GMS Reports Fourth Quarter and Fiscal Year 2020 Results

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Go back to GMS Reports Fourth Quarter and Fiscal Year 2020 Results

GMS Inc. (GMS) Tops Q4 EPS by 4c, Revenues Beat

June 25, 2020 6:02 AM EDT

GMS Inc. (NYSE: GMS) reported Q4 EPS of $0.56, $0.04 better than the analyst estimate of $0.52. Revenue for the quarter came in at $770.9 million versus the consensus estimate of $723.46 million.

Fourth Quarter Fiscal 2020 Highlights

Net sales of $770.9 million decreased 1.2% from $780.1 million in the fourth quarter of the prior fiscal year, as COVID-related market declines in late March and April more than offset higher sales earlier in the quarter. Organic net sales decreased 1.8%.Reported net loss of $41.5 million, or $0.98 per diluted share, compared to net income of $16.6 million, or $0.39 per diluted... More