Simpson Manufacturing sees FY24 operating margin 20.0%-21.5%

Interest expense on the outstanding Revolving Credit Facility and Term Loans, which had borrowings of $75.0M and $410.6M as of December 31, 2023, respectively, is expected to be approximately $7.9M, including the benefit from interest rate and cross currency swaps mitigating substantially all of the volatility from changes in interest rates. Sees FY24 effective tax rate 25.0%-26.0%, including both federal and state income tax rates as well as international income tax rates, and assuming no tax law changes are enacted. sees FY24 capital expenditures $200.0M, which includes $120.0M for the Columbus facility expansion and the new Gallatin fastener facility construction.