalents of $491.3 million at the end of September and $308.0 million in outstanding debt. Its performance provides a snapshot of demand for building materials amid difficult housing-market conditions, but management's outlook remains dependent on future demand, costs and execution.