Simpson Plans More Pricing Actions as Steel Prices Climb More Than 50%

Simpson Manufacturing Co., Inc. expects to announce additional pricing actions in the coming weeks as steel costs climb, CEO Mike Olosky said on the company’s Oct. 26 earnings call.

“Steel is now up over 50% versus a year ago and at its highest level in over 4 years,” Olosky said. He said Simpson would share more details about the pricing actions in the coming weeks.

Simpson makes structural connectors, fastening systems, adhesives and mechanical anchors for wood and concrete construction. Olosky did not specify the size or scope of the planned pricing actions during the call.

Chief Financial Officer Matt Dunn said new pricing could take effect in early January if it follows the company’s usual timing. Dunn also described fourth-quarter operating margin as potentially in the “upper 13” range, including an expected gain from a land sale.

Simpson raised the low end of its 2026 consolidated operating-margin outlook to 20.0% from 19.7%, leaving the high end at 20.5%. The range includes an estimated $11 million gain from selling vacant land in Stockton, California. The sale closed in early October, and Simpson expects to recognize the gain in the fourth quarter.

Third-quarter net sales rose 2.3% year over year to $638.130 million. Operating margin was 22.1%, compared with 22.6% a year earlier, while gross margin was 45.7%, down from 46.1%. Simpson’s third-quarter results and updated 2026 margin outlook included the sales and margin figures.

The low end of the annual margin range increased by 0.3 percentage point from the company’s previous outlook, while the top end was unchanged. The coming weeks are when Olosky said Simpson expects to provide further details on its pricing actions.