Simpson Manufacturing Co., Inc. (NYSE:SSD) Q4 2023 Earnings Conference Call February 5, 2024 5:00 PM ET

Company Participants

Kim Orlando - ADDO Investor Relations

Mike Olosky - President and CEO

Brian Magstadt - Chief Financial Officer

Conference Call Participants

Daniel Moore - CJS Securities

Tim Wojs - Baird

Kurt Yinger - D.A. Davidson

Operator

Greetings. Welcome to the Simpson Manufacturing Company Fourth Quarter 2023 Earnings Conference Call. At this time, all participants are on a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]

I will now turn the conference over to your host, Kim Orlando of ADDO Investor Relations. You may begin.

Kim Orlando

Good afternoon, ladies and gentlemen. And welcome to Simpson Manufacturing Company’s fourth quarter and full year 2023 earnings conference call. Any statements made on this call that are not statements of historical facts are forward-looking statements. Such statements are based on certain estimates and expectations that are subject to a number of risks and uncertainties.

Actual future results may vary materially from those expressed or implied by the forward-looking statement. We encourage you to read the risks described in the company’s public filings and reports, which are available on the SEC’s or the company’s corporate website.

Except to the extent required by applicable securities laws, we undertake no obligation to update or publicly revise any of the forward-looking statements that we make here today, whether as a result of new information, future events or otherwise.

Please note that the company’s earnings press release was issued today at approximately 4.15 p.m. Eastern Time. The earnings press release is available on the Investor Relations page of the company’s website at ir.simpsonmfg.com. Today’s call is being webcast and a replay will also be available on the Investor Relations page of the company’s website.

Now, I would like to turn the conference over to Mike Olosky, Simpson’s President and Chief Executive Officer.

Mike Olosky

Thanks, Kim. Good afternoon, everyone. Thank you for joining today’s call. With me today is Brian Magstadt, our Chief Financial Officer. My remarks today will provide an overview of our 2023 financial performance, an update on our end markets and our capital allocation priorities. Brian will then talk you through our fourth quarter financials and fiscal 2024 outlook in greater detail.

I’d like to begin by thanking the entire Simpson team for their strong execution in 2023 and relentless customer focus. The market improved in the second half, but it was a challenging year with lower housing starts.