PLEASANTON -- Simpson Manufacturing said its profits shrunk but sales edged higher for the company's second quarter of fiscal 2012 due to weakness in debt-infested Europe and a flabby economy in the United States.
During the April-June period, Simpson earned $15.9 million on sales of $181.7 million. Simpson produces connectors, fasteners and other materials and components used in residential and commercial building construction said.
Compared to the year-ago quarter, profits fell 18.6 percent while revenue rose 2.2 percent.
Pleasanton-based Simpson said its increase in sales was due primarily to recent acquisitions that weren't in effect a year ago.
"Excluding sales from acquisitions, the company's second quarter 2012 sales decreased," Simpson said in a prepared release.
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