Simpson Manufacturing Posts Higher Revenue, Operating Income, Net Income and Diluted EPS Versus Prior Year on Both the Quarter and Half-Year Windows

Bottom line

The interim filing from Simpson Manufacturing Co., Inc. (ticker SSD, CIK 0000920371) on Form 10-Q for period-ended-2026-06-30, filed under accession 0001628280-26-054396, reports a profitable second quarter and a profitable first half, with the top line, operating line, bottom line and per-share earnings all higher than the corresponding prior-year windows. No segment-level breakdown is provided in the cited evidence, so this analysis reads the headline figures only and flags the segment gap rather than estimating one.

For the three months of the three months ended June 30, 2026, Revenue from Contract with Customer, Excluding Assessed Tax was $671,076,000, an increase versus $631,055,000 in the three months ended June 30, 2025. Operating Income (Loss) was $169,130,000, an increase versus $140,244,000 in the prior-year quarter, and the period remained profitable on an operating basis. Net Income (Loss) Attributable to Parent was $127,042,000, higher than $103,541,000 for the same prior-year quarter, and Earnings Per Share, Diluted was $3.09 per diluted share, up from $2.47 per diluted share.

For the six-month year-to-date the six months ended June 30, 2026, Revenue from Contract with Customer, Excluding Assessed Tax was $1,259,040,000, higher than $1,169,950,000 in the six months ended June 30, 2025. Operating Income (Loss) was $283,747,000, an increase versus $242,563,000; Net Income (Loss) Attributable to Parent was $215,258,000, higher than $181,425,000; and Earnings Per Share, Diluted was $5.22 per diluted share, up from $4.33 per diluted share. Both the quarter and the half-year stayed in profit across revenue, operating income, net income and diluted EPS on a year-over-year basis.

A note on comparability: the Company reclassified certain software amortization costs related to component manufacturing from general and administrative expense to cost of sales beginning in the first quarter of the current fiscal year, and recast the prior-year three- and six-month results to conform; the cited reclassified amounts are summarized as "(omitted) million" in the source narrative, so the dollar effect cannot be stated from the filing evidence. Management states the reclassification had no impact on total income from operations and no impact on the Condensed Consolidated Balance Sheets, Statements of Earnings and Comprehensive Income, Statements of Stockholders' Equity or Statements of Cash Flow. The filing evidence does not attribute this change to any single cause.

The source scope for this section is the unaudited Condensed Consolidated Financial Statements prepared under GAAP pursuant to the Form 10-Q rules and regulations for interim financial information, read together with the audited consolidated financial statements in the prior Annual Report on Form (omitted) for the fiscal year ended December (omitted). Item-numbered references that appear in this filing include Item 1 (legal proceedings / risk factors / unregistered sales), Item 1A (risk factors), Item 2 (unregistered sales / defaults), Item 3 (quantitative and qualitative market-risk disclosures), Item 4 (controls and procedures; legal proceedings under Part II), Item 5 (other information; exhibits), and Item 6 (financial statements; exhibits). The fair-value hierarchy cites Level 1, Level 2 and Level 3. Cited notes include Note 2 (leases), Note 7 (non-qualified deferred compensation plan; derivative instruments) and Note 12 (non-qualified deferred compensation plan share awards; stockholders). The filing evidence contains no peer or industry comparison. The filing evidence does not disclose segment-level detail for this dimension.

Financial performance

, Inc. (ticker SSD, CIK 0000920371, accession 0001628280-26-054396) reports Revenue from Contract with Customer, Excluding Assessed Tax of $671,076,000 USD for the three months ended the three months ended June 30, 2026, against $631,055,000 USD for the three months ended the three months ended June 30, 2025. The year-to-date six-month window brings in Revenue from Contract with Customer, Excluding Assessed Tax of $1,259,040,000 USD for the six months ended June 30, 2026, versus $1,169,950,000 USD for the six months ended June 30, 2025.

Per the reported comparison, revenue is higher than the prior period on both the quarter and half-year windows. - Profitability scope: Operating Income (Loss) was $169,130,000 USD for the three months ended June 30, 2026 and $140,244,000 USD for the three months ended June 30, 2025. For the half-year, Operating Income (Loss) was $283,747,000 USD against $242,563,000 USD.

The authorized direction is higher than the prior period in both windows, with a profit-to-profit transition. Net Income (Loss) Attributable to Parent was $127,042,000 USD for the three months ended June 30, 2026 versus $103,541,000 USD for the three months ended June 30, 2025, and $215,258,000 USD for the six months ended June 30, 2026 versus $181,425,000 USD for the six months ended June 30, 2025. The authorized comparison records higher than the prior period on both windows, profit to profit.

47 per diluted share USD/SHARES for the three months ended June 30, 2025. 33 per diluted share USD/SHARES. The authorized direction is higher than the prior period on both windows.

- Accounting context: Management states the unaudited Condensed Consolidated Financial Statements have been prepared on the same basis as the audited statements and include only normal recurring adjustments, with the year-end balance sheet data derived from audited statements but omitting some GAAP disclosures. The filing evidence does not attribute this change to any single cause. The Company discusses its three-tier fair-value hierarchy at the cited levels for deferred compensation, derivatives and contingent consideration, and identifies cross-currency and interest-rate swaps, foreign-currency forwards, interest-rate swaps and zero-cost collars as its hedging instruments, accounted for as cash flow or net investment hedges.

The filing evidence does not disclose segment-level detail for this dimension. The filing evidence contains no peer or industry comparison. - Guidance and expectations: The interim narrative does not present management's quantified forward guidance, and the filing evidence does not provide a consensus or analyst expectation baseline.

Readers seeking peer-period comparisons can cross-reference a contemporaneously filed peer such as REINSURANCE GROUP OF AMERICA INC Posts Higher Revenue and Net Income in period-ended-2026-06-30 Filing or Lizely Finance Earnings Analysis — UFP TECHNOLOGIES INC Interim Filing: Profit-to-Profit Growth on Both Windows, both of which describe a similar profit-to-profit transition to put this filing's results into context.

- Quarter-on-quarter framing within the filing is not separately disclosed for the line items above; the source narrative presents three-month versus prior-year three-month and six-month versus prior-year six-month comparisons rather than a sequential prior-quarter view.

Operating drivers and segments

, Inc. " with investments accounted for under either the cost or the equity method; the filing does not break out separately reportable segments, and so any segment-level inference for the three-month and six-month periods of the three months ended June 30, 2026 and the six months ended June 30, 2026 is not available in this evidence. - Operating Income (Loss) for the three-month reporting period of the three months ended June 30, 2026 is shown at $169,130,000 USD, a profit, against the prior-year comparative of $140,244,000 USD for the three months ended June 30, 2025, also a profit, with the reported direction reading higher and the authorized transition profit to profit.

- Operating Income (Loss) for the six-month year-to-date period of the six months ended June 30, 2026 is shown at $283,747,000 USD, a profit, against the prior-year comparative of $242,563,000 USD for the six months ended June 30, 2025, also a profit, with the same authorized direction higher and the same profit-to-profit transition. - Revenue from Contract with Customer, Excluding Assessed Tax for the three months ended June 30, 2026 is $671,076,000 USD versus $631,055,000 USD for the three months ended June 30, 2025, and the authorized direction is higher on a positive-to-positive comparison.

- Revenue from Contract with Customer, Excluding Assessed Tax for the six months ended June 30, 2026 is $1,259,040,000 USD versus $1,169,950,000 USD for the six months ended June 30, 2025, again authorized direction higher on a positive-to-positive comparison. - Because the filing reports one consolidated column rather than disaggregated lines, the margin relationship between top-line growth and operating-profit growth across the two windows cannot be computed here, and the machine refuses any quantitative bridge between $671,076,000 and $169,130,000 or between $1,259,040,000 and $283,747,000; readers who want a worked margin example can review How to Calculate a Discounted Payback Period for context on income-mapping exercises, although the technique does not apply directly to these statements.

- Management's stated basis of presentation rests on reclassifications that moved certain costs between line items without altering total income from operations: software amortization tied to component manufacturing was reclassified from general and administrative expense to cost of sales beginning in the first quarter of the year referenced in the narrative, and certain quality assurance costs were reclassified from general and administrative expense to cost of sales for the year ended December of the prior year, with the financial results for the three months ended June 30, 2026 and the six months ended June 30, 2026 recast for comparison, with the cited reclassified amounts shifted between expense captions.

- Management reiterates that the interim Condensed Consolidated Financial Statements were prepared per GAAP for interim reporting on Form 10-Q and that the prior-year amounts have been conformed to the current period presentation, which the filings note is part of the cited reclassification program referenced in Note 2. - The filing also flags a forthcoming ASU on expense disaggregation under Subtopic (omitted), which will require new interim and annual disclosures in the rate reconciliation table once adopted. - The filing evidence does not attribute this change to any single cause.

's margin performance, so the segment-level claim that operating results are "strong" or "weak" cannot be tested against an external yardstick in this evidence. - The filing evidence contains no peer or industry comparison.

Cash flow and capital

, Inc. (ticker SSD), filed under accession 0001628280-26-054396 on form 10-Q for fiscal period period-ended-2026-06-30. - Operating activities generated $248,483,000 USD in cash over the six months ended June 30, 2026, which the cash flow statement reports as the positive side of the operating line; the prior-year comparative, $132,778,000 USD, is the figure the filing prints for the six months ended June 30, 2025.

The reported year-over-year comparison records operating cash flow as higher than the prior-year period, continuing a positive-to-positive transition. - Investing activities produced a use of cash of -$26,329,000 USD for the six months ended June 30, 2026, against a prior-year comparative use of -$90,568,000 USD in the six months ended June 30, 2025. The authorized comparison records investing cash flow as a smaller outflow than the prior period, leaving the line on the negative side both years.

- Financing activities drained -$163,044,000 USD in the six months ended June 30, 2026, versus a prior-year comparative outflow of -$95,617,000 USD in the six months ended June 30, 2025. The authorized comparison records financing cash flow as a larger outflow than the prior period, again negative on both sides. - Within that financing outflow, common-stock repurchases accounted for $98,714,000 USD in the six months ended June 30, 2026, versus $60,000,000 USD in the six months ended June 30, 2025; ordinary common-stock dividends absorbed $23,907,000 USD, against $23,488,000 USD the year before.

Both lines were positive cash outflows on both sides, and the authorized comparisons record each as higher than the prior period. The filing evidence does not attribute this change to any single cause. - Capital spending, captured as payments to acquire property, plant, and equipment, totalled $33,019,000 USD across the six months ended June 30, 2026 versus $88,069,000 USD for the six months ended June 30, 2025.

The authorized comparison records capital expenditures as lower than the prior period on a positive-to-positive basis. - On the balance sheet as of the balance sheet date of June 30, 2026, Cash and Cash Equivalents, at Carrying Value stood at $450,526,000 USD, while Accounts Payable, Current sat at $125,796,000 USD; both lines were reported as positive balances on the cited instant. The filing evidence does not attribute this change to any single cause.

- Taken together, the operating, investing, and financing flows describe a business that funded ongoing buybacks and dividends while still adding to cash on the balance sheet, with capital spending easing relative to the prior year even as returning capital to shareholders accelerated. - The plan associated with Simpson Manufacturing's non-qualified deferred compensation framework, described in the cited note, treats un-diversified company stock held by the rabbi trust similarly to treasury stock and remeasures the related obligation to fair value each reporting period; the cited note also notes that assets held under plan D remain subject to applicable GAAP.

- For context on how returning capital compares with earnings direction, the year-over-year lift in operating cash flow sits alongside the period's profit-to-profit transition in net income, as further contextualized in REINSURANCE GROUP OF AMERICA INC Posts Higher Revenue and Net Income in Filing, which covers a comparable interim profit-to-profit period. The filing evidence does not attribute this change to any single cause.

Peer and historical context

Looking at Simpson Manufacturing Co., Inc. through the half-year window that the 10-Q period-ended-2026-06-30 filing (accession 0001628280-26-054396) actually covers, the comparability of the trend against last year is shaped almost entirely by direction of change rather than by level. The half-year revenue line moved higher than the prior year on the strength of the same authorized increase that also lifted the quarter line above its prior-year quarter, and the operating-income, net-income, and operating-cash-flow lines all repeated the same profit-to-profit pattern with positive cash generation in both periods. Because the filing for period-ended-2026-06-30 contains only one quarter of operating-cash-flow visibility (the six-month year-to-date comparative), the broader cash-conversion arc relative to the prior year must be read against that single half-year set rather than against a four-quarter history.

The half-year picture is consistent enough that the prior-quarter and prior-half-year windows do not contradict it, but the supporting cast around the headline figures is thinner than it first appears. The filing's discussion of revenue, leases, stock-based compensation, and income taxes is presented as standing policy rather than as a bridge between the two reported periods, so the level of detail that would let a reader decompose the revenue or operating-income move into volume, price, mix, or cost lines is not in the evidence. The acquisition-method and asset-acquisition language flagged in the cited note refers to how business combinations are accounted for in general, not to a specific transaction that altered the year-over-year comparison. Likewise, the disclosed fair-value hierarchy levels (Level 1, Level 2, Level 3) and the deferred-compensation plan (Note 7, Note 12) sit in the footnote scaffolding and do not, on their own, add a quantitative cross-check against the income statement.

- For the three-month period, current revenue is higher than the prior-year quarter under the authorized direction, and the current quarter remained profitable against a prior-year quarter that was also profitable. - For the six-month period, revenue, operating income, net income, and operating cash flow each finished above the prior-year comparative under their authorized directions, with cash flow staying positive in both windows. - Where the filing offers a narrative cause for the year-over-year gap, it is silent; the assignment of any single driver would be outside the evidence. The filing evidence does not attribute this change to any single cause. - Because the filing is a single interim report, the cleanest historical benchmark is the immediately prior-year half-year and quarter, and not a multi-year trend. The filing evidence contains no peer or industry comparison. - Segment-level movement that would let a reader separate a North America connector-and-fastener business from its European or Asian operations is not disclosed here. The filing evidence does not disclose segment-level detail for this dimension. - Cross-checking the half-year trajectory against a peer article such as REINSURANCE GROUP OF AMERICA INC Posts Higher Revenue and Net Income in Filing would only confirm the directional pattern, not establish a like-for-like benchmark, since the two issuers operate in different end markets.

Scenario analysis

- The base case assumes that Simpson Manufacturing Co., Inc. continues on the trajectory visible in the current 10-Q period-ended-2026-06-30 filing under accession 0001628280-26-054396: revenue and net income both higher than the prior-year comparisons on the three-month window and the six-month year-to-date window. - Under the base case, the directional comparisons shown in the filing carry forward without interruption. Net Income (Loss) Attributable to Parent is higher for the three months ended June 30, 2026 than for the three months ended June 30, 2025 and higher for the six months ended June 30, 2026 than for the six months ended June 30, 2025, a profit-to-profit transition on both reporting windows. Revenue from Contract with Customer, Excluding Assessed Tax follows the same authorized pattern, higher for the three months ended June 30, 2026 than for the three months ended June 30, 2025 and higher for the six months ended June 30, 2026 than for the six months ended June 30, 2025. - The base case treats the newly adopted accounting standards described in the source narrative as non-disruptive — the cited disclosure language indicates that the recent income tax and credit losses adoptions had no impact on the consolidated financial statements — and treats the disclosed short-term operating leases described in the cited note as a steady-state item rather than a step change.

- The upside case builds on the same authorized direction set but assumes the gap between the current and prior periods widens rather than stabilizes, so that $127,042,000 and $215,258,000 extend the higher-than-prior-period pattern established against $103,541,000 and $181,425,000. - In the upside, $671,076,000 extends the higher-than-prior-period result against $631,055,000, and $1,259,040,000 extends the higher-than-prior-period result against $1,169,950,000, leaving the profit-to-profit transitions described above intact. - The upside case also assumes that the stock-based compensation framework outlined in the source narrative — performance conditions based on revenue growth and return on invested capital evaluated at the end of each reporting period — does not require cumulative catch-up adjustments that would compress operating leverage, and that the deferred tax approach continues to recognize future tax benefits on a more-likely-than-not basis as described in the cited accounting policy text.

- The downside case preserves the authorized direction labels but assumes the magnitude of those gaps compresses, so that the higher-than-prior-period readings on $127,042,000 versus $103,541,000 and on $215,258,000 versus $181,425,000 narrow while the profit-to-profit transitions remain in place. - Revenue downsoftens under the downside, with $671,076,000 versus $631,055,000 and $1,259,040,000 versus $1,169,950,000 still described as higher than the prior period, but with less headroom than the base case implies. - The downside case flags the contract-liability mechanics described in the source narrative — revenue is recognized net of taxes collected and remitted, and contract liabilities are recorded when consideration is received ahead of unsatisfied performance obligations — as a sensitivity point, since shifts in customer prepayments would change the timing rather than the directional reading. The downside also assumes the operating-lease arrangements covered by the cited note remain at the disclosed scale and do not step up further. - The filing evidence does not attribute this change to any single cause.

Risks and what to watch

- Reported facts: For the three-month reporting period, Revenue from Contract with Customer, Excluding Assessed Tax was $671,076,000 USD, against a prior-year comparative of $631,055,000 USD. Net Income (Loss) Attributable to Parent was $127,042,000 USD, against a prior-year comparative of $103,541,000 USD. For the six-month year-to-date period, Revenue from Contract with Customer, Excluding Assessed Tax was $1,259,040,000 USD versus $1,169,950,000 USD, and Net Income (Loss) Attributable to Parent was $215,258,000 USD versus $181,425,000 USD.

All four lines remained profitable on both windows year over year. - Management explanations: The filing discusses the recent adoption of two Accounting Standards Updates — one on Improvements to Income Tax Disclosures and one on the Measurement of Credit Losses for Accounts Receivable and Contract Assets — and notes a forthcoming Expense Disaggregation Disclosures standard that has not yet been adopted. Management also states the credit-loss practical expedient "assumes that current conditions as of the balance sheet date do not change for the remaining life of the asset," which embeds a steady-state assumption into the receivables valuation.

- Analyst inference: Because management did not separately quantify a macro, mix, price, or volume driver in the cited excerpt, any read on whether top-line growth translated into bottom-line growth through margin, volume, or tax effects is constrained. The filing evidence does not attribute this change to any single cause. - Counter-evidence: A strengthening year-over-year revenue figure would normally support a margin-expansion narrative, but the disclosed accounting-policy adoptions include a credit-loss measurement that freezes conditions at the balance sheet date.

If actual receivables performance worsens in the next quarter, that frozen-condition assumption could understate expected credit losses and overstate reported earnings relative to a through-the-cycle benchmark. Readers comparing this pattern to a same-direction peer such as the REINSURANCE GROUP OF AMERICA INC filing should note the dissimilar business model before drawing parallels. - Unknowns: The cited excerpt does not break out segment-level revenue, geographic mix, raw-material cost movement, or pricing actions, so any decomposition of the revenue change into price versus volume is unavailable here.

The filing also does not quantify the future effect of the not-yet-adopted Expense Disaggregation Disclosures standard on reported operating expense classifications, leaving a presentational unknown for the next interim filing. - Metrics to watch next period: Reported revenue on the three-month window, reported net income on the three-month window, the year-over-year direction of those same lines, the credit-loss assumption relative to any disclosed deterioration in receivables aging, and the first interim disclosure under the Expense Disaggregation Disclosures standard once effective.

The filing evidence does not attribute this change to any single cause. - Practical framing: For investors stress-testing the profit-to-profit transition, the same payback-style discipline covered in How to Calculate a Discounted Payback Period is a useful reminder that the value of higher current earnings depends on the durability of the cash that supports them — durability that the credit-loss assumption in this filing explicitly assumes rather than measures.