GMS Reports Fourth Quarter and Fiscal Year 2019 Results

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Go back to GMS Reports Fourth Quarter and Fiscal Year 2019 Results

GMS Inc. (GMS) Misses Q4 EPS by 4c, Revenues Miss

June 27, 2019 6:16 AM EDT

GMS Inc. (NYSE: GMS) reported Q4 EPS of $0.68, $0.04 worse than the analyst estimate of $0.72. Revenue for the quarter came in at $780.1 million versus the consensus estimate of $784.06 million.

Net sales of $780.1 million increased 22.7% from $635.8 million in the fourth quarter of the prior fiscal year. Organic net sales increased 7.0% year over year as a result of higher volumes and pricing improvement across all product groups.Reported net income of $16.6 million, or $0.39 per diluted share, compared to $9.9 million, or $0.24 per diluted share, in the fourth quarter of the prior fiscal year.Adjusted net... More