US Simpson Strong-Tie 2012 Full Year & 2013 H1 Financial Report

 

 

 

 

 

 

 

 

The increase in net sales was primarily due to increased sales in North America, which were positively affected by improved economic conditions, including a greater number of housing starts compared to the first half of 2012.

 

o North America net sales were up 5.5% in the first half of 2013, compared to the first half of 2012. Sales in the United States increased over the same period in 2012. Canada net sales decreased slightly over the same period in 2012 due to lower sales volumes and lower selling prices.

 

o Europe net sales decreased 10.2% in the first half of 2013, compared to the first half of 2012, primarily due to exiting the heavy-duty mechanical anchor business, the region’s economic conditions, lower sales volumes and lower selling prices. Based on current information, the Company does not expect the region’s economic conditions to improve during the second half of 2013, which will continue to negatively affect net sales.

 

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