Simpson Manufacturing Co., Inc. (NYSE:SSD) Q3 2023 Earnings Call Transcript

Brian Magstadt: Dan, that’s right. I wouldn’t expect it to be a material amount or we’re still working through the process to evaluate and investigate. But we – as we noted, we were able to, to catch up with a lot of the orders that had come through that Mike had noted, but we’re still investigating and evaluating it. Again, from an operating income perspective, I wouldn’t expect it to be a material amount.

Daniel Moore: Perfect. And then just following up on the capital allocation question, obviously, you’ve been out of the market in terms of buybacks. You have some significant investments, but there’s still – cash is building quickly and already in a net cash position. So would you look to be opportunistic again here and maybe weigh that versus continuing to pay down the remaining debt? Just any thoughts there?

Brian Magstadt: Sure. So we’re going to look at all of those definitely. So a little bit of debt repayment likely at the end of the year, similar to what we did last year, and continue to evaluate the share repurchase from an opportunistic perspective.

Daniel Moore: Very good. Appreciate the help.

Operator: And we have reached the end of the question-and-answer session. And this also concludes today’s conference, and you may disconnect your lines at this time. Thank you for your participation.