GMS Inc. (GMS) Tops Q4 EPS by 3c, Beats on Revenues

GMS Inc. (NYSE: GMS) reported Q4 EPS of $0.48, $0.03 better than the analyst estimate of $0.45. Revenue for the quarter came in at $615 million versus the consensus estimate of $608.74 million.

Fourth Quarter 2017 Highlights Compared to Fourth Quarter 2016

• Net sales increased 16.7% to a record $615.0 million; base business net sales increased 5.6% with 2 fewer shipping days
• Wallboard unit volume grew 11.1% to a record 906 million square feet
• Net income increased to $14.3 million, or $0.34 per diluted share, compared to $8.9 million, or $0.27 per diluted share
• Adjusted EBITDA grew 19.5% to $52.1 million
• Adjusted EBITDA margin improved 20 basis points to 8.5% as a percentage of net sales
• Net debt to Adjusted EBITDA declined from 4.3x to 2.9x
• Strengthened existing presence in Hawaii

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

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