Mike Olosky, President and Chief Executive Officer of Simpson Manufacturing Co., Inc., parent company of engineered structural connectors and building solutions manufacturer Simpson Strong-Tie, rang the closing bell at the New York Stock Exchange (NYSE) on Friday, September 6, 2024, in celebration of the company’s 30th anniversary as a publicly listed company. Simpson senior leadership team members and their guests participated in the ceremony.
“I am incredibly proud of all that Simpson has accomplished in our 30 years as a publicly traded company,” Olosky 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. I’d also like to thank our valued customers, suppliers and stockholders for their contributions to our success over the years. As we look ahead, we are committed to accelerating traction on our key growth initiatives to drive enhanced shareholder value and continued market outperformance.”
Since its debut at $11.50 per share ($2.875 split-adjusted) at its initial public offering (IPO) on May 25, 1994, the Company has evolved from approximately $150 million in annual sales to establishing itself as an undisputed world leader in structural solutions with more than $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%.
To watch a video of the bell ringing, visit https://www.NYSE.com/bell.
About Simpson Strong-Tie Company Inc.
Simpson Strong-Tie is the world leader in structural solutions — products and technology that help people design and build safer, stronger homes, buildings, and communities. As a pioneer in the building industry, we have an unmatched passion for problem solving through skillful engineering and thoughtful innovation. Our structural systems research and rigorous testing enable us to design code-listed, value-engineered solutions for a multitude of applications in wood, steel, and concrete structures. Our dedication to pursuing ever-better construction products and technology and to surrounding our customers with exceptional service and support has been core to our mission since 1956. For more information, visit strongtie.com and follow us on Facebook, Twitter, YouTube and LinkedIn.
