PLEASANTON, Calif. - Simpson Manufacturing Co., Inc. (NYSE: NYSE:SSD), a prominent producer of engineered structural connectors and building solutions, declared today the retirement of Roger Dankel, effective June 30, 2025.
Dankel, who has been with the company for over three decades, will continue to serve as Executive Vice President, North America Sales of Simpson Strong-Tie Company Inc. until the end of 2024. He will then transition to an Executive Advisor role until his retirement.
Mike Olosky, President and CEO of Simpson, expressed gratitude for Dankel's significant contributions, highlighting his role in fostering the company's growth and strong customer-focused culture. Dankel reciprocated by acknowledging the opportunities provided by Simpson and his pride in the company's achievements.
Simpson Manufacturing, with headquarters in Pleasanton, California, operates through its subsidiaries, including Simpson Strong-Tie Company Inc. The company specializes in a range of construction products for wood and concrete building applications, serving residential and commercial markets primarily in North America and Europe. Simpson's common stock is traded on the New York Stock Exchange.
The announcement is based on a press release statement and includes forward-looking statements, which involve inherent uncertainties. These statements reflect the company's current expectations for future operations and are subject to risks that could materially affect actual results. Simpson Manufacturing advises readers to review disclosures in its SEC filings, which detail risks and factors that may impact business and financial outcomes.
InvestingPro Insights
Simpson Manufacturing Co., Inc. (NYSE: SSD) has demonstrated its ability to sustain growth and reward investors, as evidenced by its consistent dividend payments. According to InvestingPro Tips, SSD has not only maintained dividend payments for 21 consecutive years, but it has also raised its dividend for 3 consecutive years, indicating a stable financial position and commitment to shareholder returns. Moreover, with liquid assets surpassing short-term obligations, the company maintains a strong liquidity profile, ensuring it can meet its immediate financial needs.
From a valuation standpoint, SSD's market cap stands at approximately $7.78 billion, with a Price/Earnings (P/E) ratio of 22.61 as of the last twelve months leading up to Q1 2024, suggesting a premium valuation relative to near-term earnings growth. Furthermore, the company's Price/Book ratio during the same period is 4.51, which may be considered high, indicating that the market values the company's assets quite generously.
Investors considering Simpson Manufacturing as a potential addition to their portfolio can find additional InvestingPro Tips at https://www.investing.com/pro/SSD. There are 12 more tips available, offering deeper insights into the company's performance and future outlook. For those ready to take the next step, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking full access to a wealth of investment analytics and data.
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