Richmond American Announces Community Grand Opening in DeLand
Seasons at Grandview Gardens offers beautiful homes with designer-curated finishes
DELAND, Fla., Oct. 21, 2024 /PRNewswire/ — Richmond American Homes of Florida, LP, a subsidiary of M.D.C. Holdings, Inc., is pleased to announce the Grand Opening of Seasons at Grandview Gardens (RichmondAmerican.com/SeasonsAtGrandviewGardens), an exciting new DeLand community. This notable neighborhood offers an impressive array of single- and two-story floor plans from the builder’s sought-after Seasons™ Collection (RichmondAmerican.com/Seasons), designed to maximize space and put homeownership within reach for a variety of buyers.
Grand Opening Event (RichmondAmerican.com/GrandviewGardensGO)
Prospective homebuyers and area agents are encouraged to stop by Seasons at Grandview Gardens for a special Grand Opening event on Saturday, October 26, from 12 to 3 p.m. Attendees can enjoy complimentary tacos and enter a prize drawing.
Community highlights:
- New single- and two-story homes from the upper $300s
- Five Seasons™ Collection floor plans with open layouts
- 3 to 6 bedrooms and approx. 1,880 to 3,030 sq. ft.
- Professionally curated fixtures and finishes
- 3-car and RV garages available
- Near beaches, notable schools, recreation, shopping & dining
- Close proximity to Blue Spring State Park
- Slate model home open for tours
- Select homes ready for quick move-in
Seasons at Grandview Gardens is located at 343 Alexandrite Street in DeLand. Call 407.287.6285 or visit RichmondAmerican.com to learn more and RSVP for the community’s Grand Opening event.
About M.D.C. Holdings, Inc.
M.D.C. Holdings, Inc. was founded in 1972. MDC’s homebuilding subsidiaries, which operate under the name Richmond American Homes, have helped more than 240,000 homebuyers achieve the American Dream since 1977. One of the largest homebuilders in the nation, MDC is committed to quality and value that is reflected in each home its subsidiaries build. The Richmond American companies have operations in Alabama, Arizona, California, Colorado, Florida, Idaho, Maryland, Nevada, New Mexico, Oregon, Tennessee, Texas, Utah, Virginia and Washington. Mortgage lending, insurance and title services are offered by the following MDC subsidiaries, respectively: HomeAmerican Mortgage Corporation, American Home Insurance Agency, Inc. and American Home Title and Escrow Company. For more information, visit MDCHoldings.com.
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SOURCE M.D.C. Holdings, Inc.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
3 Vanguard ETFs That Can Provide Lifetime Passive Income
Generating passive income is a cornerstone of financial independence. It creates steady cash flows without requiring active involvement, allowing investors to focus on other aspects of their lives or pursue additional opportunities. For many, the ultimate goal is to build a portfolio that generates enough passive income to cover living expenses indefinitely.
Enter Vanguard exchange-traded funds (ETFs), the brainchild of investing legend John Bogle. These ETFs offer a powerful combination of broad diversification and rock-bottom fees, making them ideal vehicles for long-term wealth-building and income generation. Vanguard’s approach to investing, pioneered by Bogle, emphasizes low-cost, passive strategies that have revolutionized the investment landscape.
Vanguard ETFs distinguish themselves in the investment landscape through a unique blend of features. These funds typically boast lower turnover rates compared to actively managed alternatives, a characteristic that substantially reduces investors’ tax liabilities. This tax efficiency, combined with the impressive dividend growth rates many Vanguard ETFs have demonstrated since their inception, underscores the premium quality of their underlying holdings.
Moreover, Vanguard’s approach to passive management ensures that these ETFs closely track their underlying indexes. This methodology maximizes efficiency while maintaining the simplicity that individual investors appreciate. The result is a powerful investment vehicle that combines the benefits of broad market exposure with the cost-effectiveness of passive investing.
Another critical advantage of Vanguard’s low-cost ETFs is their reliability. Thanks to their highly diversified portfolios and high-quality holdings, these ETFs are unlikely to suspend their cash distributions, even during economic downturns. This reliability is a significant benefit over individual stocks, which may cut or eliminate dividends during challenging times.
Let’s explore three Vanguard ETFs that have the potential to provide lifetime passive income, each offering a unique approach to dividend investing.
A low-cost core holding
The Vanguard S&P 500 ETF (NYSEMKT: VOO) mirrors the performance of the benchmark S&P 500 index, encompassing 500 of the largest U.S. companies. With an ultra-low expense ratio of 0.03%, this ETF allows investors to retain more of their returns. While its 30-day SEC yield of 1.23% might appear modest initially, the fund’s true strength lies in its growth potential.
Since its inception in 2010, the fund has achieved an impressive 13.4% compound annual growth rate (CAGR) of distributions. This remarkable figure illustrates the power of investing in high-quality, dividend-growing companies over time. To put this into perspective, a $10,000 investment at the fund’s launch, with dividends reinvested and assuming no tax liabilities, would have burgeoned to $69,250 today.
Comprehensive U.S. market exposure
The Vanguard Total Stock Market Index Fund ETF Shares (NYSEMKT: VTI) offers investors broad exposure to the entire U.S. stock market, encompassing small-, mid-, and large-cap stocks. Matching its S&P 500 counterpart, it sports a minimal expense ratio of 0.03%, maximizing investor returns.
While its 30-day SEC yield of 1.22% closely mirrors the S&P 500 ETF, this fund’s true value lies in its long-term performance and diversification across the entire U.S. market. Since its inception in 2001, the fund’s distributions have grown at an annual rate of 5.05%.
This steady growth translates to significant returns over time. A $10,000 investment at the fund’s launch, with dividends reinvested and assuming no tax liabilities, would have blossomed to $76,590 today.
The fund’s performance has outpaced the aforementioned S&P 500 ETF due to its longer track record. Its comprehensive coverage provides investors with a simple way to capture the performance of the entire U.S. stock market in a single fund.
Focus on high-yield stocks
For investors prioritizing current income, the Vanguard High Dividend Yield Index Fund ETF Shares (NYSEMKT: VYM) presents a compelling option. This ETF targets stocks with above-average dividend yields, resulting in a higher 30-day SEC yield of 2.65%.
While its expense ratio is slightly higher at 0.06%, it remains remarkably low compared to actively managed funds. The fund’s strength lies in its income generation and growth potential.
Since its 2006 inception, the ETF’s distributions have grown at an annual rate of 9.18%. Although its earnings growth rate of 10.6% is lower than the broader market ETFs, it compensates with a higher current yield.
To illustrate its performance, a $10,000 investment at the fund’s launch, with dividends reinvested and assuming no tax liabilities, would have grown to $45,750 today. This growth showcases the fund’s potential for both income and capital appreciation over time.
The power of passive management
All three ETFs benefit from Vanguard’s passive management approach, which closely tracks their respective indexes. This hands-off approach simplifies investing for individuals seeking passive income. The low turnover rates of these ETFs (2.2% for the Vanguard S&P 500 ETF and Vanguard Total Stock Market ETF, 5.7% for the Vanguard High Dividend Yield ETF) further enhance their tax efficiency.
These Vanguard ETFs showcase the potential for growing passive income over time. Their broad diversification, ultra-low fees, and passive management approach set them apart in the ETF landscape.
Don’t miss this second chance at a potentially lucrative opportunity
Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.
On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:
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Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.
*Stock Advisor returns as of October 14, 2024
George Budwell has positions in Vanguard S&P 500 ETF. The Motley Fool has positions in and recommends Vanguard S&P 500 ETF, Vanguard Total Stock Market ETF, and Vanguard Whitehall Funds-Vanguard High Dividend Yield ETF. The Motley Fool has a disclosure policy.
3 Vanguard ETFs That Can Provide Lifetime Passive Income was originally published by The Motley Fool
UNDER ARMOUR ANNOUNCES SECOND QUARTER FISCAL 2025 EARNINGS CONFERENCE CALL DATE
BALTIMORE, Oct. 21, 2024 /PRNewswire/ — Under Armour, Inc. UA UAA))) plans to release its second quarter fiscal 2025 (ended September 30, 2024) results on November 7, 2024. Following the news release at approximately 6:55 a.m. Eastern Time (ET), Under Armour management will host a conference call at approximately 8:30 a.m. ET to review results.
This call will be webcast live and archived at https://about.underarmour.com/investor-relations/financials.
About Under Armour, Inc.
Under Armour, Inc., headquartered in Baltimore, Maryland, is a leading inventor, marketer, and distributor of branded athletic performance apparel, footwear, and accessories. Designed to empower human performance, Under Armour’s innovative products and experiences are engineered to make athletes better. For further information, please visit http://about.underarmour.com.
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SOURCE Under Armour, Inc.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
North American Construction Group Ltd. Third Quarter Results Conference Call and Webcast Notification
ACHESON, Alberta, Oct. 21, 2024 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG” or “the Company”) NOANOA announced today that it will release its financial results for the third quarter ended September 30, 2024 on Wednesday, October 30, 2024 after markets close. Following the release of its financial results, NACG will hold a conference call and webcast on Thursday, October 31, 2024, at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time).
The call can be accessed by dialing:
Toll free: 1-800-717-1738
Conference ID: 86919
A replay will be available through November 29, 2024, by dialing:
Toll Free: 1-888-660-6264
Conference ID: 86919
Playback Passcode: 86919
A slide deck for the webcast will be available for download the evening prior to the call and will be found on the company’s website at www.nacg.ca/presentations/
The live presentation and webcast can be accessed at: North American Construction Group Ltd. Third Quarter Results Conference Call Registration (onlinexperiences.com)
A replay will be available until November 29, 2024, using the link provided.
About the Company
North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Canada, the U.S. and Australia. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.
For further information, please contact:
Jason Veenstra, CPA, CA
Chief Financial Officer
North American Construction Group Ltd.
Phone: (780) 960-7171
Email: ir@nacg.ca
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
NVIDIA's Options Frenzy: What You Need to Know
Deep-pocketed investors have adopted a bullish approach towards NVIDIA NVDA, and it’s something market players shouldn’t ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NVDA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga’s options scanner highlighted 941 extraordinary options activities for NVIDIA. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 48% leaning bullish and 39% bearish. Among these notable options, 227 are puts, totaling $13,267,202, and 714 are calls, amounting to $62,348,419.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $0.5 to $260.0 for NVIDIA over the last 3 months.
Analyzing Volume & Open Interest
In today’s trading context, the average open interest for options of NVIDIA stands at 17951.37, with a total volume reaching 30,182,383.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in NVIDIA, situated within the strike price corridor from $0.5 to $260.0, throughout the last 30 days.
NVIDIA Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NVDA | CALL | SWEEP | BULLISH | 01/17/25 | $9.05 | $9.0 | $9.04 | $160.00 | $543.0K | 34.9K | 5.9K |
| NVDA | PUT | SWEEP | NEUTRAL | 12/19/25 | $13.0 | $12.85 | $12.9 | $111.00 | $239.9K | 1.6K | 202 |
| NVDA | CALL | SWEEP | BULLISH | 10/25/24 | $2.08 | $2.03 | $2.03 | $145.00 | $215.8K | 49.1K | 144.1K |
| NVDA | CALL | SWEEP | BULLISH | 01/17/25 | $12.6 | $12.55 | $12.6 | $150.00 | $199.0K | 97.6K | 9.7K |
| NVDA | CALL | SWEEP | BULLISH | 10/25/24 | $5.05 | $5.0 | $5.0 | $140.00 | $196.0K | 71.2K | 151.7K |
About NVIDIA
Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. GPU use cases have since emerged as important semiconductors used in artificial intelligence. Nvidia not only offers AI GPUs, but also a software platform, Cuda, used for AI model development and training. Nvidia is also expanding its data center networking solutions, helping to tie GPUs together to handle complex workloads.
Having examined the options trading patterns of NVIDIA, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is NVIDIA Standing Right Now?
- Currently trading with a volume of 259,972,551, the NVDA’s price is up by 4.33%, now at $143.97.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 29 days.
What The Experts Say On NVIDIA
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $163.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge’s Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
* Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for NVIDIA, targeting a price of $190.
* Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on NVIDIA with a target price of $150.
* An analyst from UBS has revised its rating downward to Buy, adjusting the price target to $150.
* Reflecting concerns, an analyst from Morgan Stanley lowers its rating to Overweight with a new price target of $150.
* An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $175.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest NVIDIA options trades with real-time alerts from Benzinga Pro.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Simpson Manufacturing Co., Inc. Announces 2024 Third Quarter Financial Results
- Net sales of $587.2 million, increased 1.2% year-over-year
- Income from operations of $124.9 million, resulting in operating income margin of 21.3%
- Net income per diluted share of $2.21
- Revising full year 2024 outlook based on reduced housing start expectations
PLEASANTON, Calif., Oct. 21, 2024 /PRNewswire/ — Simpson Manufacturing Co., Inc. (the “Company”) SSD, an industry leader in engineered structural connectors and building solutions, today announced its financial results for the third quarter of 2024. All comparisons below (which are generally indicated by words such as “increased,” “decreased,” “remained,” or “compared to”), unless otherwise noted, are comparing the quarter ended September 30, 2024, with the quarter ended September 30, 2023.
Consolidated 2024 Third Quarter Highlights
|
Three Months Ended, |
Year-Over- |
||||
|
September 30, |
Year |
||||
|
2024 |
2023 |
Change |
|||
|
(In thousands, except per share data and percentages) |
|||||
|
Net sales |
$ 587,153 |
$ 580,084 |
1.2 % |
||
|
Gross profit |
275,057 |
282,917 |
(2.8) % |
||
|
Gross profit margin |
46.8 % |
48.8 % |
|||
|
Total operating expenses |
148,872 |
141,935 |
4.9 % |
||
|
Income from operations |
124,854 |
140,213 |
(11.0) % |
||
|
Operating income margin |
21.3 % |
24.2 % |
|||
|
Net income |
$ 93,519 |
$ 104,021 |
(10.1) % |
||
|
Net income per diluted common share |
$ 2.21 |
$ 2.43 |
(9.1) % |
||
|
Adjusted EBITDA1 |
$ 148,278 |
$ 158,792 |
(6.6) % |
||
|
Trailing Twelve Months Ended |
Year-Over- |
||||
|
September 30, |
Year |
||||
|
2024 |
2023 |
Change |
|||
|
(In thousands, except percentages) |
|||||
|
Total U.S. Housing starts2 |
1,384 |
1,407 |
(1.6) % |
||
|
__________________ |
|
1 Adjusted EBITDA is a non-GAAP financial measure and it is defined in the Non-GAAP Financial Measures section of the press release. For a reconciliation of Adjusted EBITDA to U.S. GAAP (“GAAP”) net income see the schedule titled “Reconciliation of Net Income to Adjusted EBITDA”. |
|
2 Source: United States Census Bureau |
Management Commentary
“Our third quarter net sales of $587.2 million were up modestly year-over-year despite the housing markets in both the U.S. and Europe remaining under pressure,” commented Mike Olosky, President and Chief Executive Officer of Simpson Manufacturing Co., Inc. “In North America, our volumes were relatively flat year-over-year with strength in the national retail, component manufacturer and OEM markets offsetting weakness in residential and commercial. While product mix drove a higher average sales price per pound in the quarter, our customer mix resulted in greater volume discounts applied. In Europe, sales increased modestly year-over-year, outperforming the market as we’ve continued to benefit from new customer wins and product applications.”
Mr. Olosky continued, “Despite near-term challenges, we grew our North America volume by 500 basis points ahead of U.S. housing starts over the trailing twelve months. Even though our overall profitability is good, it is below our expectations and we are working to align costs with market conditions to improve profitability. For 2024, we now expect U.S. housing starts to be down in the low single-digit range from 2023 with low single-digit growth to come in 2025. In Europe, 2024 housing starts are expected to be down in the high single-digit range compared to the prior year with meaningful growth to be pushed out further into 2026 and beyond.”
North America Segment 2024 Third Quarter Financial Highlights
- Net sales of $461.4 million increased 1.0% from $456.8 million due to slightly higher average sales prices resulting from a favorable sales mix on relatively flat sales volumes, in addition to incremental sales from the Company’s 2024 acquisitions.
- Gross margin decreased to 49.5% from 51.8%, primarily due to higher factory and overhead and warehouse costs, as a percentage of net sales, partly offset by efficiency gains.
- Income from operations of $123.3 million decreased 9.1% from $135.6 million. The decrease was primarily due to a decrease in gross profit, as well as increases in operating expenses of $4.1 million from 22.1% of net sales to 22.7%. Increased operating expenses include personnel costs (including engineering support services) and advertising and tradeshow costs, which were partly offset by a decrease in variable incentive compensation.
Europe Segment 2024 Third Quarter Financial Highlights
- Net sales of $121.2 million increased 1.8% from $119.0 million, due to increased sales volumes, partly offset by price decreases in some regions. Net sales benefited from the positive effect of approximately $1.5 million in foreign currency translation.
- Gross margin decreased to 36.6% from 37.9%, primarily due to higher labor, factory and overhead, and warehouse and freight costs as a percentage of net sales, partly offset by lower material costs.
- Income from operations of $12.6 million decreased 18.2% from $15.5 million. The decrease was primarily due to increases in operating expenses of $2.4 million from 24.3% of net sales to 25.8% as well as a decrease in gross profit. Increased operating expenses included higher personnel and depreciation costs, which were partly offset by a decrease in variable incentive compensation.
Refer to the “Segment and Product Group Information” table below for additional segment information (including information about the Company’s Asia/Pacific and Administrative and All Other segments).
Corporate Developments
During the third quarter, the Company completed the acquisition of all of the operating assets and assumed liabilities of Monet DeSauw Inc. and certain properties of Callaway Properties, LLC (together with its subsidiaries, “Monet”) for a total purchase consideration of approximately $48.5 million, net of cash received. Monet specializes in the production of large-scale saws and material handling equipment for the truss industry in the United States.
During the third quarter, the Company completed the acquisition of QuickFrames USA, a manufacturer of pre-engineered structural support systems for commercial construction with sales in North America.
Balance Sheet & 2024 Third Quarter Cash Flow Highlights
- As of September 30, 2024, cash and cash equivalents totaled $339.4 million with total debt outstanding of $465.4 million, of which $75.0 million remained outstanding under its $450.0 million revolving credit facility.
- Cash flow provided by operating activities of $102.5 million decreased from $200.9 million, primarily due to increases in working capital.
- Cash flow used in investing activities of $106.6 million increased from $18.5 million due to increases of $61.5 million in acquisitions and $25.6 million in capital expenditures.
Business Outlook
The Company has updated its 2024 financial outlook based on three quarters of financial information to reflect its latest expectations regarding demand trends, cost of sales, and operating expenses. Based on business trends and conditions as of today, October 21, 2024, the Company’s outlook for the full fiscal year ending December 31, 2024 is as follows:
- Based on current expectations that U.S. housing starts will be down from the prior year, operating margin is estimated to be in the range of 19.0% to 19.5%.
- The effective tax rate is estimated to be in the range of 25.3% to 25.8%, including both federal and state income tax rates as well as international income tax rates, and assuming no tax law changes are enacted.
- Capital expenditures are estimated to be in the range of $175.0 million to $185.0 million, which includes $90.0 million to $100.0 million for the Columbus, Ohio facility expansion and the new Gallatin, Tennessee fastener facility construction with the remaining spend carrying over into 2025.
Conference Call Details
Investors, analysts and other interested parties are invited to join the Company’s third quarter 2024 financial results conference call on Monday, October 21, 2024, at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). To participate, callers may dial (877) 407-0792 (U.S. and Canada) or (201) 689-8263 (International) approximately 10 minutes prior to the start time. The call will be webcast simultaneously and can be accessed through ir.simpsonmfg.com. For those unable to participate during the live broadcast, a replay of the call will also be available beginning that same day at 8:00 p.m. Eastern Time until 11:59 p.m. Eastern Time on Monday, November 4, 2024 by dialing (844) 512–2921 (U.S. and Canada) or (412) 317–6671 (International) and entering the conference ID: 13749013. The webcast will remain posted on the Investor Relations section of Simpson’s website at ir.simpsonmfg.com for 90 days.
About Simpson Manufacturing Co., Inc.
Simpson Manufacturing Co., Inc., headquartered in Pleasanton, California, through its subsidiary, Simpson Strong-Tie Company Inc., designs, engineers and is a leading manufacturer of wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and concrete construction products, including adhesives, specialty chemicals, mechanical anchors, powder actuated tools and reinforcing carbon & glass fiber materials. The Company primarily supplies its building product solutions to both the residential and commercial markets in North America and Europe. The Company’s common stock trades on the New York Stock Exchange under the symbol “SSD.”
Copies of Simpson Manufacturing’s Annual Report to Stockholders and its proxy statements and other SEC filings, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, are made available free of charge on the company’s website on the same day they are filed with the SEC. To view these filings, visit the Investor Relations section of the Company’s website.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally can be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “outlook,” “target,” “continue,” “predict,” “project,” “change,” “result,” “future,” “will,” “could,” “can,” “may,” “likely,” “potentially,” or similar expressions. Forward-looking statements are all statements other than those of historical fact and include, but are not limited to, statements about future financial and operating results, our plans, objectives, business outlook, priorities, expectations and intentions, expectations for sales and market growth, comparable sales, earnings and performance, stockholder value, capital expenditures, cash flows, the housing market, the home improvement industry, demand for services, share repurchases, our ongoing integration of ETANCO and recently acquired companies, our strategic initiatives, including the impact of these initiatives on our strategic and operational plans and financial results, and any statement of an assumption underlying any of the foregoing.
Forward-looking statements are subject to inherent uncertainties, risks and other factors that are difficult to predict and could cause our actual results to vary in material respects from what we have expressed or implied by these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those expressed in or implied by our forward-looking statements include the effect of global pandemics such as the COVID-19 pandemic or other widespread public health crisis and their effects on the global economy, the effects of inflation and labor and supply shortages, on our operations, and the operations of our customers, suppliers and business partners, and our ongoing integration of ETANCO, as well as those discussed in the “Risk Factors” and ” Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and other reports we file with the SEC.
We caution that you should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Readers are urged to carefully review and consider the various disclosures made in our reports filed with the SEC that advise of the risks and factors that may affect our business, results of operations and financial condition.
Non-GAAP Financial Measures
This press release includes certain financial information not prepared in accordance with Generally Accepted Accounting Principles in the United States (“GAAP”). Since not all companies calculate non-GAAP financial information identically (or at all), the presentations herein may not be comparable to other similarly titled measures used by other companies. Further, these measures should not be considered substitutes for the financial measures calculated in accordance with GAAP. The Company uses Adjusted EBITDA as an additional financial measure in evaluating the ongoing operating performance of its business. The Company believes Adjusted EBITDA allows it to readily view operating trends, perform analytical comparisons, and identify strategies to improve operating performance. Adjusted EBITDA should not be considered in isolation or as a substitute for GAAP financial measures such as net income or any other performance measures derived in accordance with GAAP. See the Reconciliation of Non-GAAP Financial Measures below.
The Company defines Adjusted EBITDA as net income (loss) before income taxes, adjusted to exclude depreciation and amortization, integration, acquisition and restructuring costs, goodwill impairment, gain on bargain purchase, net loss or gain on disposal of assets, interest income or expense, and foreign exchange and other expense (income).
|
Simpson Manufacturing Co., Inc. and Subsidiaries UNAUDITED Condensed Consolidated Statements of Operations (In thousands, except per share data)
|
|||||||
|
Three Months Ended September 30, |
Nine Months Ended September 30, |
||||||
|
2024 |
2023 |
2024 |
2023 |
||||
|
Net sales |
$ 587,153 |
$ 580,084 |
$ 1,714,710 |
$ 1,712,093 |
|||
|
Cost of sales |
312,096 |
297,167 |
916,562 |
888,835 |
|||
|
Gross profit |
275,057 |
282,917 |
798,148 |
823,258 |
|||
|
Research and development and engineering expense |
23,678 |
24,751 |
68,303 |
67,035 |
|||
|
Selling expense |
54,590 |
52,391 |
165,007 |
151,497 |
|||
|
General and administrative expense |
70,604 |
64,793 |
207,181 |
197,267 |
|||
|
Total operating expenses |
148,872 |
141,935 |
440,491 |
415,799 |
|||
|
Acquisition and integration related costs |
1,356 |
785 |
4,992 |
4,086 |
|||
|
Gain on disposal of assets |
(25) |
(16) |
(460) |
(223) |
|||
|
Income from operations |
124,854 |
140,213 |
353,125 |
403,596 |
|||
|
Interest income and other, net |
1,668 |
1,292 |
4,111 |
18 |
|||
|
Other & foreign exchange gain (loss), net |
(29) |
(1,429) |
352 |
(1,471) |
|||
|
Income before taxes |
126,493 |
140,076 |
357,588 |
402,143 |
|||
|
Provision for income taxes |
32,974 |
36,055 |
90,821 |
102,958 |
|||
|
Net income |
$ 93,519 |
$ 104,021 |
$ 266,767 |
$ 299,185 |
|||
|
Earnings per common share: |
|||||||
|
Basic |
$ 2.22 |
$ 2.44 |
$ 6.31 |
$ 7.01 |
|||
|
Diluted |
$ 2.21 |
$ 2.43 |
$ 6.28 |
$ 6.98 |
|||
|
Weighted average shares outstanding: |
|||||||
|
Basic |
42,151 |
42,673 |
42,254 |
42,651 |
|||
|
Diluted |
42,335 |
42,882 |
42,464 |
42,893 |
|||
|
Cash dividend declared per common share |
$ 0.28 |
$ 0.27 |
$ 0.83 |
$ 0.80 |
|||
|
Other data: |
|||||||
|
Depreciation and amortization |
$ 21,276 |
$ 18,180 |
$ 59,835 |
$ 54,224 |
|||
|
Pre-tax equity-based compensation expense |
$ 4,662 |
$ 6,625 |
$ 15,089 |
$ 17,789 |
|||
|
Simpson Manufacturing Co., Inc. and Subsidiaries UNAUDITED Condensed Consolidated Balance Sheets (In thousands) |
||||||
|
September 30, |
December 31, |
|||||
|
2024 |
2023 |
2023 |
||||
|
Cash and cash equivalents |
$ 339,427 |
$ 571,006 |
$ 429,822 |
|||
|
Trade accounts receivable, net |
360,350 |
351,164 |
283,975 |
|||
|
Inventories |
583,380 |
504,446 |
551,575 |
|||
|
Other current assets |
51,609 |
51,583 |
47,069 |
|||
|
Total current assets |
1,334,766 |
1,478,199 |
1,312,441 |
|||
|
Property, plant and equipment, net |
495,822 |
382,508 |
418,612 |
|||
|
Operating lease right-of-use assets |
87,097 |
66,144 |
68,792 |
|||
|
Goodwill |
550,946 |
483,413 |
502,550 |
|||
|
Intangible assets, net |
395,517 |
356,450 |
365,339 |
|||
|
Other noncurrent assets |
33,311 |
48,773 |
36,990 |
|||
|
Total assets |
$ 2,897,459 |
$ 2,815,487 |
$ 2,704,724 |
|||
|
Trade accounts payable |
$ 110,321 |
$ 95,267 |
$ 107,524 |
|||
|
Long-term debt, current portion |
22,500 |
22,500 |
22,500 |
|||
|
Accrued liabilities and other current liabilities |
245,129 |
309,802 |
231,233 |
|||
|
Total current liabilities |
377,950 |
427,569 |
361,257 |
|||
|
Operating lease liabilities, net of current portion |
70,496 |
53,808 |
55,324 |
|||
|
Long-term debt, net of current portion and issuance costs |
442,886 |
539,073 |
458,791 |
|||
|
Deferred income tax |
89,226 |
97,298 |
98,170 |
|||
|
Other long-term liabilities |
53,680 |
28,248 |
51,436 |
|||
|
Stockholders’ equity |
1,863,221 |
1,669,491 |
1,679,746 |
|||
|
Total liabilities and stockholders’ equity |
$ 2,897,459 |
$ 2,815,487 |
$ 2,704,724 |
|||
|
Simpson Manufacturing Co., Inc. and Subsidiaries UNAUDITED Segment and Product Group Information (In thousands) |
||||||||||||
|
Three Months Ended |
Nine Months Ended |
|||||||||||
|
September 30, |
% |
September 30, |
% |
|||||||||
|
2024 |
2023 |
change* |
2024 |
2023 |
change* |
|||||||
|
Net Sales by Reporting Segment |
||||||||||||
|
North America |
$ 461,356 |
$ 456,820 |
1.0 % |
$ 1,331,126 |
$ 1,328,615 |
0.2 % |
||||||
|
Percentage of total net sales |
78.6 % |
78.8 % |
77.6 % |
77.6 % |
||||||||
|
Europe |
121,170 |
119,043 |
1.8 % |
370,985 |
371,074 |
N/M |
||||||
|
Percentage of total net sales |
20.6 % |
20.5 % |
21.6 % |
21.7 % |
||||||||
|
Asia/Pacific |
4,627 |
4,221 |
9.6 % |
12,599 |
12,404 |
1.6 % |
||||||
|
$ 587,153 |
$ 580,084 |
1.2 % |
$ 1,714,710 |
$ 1,712,093 |
0.2 % |
|||||||
|
Net Sales by Product Group** |
||||||||||||
|
Wood Construction |
$ 494,379 |
$ 491,308 |
0.6 % |
$ 1,450,972 |
$ 1,461,442 |
(0.7) % |
||||||
|
Percentage of total net sales |
84.2 % |
84.7 % |
84.6 % |
85.4 % |
||||||||
|
Concrete Construction |
86,715 |
84,141 |
3.1 % |
251,893 |
242,133 |
4.0 % |
||||||
|
Percentage of total net sales |
14.8 % |
14.5 % |
14.7 % |
14.1 % |
||||||||
|
Other |
6,059 |
4,635 |
N/M |
11,845 |
8,518 |
39.1 % |
||||||
|
$ 587,153 |
$ 580,084 |
1.2 % |
$ 1,714,710 |
$ 1,712,093 |
0.2 % |
|||||||
|
Gross Profit (Loss) by Reporting Segment |
||||||||||||
|
North America |
$ 228,169 |
$ 236,451 |
(3.5) % |
$ 660,287 |
$ 680,218 |
(2.9) % |
||||||
|
North America gross margin |
49.5 % |
51.8 % |
49.6 % |
51.2 % |
||||||||
|
Europe |
44,327 |
45,115 |
(1.7) % |
134,088 |
139,538 |
(3.9) % |
||||||
|
Europe gross margin |
36.6 % |
37.9 % |
36.1 % |
37.6 % |
||||||||
|
Asia/Pacific |
1,619 |
1,771 |
N/M |
3,781 |
4,515 |
N/M |
||||||
|
Administrative and all other |
942 |
(420) |
N/M |
(8) |
(1,013) |
N/M |
||||||
|
$ 275,057 |
$ 282,917 |
(2.8) % |
$ 798,148 |
$ 823,258 |
(3.1) % |
|||||||
|
Income (Loss) from Operations |
||||||||||||
|
North America |
$ 123,253 |
$ 135,633 |
(9.1) % |
$ 354,212 |
$ 393,456 |
(10.0) % |
||||||
|
North America operating margin |
26.7 % |
29.7 % |
26.6 % |
29.6 % |
||||||||
|
Europe |
12,635 |
15,450 |
(18.2) % |
33,037 |
42,894 |
(23.0) % |
||||||
|
Europe operating margin |
10.4 % |
13.0 % |
8.9 % |
11.6 % |
||||||||
|
Asia/Pacific |
260 |
477 |
N/M |
(617) |
718 |
N/M |
||||||
|
Administrative and all other |
(11,294) |
(11,347) |
N/M |
(33,507) |
(33,472) |
N/M |
||||||
|
$ 124,854 |
$ 140,213 |
(11.0) % |
$ 353,125 |
$ 403,596 |
(12.5) % |
|||||||
|
*Unfavorable percentage changes are presented in parentheses, if any. |
||
|
**The Company manages its business by geographic segment but presents sales by product group as additional information. |
||
|
N/M Statistic is not material or not meaningful. |
|
Simpson Manufacturing Co., Inc. and Subsidiaries Reconciliation of Non-GAAP Financial Measures (In thousands) (Unaudited) A reconciliation of Adjusted EBITDA to net income, the most directly comparable GAAP measure, is set forth below.
|
|||
|
Three Months Ended September 30, |
|||
|
2024 |
2023 |
||
|
Net Income |
$ 93,519 |
$ 104,021 |
|
|
Provision for income taxes |
32,974 |
36,055 |
|
|
Interest (income) expense, net and other financing costs |
(1,668) |
(1,292) |
|
|
Depreciation and amortization |
21,276 |
18,180 |
|
|
Other* |
2,177 |
1,828 |
|
|
Adjusted EBITDA |
$ 148,278 |
$ 158,792 |
|
|
*Other: Includes acquisition, integration, and restructuring related expenses, other & foreign exchange loss net, and net loss or gain on disposal of assets. |
CONTACT:
Addo Investor Relations
investor.relations@strongtie.com
(310) 829-5400
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SOURCE Simpson Manufacturing Co., Inc.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Goulston & Storrs Directors Cecilia Gordon and Christine Roddy Earn Connect Commercial Real Estate's 2024 Women in Real Estate Awards
BOSTON, Oct. 21, 2024 /PRNewswire/ — Goulston & Storrs, an Am Law 200 firm, is pleased to announce that directors Cecilia Gordon and Christine Roddy have been recognized as recipients of the 2024 Connect Commercial Real Estate (CRE) Women in Real Estate Awards for their professional excellence and inspirational leadership within commercial real estate.
Cecilia Gordon, an honoree from Boston and New England, is Co-Chair of both the firm’s Real Estate Group and Hospitality and Recreation Industry Group, where she helps lead a team of more than 100 attorneys. Her practice is centered on advising national and regional developers, investment funds, REITs, and property owners on complex real estate matters. She also focuses on helping clients in the hospitality industry with hotel and resort investments, branding, and management, as well as handling equity investments across various real estate asset classes through joint ventures and preferred equity structures. Gordon serves on the firm’s Newer Director Committee and the D.C. Committee. She earned her J.D. from New York University School of Law, and her B.A., magna cum laude, from Harvard University.
Christine Roddy, an honoree from Washington, DC, focuses her practice on zoning and land use, historic preservation, municipal law, and urban renewal. She counsels clients in the development of mixed-use, office, retail, institutional, industrial and residential projects. Her clients include developers, colleges and universities, private schools, institutional and non-profit organizations, as well as foreign governments. Roddy is a work allocator for the Real Estate Group and serves on the firm’s Wellbeing Advisory Group. She earned her J.D. from Vanderbilt Law School, and her B.A., cum laude, from Duke University.
About Goulston & Storrs
Collaboration is not just a pillar of our strategy; it is the key to our competitive advantage and approach to clients, community, and each other. At Goulston & Storrs, we practice law with excellence and integrity. We are a place where mutual respect and collaboration drive open discussion, transparency, creativity and optimal results for our clients. We are committed to being a diverse and inclusive workplace where sophisticated business is conducted with genuine camaraderie. To learn more about us, visit www.goulstonstorrs.com.
Contact:
Leigh Herzog
Goulston & Storrs PC
(617) 574-2259
lherzog@goulstonstorrs.com
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SOURCE Goulston & Storrs PC
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Lockheed Martin Reports Q3 Results Tuesday: Here's What To Watch
Lockheed Martin Corp LMT is set to report its third-quarter financial results before Tuesday’s opening bell. Here’s a look at what investors will be watching.
The Details: According to data from Benzinga Pro, analysts expect the company to report earnings of $6.50 per share and quarterly revenue of $17.351 billion. Lockheed Martin has beat analyst expectations on the top and bottom lines for the past seven consecutive quarters.
Investors are anticipating an update on the planned acquisition of satellite manufacturer Terran Orbital Corp. LLAP and updates on the defense contractor’s $5.1 billion in recently secured contracts.
Read Next: Nuclear Energy Stocks Are Hot: Here’s A List Of Tickers To Watch
What Else: Last week, Reuters reported the Biden administration plans to soften export restrictions on U.S. space companies to ship satellites and spacecraft-related items to allies.
People familiar with the matter reportedly said the move is aimed at boosting sales for the commercial space industry in the U.S. while protecting national security. Lockheed Martin stands to benefit from the new policies due to the company’s space segment.
Susquehanna analyst Charles Minervino maintained Lockheed Martin with a Positive rating and raised the price target from $565 to $705 ahead of the company’s third-quarter report.
LMT Price Action: According to Benzinga Pro, Lockheed Martin shares ended Monday’s session up 0.46% at $614.61.
Read Also:
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Medical Marijuana Dispensaries Near Preschools In Arizona? Court of Appeals Says Yes
The Arizona Court of Appeals decided recently that medical marijuana dispensaries can operate close to preschools.
This decision stems from a legal challenge against the Arizona Department of Health Services (ADHS) regarding the state’s medical marijuana law, specifically the 500-foot buffer zone requirement concerning schools, AZ Mirror reported.
See Also: Drivers Cannot Be Penalized For Cannabis Use If They’re Not Impaired, Arizona Court Rules
The case involved 3SL Family, LLC, which applied for a dispensary license in Ahwatukee in 2016. After the ADHS awarded the license to a competitor located near two preschools, 3SL argued that this placement violated the Arizona Medical Marijuana Act (AMMA).
Approved by voters in 2010, the AMMA legalized medical marijuana in the state and set strict rules about the proximity of dispensaries to “public or private schools.”
Distinction Between Schools And Preschools
In the majority opinion, Chief Judge David Gass stated: “Because statutes mean what they say, we conclude the two phrases do not have the same meaning and the two preschools at issue here are not ‘a public or private school’ under the Act.” The court recognized that Arizona law typically sees schools as institutions for school-aged children, effectively separating them from the preschool demographic.
Judge Andrew Jacobs, dissenting, argued that the AMMA’s language clearly categorizes preschools as schools. He said: “It would make no sense for the same drafting hand to separate preschoolers, grade schoolers, and high schoolers from marijuana in (one law) — only to allow the placement of dispensaries next to preschoolers in (another law) while separating them only from older schoolchildren.”
Implications For The Medical Marijuana Industry
This ruling could lead to increased accessibility for patients and greater competition among dispensaries in Arizona. However, it raises valid concerns about the proximity of marijuana businesses to young children. Judge Jacobs pointed out that allowing dispensaries near preschools might expose very young children to marijuana.
“Separating schoolchildren from medical marijuana growing, sale, and use is one means the voters chose to protect marijuana growers, sellers, and users from prosecution,” Jacobs said.
Continuing Legal Battles Ahead
For 3SL Family, LLC, this ruling isn’t the end of the legal journey. Attorney Jesse Callahan confirmed that an appeal to the Arizona Supreme Court will be forthcoming. “We believe that the language of the law clearly protects all schoolchildren, including those in preschool.”
This ruling comes at a time when Arizona’s medical marijuana market is experiencing significant shifts. After the legalization of recreational marijuana sales in January 2021, the number of qualifying medical marijuana patients in Arizona dropped from nearly 300,000 to under 95,000 by July 2024. This decline has put pressure on the state’s medical marijuana industry, which thrived in its early years.
Read Next:
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[Latest] Global Silicon Carbide Semiconductor Market Size/Share Worth USD 11,783.1 Million by 2033 at a 18.5% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
Austin, TX, USA, Oct. 21, 2024 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Silicon Carbide Semiconductor Market Size, Trends and Insights By Component (Schottky Diodes, FET/MOSFET Transistors, Integrated Circuits, Rectifiers/Diodes, Power Modules, Others), By Product (Optoelectronic Devices, Power Semiconductors, Frequency Devices, Others), By Wafer Size (1 inch to 4 inches, 6 inches, 8 inches, 10 inches & above), By End-User (Automotive, Consumer Electronics, Aerospace & Defense, Medical Devices, Data & Communication Devices, Energy & Power, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033“ in its research database.
“According to the latest research study, the demand of global Silicon Carbide Semiconductor Market size & share was valued at approximately USD 2,158.1 Million in 2023 and is expected to reach USD 2,557.3 Million in 2024 and is expected to reach a value of around USD 11,783.1 Million by 2033, at a compound annual growth rate (CAGR) of about 18.5% during the forecast period 2024 to 2033.”
Click Here to Access a Free Sample Report of the Global Silicon Carbide Semiconductor Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=52995
Silicon Carbide Semiconductor Market: Growth Factors and Dynamics
- Rising Demand for Electric Vehicles (EVs) and Hybrid Electric Vehicles (HEVs): The increasing adoption of EVs and HEVs globally drives the demand for Silicon Carbide Semiconductors in power electronics, owing to their ability to improve energy efficiency and extend driving range.
- Expansion of Renewable Energy Sector: The growth of renewable energy sources such as solar and wind power necessitates efficient power conversion technologies, spurring the demand for Silicon Carbide Semiconductors in inverters and converters for grid integration.
- Advancements in Power Electronics: Silicon Carbide Semiconductors offer higher power density, lower switching losses, and improved thermal conductivity compared to traditional silicon-based semiconductors, driving their adoption in power electronic applications such as inverters, converters, and motor drives.
- Increased Focus on Energy Efficiency: With a growing emphasis on energy conservation and sustainability, industries are adopting Silicon Carbide Semiconductors to reduce energy losses and improve system efficiency in various applications, including industrial motor drives and power supplies.
- Emerging Applications in Aerospace and Defense: Silicon Carbide Semiconductors are increasingly utilized in aerospace and defense applications for their ability to withstand high temperatures, radiation, and harsh environments, driving market growth in this sector.
- Technological Advancements and Cost Reductions: Continuous advancements in manufacturing processes and economies of scale contribute to cost reductions in Silicon Carbide Semiconductor production, making them more competitive and accessible for a wider range of applications, fueling market growth.
- Growing Demand for High-Frequency and High-Temperature Applications: Silicon Carbide Semiconductors are preferred for high-frequency and high-temperature applications due to their superior performance characteristics, including high breakdown voltage and thermal conductivity. This drives their adoption in industries such as telecommunications, RF devices, and automotive power electronics.
- Expansion of 5G Infrastructure: The deployment of 5G networks requires high-performance semiconductor components capable of handling increased data traffic and operating at high frequencies. Silicon Carbide Semiconductors play a crucial role in 5G infrastructure, enabling efficient power amplification and signal processing, thus contributing to market growth.
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Silicon Carbide Semiconductor Market: Partnership and Acquisitions
- In 2023, WOLFSPEED, INC. revealed a wafer supply agreement valued at USD 2 billion with Renesas Electronics Corporation, a provider of advanced semiconductor solutions. Renesas will secure a 10-year supply commitment for silicon carbide bare and epitaxial wafers from Wolfspeed, enabling Renesas to scale production of silicon carbide power semiconductors starting in 2025.
- In 2021, ON Semiconductor Corporation (ON Semi) announced an agreement to acquire SiC and sapphire materials manufacturer GT Advanced Technologies Inc. This strategic move aims to bolster ON Semi’s SiC supply chain, enabling it to meet growing customer demand for Silicon Carbide-based solutions.
- In 2022, ON Semiconductor Corporation (ON Semi) expanded its presence in the Czech Republic by launching an extended silicon carbide fabrication facility. This strategic expansion enhances ON Semi’s manufacturing capabilities, allowing it to meet the increasing demand for silicon carbide-based semiconductor solutions.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 2,557.3 Million |
| Projected Market Size in 2033 | USD 11,783.1 Million |
| Market Size in 2023 | USD 2,158.1 Million |
| CAGR Growth Rate | 18.5% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Component, Product, Wafer Size, End-User and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
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(A free sample of the Silicon Carbide Semiconductor report is available upon request; please contact us for more information.)
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Silicon Carbide Semiconductor Market: COVID-19 Analysis
The COVID-19 pandemic has significantly impacted the Silicon Carbide Semiconductor Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:
- Supply Chain Disruptions: The COVID-19 pandemic led to disruptions in global supply chains, affecting the availability of raw materials, components, and semiconductor manufacturing equipment, thereby impacting the production of Silicon Carbide Semiconductors.
- Delayed Investments and Project Deployments: Economic uncertainties and lockdown measures resulted in delayed investments and project deployments across various industries, affecting the demand for Silicon Carbide Semiconductors in applications such as electric vehicles, renewable energy, and telecommunications.
- Resumption of Production and Supply Chain Operations: As economic activities gradually resume, semiconductor manufacturers focus on ramping up production and restoring supply chain operations to meet the pent-up demand for Silicon Carbide Semiconductors.
- Accelerated Adoption of Electric Vehicles (EVs) and Renewable Energy: Governments worldwide prioritize investments in EV infrastructure and renewable energy projects as part of economic recovery plans, driving the demand for Silicon Carbide Semiconductors in power electronics and energy conversion systems.
- Technological Advancements and Innovation: Semiconductor companies continue to invest in research and development to enhance the performance and efficiency of Silicon Carbide Semiconductors, driving innovation in areas such as material science, device design, and manufacturing processes.
- Strategic Partnerships and Collaborations: Collaboration between semiconductor manufacturers, technology providers, and industry stakeholders fosters innovation and accelerates the adoption of Silicon Carbide Semiconductors in emerging applications such as 5G networks, electric vehicles, and industrial automation.
- Diversification of End-Use Applications: Semiconductor companies explore new markets and applications for Silicon Carbide Semiconductors beyond traditional sectors such as automotive and power electronics, tapping into opportunities in sectors like aerospace, healthcare, and consumer electronics to diversify revenue streams and mitigate risks.
In conclusion, the COVID-19 pandemic has had a mixed impact on the Silicon Carbide Semiconductor Market, with some challenges and opportunities arising from the pandemic.
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Key questions answered in this report:
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- What are the Silicon Carbide Semiconductor Industry’s top companies?
- What are the different categories that the Silicon Carbide Semiconductor Market caters to?
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- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Silicon Carbide Semiconductor Market – Regional Analysis
The Silicon Carbide Semiconductor Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: In North America, the Silicon Carbide Semiconductor market is driven by the increasing adoption of electric vehicles (EVs) and renewable energy solutions. Trends include the integration of Silicon Carbide technology in EV charging infrastructure, grid modernization projects, and data center applications. Additionally, partnerships between semiconductor manufacturers and automotive companies drive innovation in Silicon Carbide-based power electronics for EVs, contributing to market growth in the region.
- Europe: In Europe, the Silicon Carbide Semiconductor market is influenced by initiatives to achieve carbon neutrality and promote sustainable energy solutions. Trends include the deployment of Silicon Carbide-based power electronics in renewable energy projects, smart grid systems, and industrial automation applications. Moreover, collaborations between semiconductor firms and government agencies drive research and development efforts to accelerate the adoption of Silicon Carbide technology in key sectors such as automotive and aerospace.
- Asia-Pacific: In the Asia-Pacific region, the Silicon Carbide Semiconductor market experiences significant growth due to the region’s dominance in semiconductor manufacturing and rapid technological advancements. Trends include the expansion of Silicon Carbide production capacity, the emergence of innovative applications in consumer electronics and telecommunications, and the adoption of Silicon Carbide technology in electric vehicle production and energy infrastructure projects. Additionally, strategic partnerships between semiconductor companies and government entities drive market development initiatives in the region.
- LAMEA (Latin America, Middle East, and Africa): In the LAMEA region, the Silicon Carbide Semiconductor market is characterized by a focus on industrial automation, energy efficiency, and infrastructure development. Trends include the utilization of Silicon Carbide technology in oil and gas exploration, renewable energy projects, and smart city initiatives. Furthermore, collaborations between Silicon Carbide manufacturers and local governments drive investments in sustainable energy solutions and digital transformation, fostering market growth opportunities in the region.
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Browse the full “Silicon Carbide Semiconductor Market Size, Trends and Insights By Component (Schottky Diodes, FET/MOSFET Transistors, Integrated Circuits, Rectifiers/Diodes, Power Modules, Others), By Product (Optoelectronic Devices, Power Semiconductors, Frequency Devices, Others), By Wafer Size (1 inch to 4 inches, 6 inches, 8 inches, 10 inches & above), By End-User (Automotive, Consumer Electronics, Aerospace & Defense, Medical Devices, Data & Communication Devices, Energy & Power, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033“ Report at https://www.custommarketinsights.com/report/silicon-carbide-semiconductor-market/
List of the prominent players in the Silicon Carbide Semiconductor Market:
- Cree Inc.
- Infineon Technologies AG
- ROHM Co. Ltd.
- STMicroelectronics N.V.
- ON Semiconductor Corporation
- Microchip Technology Inc.
- Norstel AB
- Toshiba Corporation
- General Electric Company
- Fairchild Semiconductor International Inc.
- Renesas Electronics Corporation
- Alpha & Omega Semiconductor Inc.
- United Silicon Carbide Inc.
- Ascatron AB
- GeneSiC Semiconductor Inc.
- Others
Click Here to Access a Free Sample Report of the Global Silicon Carbide Semiconductor Market @ https://www.custommarketinsights.com/report/silicon-carbide-semiconductor-market/
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The Silicon Carbide Semiconductor Market is segmented as follows:
By Component
- Schottky Diodes
- FET/MOSFET Transistors
- Integrated Circuits
- Rectifiers/Diodes
- Power Modules
- Others
By Product
- Optoelectronic Devices
- Power Semiconductors
- Frequency Devices
- Others
By Wafer Size
- 1 inch to 4 inches
- 6 inches
- 8 inches
- 10 inches & above
By End-User
- Automotive
- Consumer Electronics
- Aerospace & Defense
- Medical Devices
- Data & Communication Devices
- Energy & Power
- Others
Click Here to Get a Free Sample Report of the Global Silicon Carbide Semiconductor Market @ https://www.custommarketinsights.com/report/silicon-carbide-semiconductor-market/
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Silicon Carbide Semiconductor Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Silicon Carbide Semiconductor Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Silicon Carbide Semiconductor Market? What Was the Capacity, Production Value, Cost and PROFIT of the Silicon Carbide Semiconductor Market?
- What Is the Current Market Status of the Silicon Carbide Semiconductor Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Silicon Carbide Semiconductor Market by Considering Applications and Types?
- What Are Projections of the Global Silicon Carbide Semiconductor Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Silicon Carbide Semiconductor Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Silicon Carbide Semiconductor Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Silicon Carbide Semiconductor Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Silicon Carbide Semiconductor Industry?
Click Here to Access a Free Sample Report of the Global Silicon Carbide Semiconductor Market @ https://www.custommarketinsights.com/report/silicon-carbide-semiconductor-market/
Reasons to Purchase Silicon Carbide Semiconductor Market Report
- Silicon Carbide Semiconductor Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Silicon Carbide Semiconductor Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Silicon Carbide Semiconductor Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Silicon Carbide Semiconductor Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Silicon Carbide Semiconductor market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Silicon Carbide Semiconductor market analysis.
- The competitive environment of current and potential participants in the Silicon Carbide Semiconductor market is covered in the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Silicon Carbide Semiconductor market should find this report useful. The research will be useful to all market participants in the Silicon Carbide Semiconductor industry.
- Managers in the Silicon Carbide Semiconductor sector are interested in publishing up-to-date and projected data about the worldwide Silicon Carbide Semiconductor market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Silicon Carbide Semiconductor products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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