FOR IMMEDIATE RELEASE
10 September 2024-Mike Olosky, President and Chief Executive Officer of Simpson Manufacturing Co., Inc. (NYSE: SSD), parent company of engineered structural connectors and building solutions manufacturer Simpson Strong-Tie, rang the closing bell at the New York Stock Exchange (NYSE) on Friday, September 6, 2024, in celebration of the company’s 30th anniversary as a publicly listed company. Simpson senior leadership team members and their guests participated in the ceremony.
“I am incredibly proud of all that Simpson has accomplished in our 30 years as a publicly traded company,” Olosky said. “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. I’d also like to thank our valued customers, suppliers and stockholders for their contributions to our success over the years. As we look ahead, we are committed to accelerating traction on our key growth initiatives to drive enhanced shareholder value and continued market outperformance.”
Since its debut at $11.50 per share ($2.875 split-adjusted) at its initial public offering (IPO) on May 25, 1994, the Company has evolved from approximately $150 million in annual sales to establishing itself as an undisputed world leader in structural solutions with more than $2 billion in annual sales. Thirty years and two stock splits later, shares of Simpson closed at $183.06 on August 30, 2024, which, together with quarterly dividends, has resulted in a total compound annual growth rate of approximately 14.7%.
To watch a video of the bell ringing, visit https://www.NYSE.com/bell.
Source: Simspon Strong-Tie
