Simpson Manufacturing reported Q1’21 revenues which climbed 22.6% year over year on increased demand during the pandemic for the firm’s construction fastening systems. That was 10.8 percentage points better than analysts’ expectations, with U.S. seaborne imports linked to the firm having increased by 100.0% year over year in Q1’21.The improved activity came despite challenges from winter storms in February and issues with “logistics containers, bringing product over from our facilities in Asia.” The firm has been able to raise prices twice already i...
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