Simpson reports Q1 sales increase
Simpson Manufacturing has reported income, net of tax, of $7.2 million for the first quarter of 2012 compared with income of $7.1 million in the first quarter of 2011.
Net sales for the quarter increased 19.8% to $158.7 million compared with net sales of $132.5 million in the year-ago period.
Sales increased in the quarter throughout North America due in part to a mild winter and, in Europe, as a result of the recent European acquisition. Sales increases were above average in all U.S. regions, except California, compared with the first quarter of 2011.
Sales to all distribution channels increased, with above-average increases in sales to contractor distributors and lumber dealers.