Simpson Manufacturing Co., Inc. (NYSE:SSD) Q4 2022 Earnings Call Transcript

Brian Magstadt: Yes, we would expect as we’re looking at — free cash flow ought to be a bit less due to the additional CapEx that we’re looking at. Don’t — wouldn’t expect any significant trends in other working capital items moving the needle significantly from, say, inventory turn perspective, DSO or DPO perspective. So, other than increased CapEx, I think, the rest of the other elements of free cash flow would move with the general cyclicality and operations of the business. Nothing unusual to call out.

Daniel Moore: Okay. And maybe the last one. Similar to last quarter, you said you wouldn’t be opposed to M&A opportunities should they arise. Are you seeing more or less or sort of no change in terms of the opportunity set in this environment?

Brian Magstadt: No real change at this point. Again, we’re in a very specialized business. So, these are pretty unique assets that we’d be considering and there’s been really no major change.

Daniel Moore: All right. Appreciate it again.

Operator: As there are no further questions at this time, this will conclude today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.