Simpson Manufacturing Co., a leading supplier of structural connectors and building solutions, reported a dip in first-quarter earnings and revenue, missing analysts’ expectations. The company’s EPS of $1.77 fell short of the estimated $1.90, while revenue of $530.6 million missed the consensus estimate of $544.97 million. The stock price dropped 11.41% following the announcement, indicating investor concerns over performance. Despite facing challenges in new housing markets, the company remained committed to strategic investments and projected an operating margin range of 20.0% to 21.5% for the full fiscal year.
