Guidance$SSD
Simpson Manufacturing updates land sale timing and reaffirms 2026 guidance
The company reported that a land sale in Stockton, California shifted into the fourth quarter.
Key takeaways
- Simpson Manufacturing Co., Inc. (SSD) said on Oct. 6, 2026, that the closing timeline for unimproved land in Stockton, California shifted from the third quarter to the fourth quarter. The net gain will be recognized in the fourth quarter, while full-year 2026 financial guidance ranges remain unchanged.
Simpson Manufacturing Co., Inc. (SSD) said on Monday that an operational update shifted the anticipated closing timeline for unimproved land in Stockton, California.
Due to administrative procedures, the transaction originally scheduled to close in the third quarter of 2026 closed in the fourth quarter instead.
As a result, the net gain on disposal and its effect on income from operations will be recognized in the fourth quarter rather than the third.
Despite the shift in the timing of the sale and the recognition of the net gain, the company said its full-year 2026 financial guidance ranges remain unchanged, according to a regulatory filing.