GMS Inc. (GMS) Misses Q2 EPS by 4c, Miss on Revenues

GMS Inc. (NYSE: GMS) reported Q2 EPS of $0.51, $0.04 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $648 million versus the consensus estimate of $663.45 million.

Second Quarter 2018 Highlights Compared to Second Quarter 2017

• Net sales increased 9.5% to a record $648.0 million; base business net sales increased 5.1%
• Wallboard unit volume grew 4.3% to a record 929 million square feet
• Net income increased to $18.0 million, or $0.43 per diluted share, compared to $17.2 million, or $0.42 per diluted share
• Adjusted EBITDA grew 9.5% to a record $54.2 million
• Gross margin expanded 20 basis points to 32.8%
• Acquired ASI Building Products, LLC in Michigan and Washington Builders Supply, Inc. in Pennsylvania during the second quarter

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

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