Simpson Manufacturing Co. Celebrates 30 Years as a Public Company
Simpson Manufacturing Co., a producer of engineered structural connectors and building solutions, celebrated 30 years as a publicly listed company with the ringing of the closing bell at the New York Stock Exchange on Friday, Sept. 6.
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| Simpson Manufacturing President and CEO Mike Olosky rang the New York Stock Exchange closing bell alongside senior leadership team members and guests on Friday, Sept. 6 to celebrate 30 years as a publicly traded company. |
President and CEO Mike Olosky rang the bell alongside other Simpson senior leadership team members and guests.
“I am incredibly proud of all that Simpson has accomplished in our 30 years as a publicly traded company,” Okosky 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.”
He went on to thank the customers, suppliers and stockholders for their contributions to the company’s success.
“As we look ahead, we are committed to accelerating traction on our key growth initiatives to drive enhanced shareholder value and continued market outperformance,” Olosky said.
To watch the bell ringing, click here
Since its debut at $11.50 per share ($2.875 split-adjusted) at its initial public offering on May 25, 1994, the company has evolved from approximately $150 million in annual sales to eclipsing $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%.
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