GMS Inc. (GMS) Misses Q3 EPS by 11c

GMS Inc. (NYSE: GMS) reported Q3 EPS of $0.20, $0.11 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $562.5 million versus the consensus estimate of $562.02 million.

Third Quarter Fiscal 2017 Highlights Compared to Third Quarter Fiscal 2016

• Net sales increased 33.8% to $562.5 million; base business net sales increased 15.5%
• Wallboard unit volume grew 30.5% to 842 million square feet
• Net income increased to $8.2 million, or $0.20 per share, compared to a net loss of ($2.2) million, or ($0.07) per share
• Adjusted EBITDA margin improved 110 basis points to 7.2% as a percentage of net sales
• Net debt to Adjusted EBITDA declined from 4.5x to 3.1x
• Entered Indiana market through acquisition of Interior Products Supply

For earnings history and earnings-related data on GMS Inc. (GMS) click here.

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