GMS Q1 Earnings & Sales Miss Estimates, Margins Decline Y/Y [Yahoo! Finance]
GMS Inc. (GMS)
Last gms inc. earnings: 3/5 06:00 am
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Source: Yahoo! Finance
The top line grew, while the bottom line declined year over year. The quarterly results reflect volume growth (including acquisitions) and resilient pricing in most of the company's main product lines, partially offset by reduced activity levels across all its end markets due to the ongoing economic uncertainties and steel price deflation. Increased activity-based employee compensation and warehouse, along with the ongoing inflationary risks, pressured the bottom line to a great extent. GMS expects the ongoing economic uncertainties to continue in the near term and is bracing itself accordingly to counter the adverse impacts. The company's focus on executing its cost reduction program, inorganic activities and other strategic initiatives is likely to position it well in the market amid the ongoing disruptions. GMS' Quarterly Results in Detail GMS reported adjusted earnings per share (EPS) of $1.93, which missed the Zacks Consensus Estimate of $2.11 million by 8.5%. In the year
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GMS
News
- GMS Announces Date for Second Quarter Fiscal Year 2025 Earnings Release and Conference CallBusiness Wire
- GMS Inc. (NYSE: GMS) had its price target raised by analysts at Robert W. Baird from $96.00 to $115.00. They now have an "outperform" rating on the stock.MarketBeat
- Investors in GMS (NYSE:GMS) have seen solid returns of 214% over the past five years [Yahoo! Finance]Yahoo! Finance
- GMS Effectively Paddles Through Industry Challenges [Seeking Alpha]Seeking Alpha
- GMS Inc. (NYSE: GMS) had its price target lowered by analysts at Barclays PLC from $81.00 to $80.00. They now have an "equal weight" rating on the stock.MarketBeat
GMS
Earnings
- 8/29/24 - Miss
GMS
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form 144
- 11/8/24 - Form SC
- GMS's page on the SEC website