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Simpson Manufacturing posts 1Q profit

PLEASANTON, Calif. (AP) _ Simpson Manufacturing Co. (SSD) on Thursday reported first-quarter net income of $23.1 million.

On a per-share basis, the Pleasanton, California-based company said it had net income of 48 cents. Earnings, adjusted for non-recurring gains, came to 30 cents per share.

The building materials company posted revenue of $219.9 million in the period.

Simpson Manufacturing shares have declined 1.5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $43.08, an increase of 11 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SSD at https://www.zacks.com/ap/SSD


Keywords: Simpson Manufacturing, Earnings Report