Simpson Manufacturing Co. Marks 30 Years on NYSE with Ceremony
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Simpson Manufacturing Co. Celebrates 30 Years of Success
Simpson Manufacturing Co., Inc. (NYSE: SSD) is thrilled to announce a significant milestone in its history—celebrating 30 years as a publicly traded company. To mark this remarkable occasion, the company's President and Chief Executive Officer, Mike Olosky, will ring the closing bell at the New York Stock Exchange (NYSE) in a special ceremony attended by members of the senior leadership team and their guests. This event signifies not only the company's enduring success but also its continuous commitment to innovation and quality in structural solutions.
Reflecting on Three Decades of Growth
Since its initial public offering (IPO) on May 25, 1994, when shares debuted at $11.50 (or $2.875 when adjusted for splits), Simpson Manufacturing has evolved into a powerhouse within the engineering sector. Over the past thirty years, the company has grown from approximately $150 million in annual sales to more than $2 billion today, demonstrating extraordinary growth and resilience in a competitive market. The stock has seen substantial appreciation, witnessing two stock splits along the way, culminating in a closing share price of $183.06 as of August 30, 2024. This impressive performance translates to a total compound annual growth rate of around 14.7% for shareholders.
Leadership's Vision for the Future
Mike Olosky expressed his pride in the accomplishments of Simpson Manufacturing, emphasizing gratitude toward the dedicated employees, customers, suppliers, and stockholders who have contributed to the company’s success. He states, "As we commemorate this milestone, I want to express my gratitude to all of our team members for their dedication to our customers and to furthering our mission of helping people design and build safer, stronger structures." This reflection reinforces the company's commitment to leveraging its strengths and pursuing new initiatives that promise growth and enhanced shareholder value.
About Simpson Manufacturing Co., Inc.
Headquartered in Pleasanton, California, Simpson Manufacturing Co., Inc. is renowned for its innovations in building and construction solutions. Through its subsidiaries such as Simpson Strong-Tie Company Inc., the company excels in designing and manufacturing wood construction products that encompass connectors, truss plates, fastening systems, and concrete construction products including adhesives and mechanical anchors. Their offerings serve both residential and commercial markets primarily across North America and Europe. The common stock of Simpson Manufacturing is traded on the New York Stock Exchange under the symbol "SSD."
Contact Information
For more information, please contact Addo Investor Relations via email at [email protected] or call (310) 829-5400.
Frequently Asked Questions
What is the significance of ringing the closing bell at the NYSE?
The closing bell ceremony at the NYSE represents a milestone for a company, celebrating significant anniversaries or achievements, enhancing visibility and recognition.
What has contributed to Simpson Manufacturing's growth?
Simpson Manufacturing's growth can be attributed to its commitment to innovation, high-quality products, and responsiveness to customer needs in the construction industry.
How has Simpson Manufacturing's stock performed over the years?
Since its IPO, Simpson Manufacturing's stock has appreciated significantly, demonstrating a total compound annual growth rate of approximately 14.7%, aided by two stock splits.
What products does Simpson Manufacturing offer?
Simpson Manufacturing provides a variety of wood and concrete construction products, including structural connectors, fastening systems, adhesives, and more.
How can I contact Simpson Manufacturing for investor relations?
You can reach out to Addo Investor Relations by emailing [email protected] or calling (310) 829-5400.
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