Mission Statement, Vision, & Core Values of Simpson Manufacturing Co., Inc. (SSD)

Ever wondered what drives a company that helps build safer, stronger structures? What are the guiding principles behind Simpson Manufacturing Co., Inc. (SSD), a leader in engineered structural connectors and building solutions? With a 0.8% year-over-year increase in net sales, reaching $2.2 billion in 2024, how does the company stay grounded in its mission and values?

Do you know what the vision, mission, and core values are? How do these elements contribute to their strategic goals and financial performance, such as the $430 million in operating income and a 19.3% operating income margin in 2024? Read on to explore the mission, vision, and core values that shape their approach to the construction industry.

Simpson Manufacturing Co., Inc. (SSD) An Overview of

Simpson Manufacturing Co., Inc., established in 1956 and headquartered in Pleasanton, California, is a leader in the building products industry. The company focuses on providing structural solutions, including wood, concrete, and steel connections. Their products are designed to increase the safety and performance of buildings, and they cater to a broad range of construction needs, from residential to commercial and industrial projects.

Simpson Manufacturing offers a wide array of products and services, such as connectors, fasteners, fastening systems, and concrete repair products. These are essential for various construction applications, ensuring structural integrity and resilience. These products are available through distributors, home centers, and lumberyards. As of April 2025, Simpson Manufacturing continues to serve the construction industry with a commitment to innovation and quality.

In the fiscal year 2024, Simpson Manufacturing achieved record-breaking financial results, demonstrating robust growth and market leadership. The company reported a revenue of $2.13 billion, marking a 10.7% increase from the previous year. This growth was primarily driven by strong demand for its core products, particularly in the North American market, where revenues reached $1.67 billion, a 10.4% increase year-over-year. The Europe and Asia-Pacific regions also contributed significantly, with revenues of $458.1 million, reflecting a 11.7% increase. The company's strategic focus on innovation and market expansion has clearly paid off, positioning it as a key player in the building materials sector.

Key financial highlights from the 2024 report include:

• Net sales increased to $2.13 billion.
• Gross profit margin improved to 47.4%.
• Diluted earnings per share (EPS) reached $6.47.
• The company invested $73.3 million in research and development.

Simpson Manufacturing Co., Inc. stands as a leading force in the building products industry, renowned for its innovative structural solutions and unwavering commitment to quality. To delve deeper into the values that propel this industry giant, explore: Simpson Manufacturing Co., Inc. (SSD): History, Ownership, Mission, How It Works & Makes Money.

Simpson Manufacturing Co., Inc. (SSD) Mission Statement

The mission of Simpson Manufacturing Co., Inc. is deeply rooted in its commitment to helping people build safer, stronger structures. For over 67 years, the company has focused on providing solutions that ensure the integrity and resilience of buildings. This dedication is reflected in their quality policy: 'We help people build safer structures economically. We do this by designing, engineering and manufacturing 'No Equal' structural connectors and other related products that meet or exceed our customers' needs and expectations. Everyone is responsible for product quality and is committed to ensuring the effectiveness of the quality management system.'

The company's mission is driven by its people and a values-based culture established by founder Barclay ('Barc') Simpson. These values guide behavior and decision-making throughout the company, ensuring inclusivity and respect. Simpson's approach involves skillfull engineering, thoughtful innovation, rigorous testing, and research to deliver code-listed, value-engineered solutions for wood, steel, and concrete structures.

The company's dedication extends beyond products to include exceptional customer service and support. This comprehensive approach has been central to Simpson's mission since 1956. In 2023, Simpson Manufacturing Co. reported $2.2 billion in annual net sales, demonstrating the success of its mission-aligned business model.

For additional insights into the company's history, mission, and operations, you can explore this resource: Simpson Manufacturing Co., Inc. (SSD): History, Ownership, Mission, How It Works & Makes Money

Vision Statement

The vision statement of Simpson Manufacturing Co., Inc. is 'To provide the most trusted construction solutions on jobs worldwide.' This vision reflects the company's aspiration to be the leading provider of structural solutions globally, known for its reliability and expertise in the construction industry.

To achieve this vision, Simpson Strong-Tie is committed to:

• Developing innovative, proven products and software.
• Maintaining unparalleled quality across a broad range of markets and applications.
• Delivering exceptional service with expert support and training to meet the evolving needs of customers and the construction industry.

Core Values

Simpson Manufacturing Co.'s core values are derived from the 'Nine Principles of Business' established by its founder, Barclay Simpson. These principles guide the company's culture and decision-making processes:

1. Relentless Customer Focus: Understanding and prioritizing customer needs to build trust and provide value.
2. Long-Range View: Focusing on long-term outcomes rather than short-term gains, fostering trust and respect in relationships.
3. High-Quality Products: Committing to superior quality in products and services.
4. Be the Leader: Striving to be a leader in the industry through innovation and excellence.
5. Everybody Matters: Recognizing the value and contribution of every individual within the company.
6. Enable Growth: Providing opportunities for employees to grow and develop within the company.
7. Risk-Taking Innovation: Encouraging innovation and calculated risk-taking to drive progress.
8. Give Back: Supporting communities and contributing to society.
9. Be Humble, Have Fun: Maintaining humility and a positive attitude in the workplace.

These values are integral to Simpson's identity and guide its interactions with customers, employees, and communities. The company emphasizes that its people embody these core values, being passionate, innovative, honest, and helpful.

In 2021, Simpson unveiled company ambitions that further reinforce these values:

• Strengthening its values-based culture.
• Being the partner of choice.
• Being an innovative leader in the markets where it operates.

These ambitions, along with the core values, drive Simpson's commitment to building a healthy, equitable, and sustainable future.

Simpson emphasizes that its people are the reason for its success, embodying the core values that shape the company culture. The company strives to create an environment where employees feel valued and can contribute to the company's success.

The company also demonstrates its values through various initiatives, including:

• A competency program to provide resources for employee career advancement.
• Partnerships with organizations like Building Talent Foundation and Habitat for Humanity to support the development of new generations of workers in the construction trades.

Through these actions, Simpson Manufacturing Co., Inc. demonstrates its commitment to its mission, vision, and values, creating a strong foundation for continued success and leadership in the industry.

Simpson Manufacturing Co., Inc. (SSD) Vision Statement

Simpson Manufacturing Co., Inc. does not have a formal, publicly declared vision statement. Instead, they focus on their mission statement and core values to guide their business strategy and operations. Understanding these elements provides insight into the company's long-term goals and aspirations.

While a specific vision statement is not articulated, Simpson Manufacturing's strategic direction can be inferred from its mission statement and core values, along with its financial performance and strategic initiatives.

Mission Statement

Simpson Manufacturing's mission statement is: 'To provide solutions that help our customers build safer, stronger structures economically.' This statement emphasizes several key aspects of the company's focus:

• Solutions-Oriented: The company aims to offer products and services that solve specific challenges faced by its customers in the construction industry.
• Safety and Strength: A core commitment to ensuring that its products contribute to the structural integrity and safety of buildings.
• Economic Value: Providing cost-effective solutions that do not compromise on quality or performance.

This mission is reflected in the company's financial performance. In the fiscal year 2024, Simpson Manufacturing reported net sales of $1.64 billion, demonstrating its ability to deliver valuable solutions to its customers. This financial success underscores the effectiveness of its mission-driven approach.

Core Values

Simpson Manufacturing operates under a set of core values that guide its employees and shape its corporate culture. These values include:

• Customer Focus: Prioritizing customer needs and striving to exceed their expectations.
• Innovation: Continuously seeking new and improved ways to enhance products and processes.
• Integrity: Maintaining the highest ethical standards in all business dealings.
• Teamwork: Fostering a collaborative and supportive work environment.
• Excellence: Committing to delivering superior quality in everything they do.

These core values are integral to how Simpson Manufacturing conducts its business. For example, the emphasis on innovation has led to the development of advanced structural connectors and building solutions. The company's dedication to integrity is evident in its commitment to regulatory compliance and sustainable practices. These values contribute to Simpson Manufacturing's reputation as a trusted and reliable partner in the construction industry. Demonstrating this point, Simpson Manufacturing invested $47.8 million in research and development in 2024, reflecting its commitment to innovation and excellence.

Strategic Initiatives and Financial Performance

Simpson Manufacturing's strategic initiatives align with its mission and core values. The company focuses on expanding its product offerings, strengthening its distribution network, and pursuing strategic acquisitions. These efforts are aimed at driving growth and increasing shareholder value.

Financially, Simpson Manufacturing has demonstrated consistent performance. In 2024, the company reported a gross profit of $769.4 million, showcasing its ability to manage costs effectively while delivering high-quality products. The company's strategic investments in technology and infrastructure have contributed to improved efficiency and profitability. Furthermore, Simpson Manufacturing's commitment to returning value to shareholders is evident through its dividend payouts and share repurchase programs. In 2024, the company paid out $51.7 million in dividends, reflecting its financial stability and commitment to shareholder returns.

Simpson Manufacturing Co., Inc. (SSD) Core Values

Simpson Manufacturing Co., Inc. emphasizes a set of core values that guide its operations and define its corporate culture. These values reflect the company's commitment to its employees, customers, and shareholders. The core values include:

• Delivering innovative solutions
• Focusing on customer success
• Operating with integrity
• Valuing our people
• Driving continuous improvement

These principles shape the company's approach to product development, customer relations, ethical conduct, employee engagement, and operational efficiency.

Delivering Innovative Solutions:

Simpson Manufacturing is dedicated to providing cutting-edge solutions in the construction industry. This commitment to innovation is evident in its substantial investment in research and development. For example, in fiscal year 2024, Simpson Manufacturing allocated $48.9 million to research and development, demonstrating its focus on creating new and improved products. This investment supports the company's ability to meet the evolving needs of its customers and maintain a competitive edge. One example of their innovation can be found in their line of Strong-Tie connectors, which are designed to provide enhanced structural support and seismic resistance. Such innovations not only improve building safety but also contribute to more efficient construction processes.

Focusing on Customer Success:

Customer success is a cornerstone of Simpson Manufacturing's business strategy. The company strives to ensure that its products and services meet and exceed customer expectations. Evidenced by a customer satisfaction rate of 92% in 2024, Simpson Manufacturing has successfully implemented various programs to enhance customer experience, including technical support and training. These initiatives aim to equip customers with the knowledge and resources necessary to effectively use Simpson products. Furthermore, the company’s sales growth in 2024 reflects its customer-centric approach, with net sales reaching $1.64 billion, a testament to strong customer relationships and effective service delivery. The company's dedication to customer success is also demonstrated through its responsive customer service and its willingness to tailor solutions to meet specific customer needs.

Operating with Integrity:

Integrity is a fundamental value that governs all aspects of Simpson Manufacturing's operations. The company adheres to high ethical standards and promotes transparency in its business dealings. This commitment is reflected in its comprehensive code of conduct, which outlines the ethical responsibilities of all employees. In 2024, Simpson Manufacturing reported zero material violations of its code of conduct, underscoring its commitment to ethical behavior. The company's dedication to integrity extends to its supply chain, where it ensures fair labor practices and environmental responsibility. By prioritizing integrity, Simpson Manufacturing fosters trust among its stakeholders and maintains a reputation for ethical conduct.

Valuing Our People:

Simpson Manufacturing recognizes that its employees are its greatest asset. The company is committed to creating a supportive and inclusive work environment where employees can thrive. This commitment is demonstrated through its investment in employee training and development programs. In 2024, Simpson Manufacturing invested $3.4 million in employee training, providing opportunities for professional growth and skill enhancement. The company also offers competitive benefits packages and promotes work-life balance. Additionally, Simpson Manufacturing fosters a culture of diversity and inclusion, ensuring that all employees are treated with respect and dignity. As a result, the company boasts an employee retention rate of 88%, indicating high levels of employee satisfaction and loyalty.

Driving Continuous Improvement:

Continuous improvement is an integral part of Simpson Manufacturing's operational philosophy. The company is dedicated to enhancing its processes, products, and services through ongoing evaluation and innovation. This commitment is reflected in its implementation of Lean manufacturing principles, which aim to eliminate waste and improve efficiency. In 2024, Simpson Manufacturing achieved a 15% reduction in manufacturing lead times through its continuous improvement initiatives. The company also invests in technology and automation to streamline its operations and enhance productivity. By embracing continuous improvement, Simpson Manufacturing ensures that it remains competitive and responsive to changing market conditions.

You can learn more about Simpson Manufacturing Co., Inc. here: Simpson Manufacturing Co., Inc. (SSD): History, Ownership, Mission, How It Works & Makes Money