Risk Sleuth
SSD · 10-K filed 27 Feb 2026 · year to 31 Dec 2025

Simpson Manufacturing

25 named things its latest annual report says its results depend on, each in the company's own words. 15 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Top U.S. homebuilders

earns from · 25 of the top 30 builders
Currently, in the U.S. 25 of the top 30 builders (based on number of housings starts per year) are engaged in our builder program.Business (Item 1)

Largest customers

earns fromnamed as a risk
Our largest customers accounted for a significant portion of net sales for the years ended December 31, 2025, 2024, and 2023.Risk factors (Item 1A)

Also named by HL, ODFL, VFC

Lumber dealers and building materials cooperatives

earns from
The Company sells a significant portion of its products directly to lumber dealers and building materials cooperatives that serve residential and light commercial construction markets.Business (Item 1)

Suppliers

Workday, Inc.

depends onnamed as a risk
These systems include complex software systems and hosted applications that are provided by third parties such as financial management and human capital management platforms from SAP America, Inc. and Workday, Inc.Risk factors (Item 1A)

Also named by PAYC, TYL

SAP America, Inc.

depends onnamed as a risk
These systems include complex software systems and hosted applications that are provided by third parties such as financial management and human capital management platforms from SAP America, Inc. and Workday, Inc.Risk factors (Item 1A)

Other companies

U.S. residential construction (housing starts)

earns from · approximately 77.8% of net salesnamed as a risk
The Company’s sales remain influenced, in part, by activity levels in the U.S. residential construction industry, with the North America Segment accounting for approximately 77.8% of net sales for the fiscal year ended December 31, 2025.Business (Item 1)

Also named by MLM, URI

Places

Europe

earns from · 26.5% of our consolidated net salesnamed as a risk
Sales outside of the U.S. accounted for 26.5% of our consolidated net sales and a portion of our earnings in 2025.Risk factors (Item 1A)

Also named by ADSK, AME, AMRC, ATR, BCSF, BKNG, BMI, BMY and 60 more

Jiangsu, China

operates innamed as a risk
Any halting or disruption to our operations at or near our Jiangsu, China manufacturing facility could substantially interfere with our general commercial activity related to our supply chain and customer base, which could have a material adverse effect on our financial condition, results of operations, business or prospects.Risk factors (Item 1A)

Stockton, California

operates innamed as a risk
In Stockton, California, two union contracts will expire in June 2027 and September 2028, respectively.Business (Item 1)

Riverside, California

operates innamed as a risk
In Riverside, California, two union contracts will expire in June 2026 and March 2029, respectively.Business (Item 1)

Enfield, Connecticut

operates innamed as a risk
In Enfield, Connecticut, one union contract will expire in December 2029.Business (Item 1)

Hazards

Earthquakes

operates innamed as a risk
For example, we do not carry earthquake insurance and other insurance that we carry is limited in the risks covered and the amount of coverage.Risk factors (Item 1A)

Also named by AAPL, AMKR, AN, ANET, APP, BRO, CDNS, CEG and 37 more

Commodities and inputs

Steel

exposed to its pricenamed as a risk
Steel is the principal raw material used in the manufacture of many of our products.Risk factors (Item 1A)

Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more

Natural gas

exposed to its pricenamed as a risk
Additionally, severely low temperatures may lead to significant and immediate spikes in costs of natural gas, electricity and other commodities that could negatively affect our results of operation.Risk factors (Item 1A)

Also named by AA, ADM, AEE, AEP, AES, AESI, AGX, ALB and 132 more

Euro

exposed to its pricenamed as a risk
In 2022, 2023, and 2025, we entered into financial contracts at various times to hedge the risk of fluctuations associated with the Euro and the Chinese Yuan.Market risk (Item 7A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Chinese Yuan

exposed to its pricenamed as a risk
In 2022, 2023, and 2025, we entered into financial contracts at various times to hedge the risk of fluctuations associated with the Euro and the Chinese Yuan.Market risk (Item 7A)

Also named by ABT, ASO, BEN, CHRW, CROX, CYRX, DORM, ESI and 13 more

Zinc

exposed to its pricenamed as a risk
In addition to increases in steel prices, steel mills may impose surcharges for zinc, energy and freight in response to their rising costs.Business (Item 1)

Also named by CDE, FBIN, HL, HLMN, JBI, LFUS, LNN, MAS and 6 more

Energy

exposed to its pricenamed as a risk
The cost of producing our products is also sensitive to the price of energy.Risk factors (Item 1A)

Also named by DD, FCX, INGR, LBTYA, MLM

Wood products

exposed to its pricenamed as a risk
increasing the cost and reducing the availability of wood products used in construction;Risk factors (Item 1A)

Laws and programs

OECD Pillar II global minimum tax

subject to · 15.0%named as a risk
While we are subject to Pillar II, the legislative changes enacted to date did not have a material impact on our overall operations.Risk factors (Item 1A)

Also named by CL, MCO, NVT, RH

Second Amended and Restated Credit Agreement

$374.2 millionnamed as a risk
As of December 31, 2025, the outstanding debt under the Second Amended and Restated Credit Agreement subject to interest rate fluctuations was $374.2 million.Market risk (Item 7A)

International Traffic in Arms Regulations (ITAR)

subject tonamed as a risk
We are subject to a number of export, import and economic sanction regulations, including the International Traffic in Arms Regulations (“ITAR”), the Export Administration Regulations (“EAR”) and U.S. sanction regulations administered by the U.S. Department of Treasury, Office of Foreign Assets (“OFAC”).Risk factors (Item 1A)

Also named by ACHR, ADI, AIR, ALSN, APH, AVAV, CDRE, CLS and 29 more

U.S. tariffs on Chinese imports

subject tonamed as a risk
If significant tariffs or other restrictions are placed on Chinese or other imports or any related countermeasures are taken by China or other countries, our costs of doing business, revenue and results of operations may be materially harmed.Risk factors (Item 1A)

Also named by CGNX, CSGP, EXPD, LZB, ROST, WTTR

Conflict minerals regulations

subject tonamed as a risk
We are currently subject to conflict mineral disclosure regulations in the U.S. and may be affected by new regulations concerning conflict and similar minerals adopted by other jurisdictions where we operate.Risk factors (Item 1A)

Also named by ENS, ESI

U.S. tariffs on imported fastener and anchor products

subject tonamed as a risk
In 2025, changes to tariffs on certain imported fastener and anchor products negatively impacted our cost structure, contributing to a decline in gross margin in the North America segment.Risk factors (Item 1A)