GMS Reports First Quarter Fiscal 2021 Results

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Go back to GMS Reports First Quarter Fiscal 2021 Results

GMS Inc. (GMS) Tops Q2 EPS by 13c, Revenues Miss

September 3, 2020 6:02 AM EDT

GMS Inc. (NYSE: GMS) reported Q2 EPS of $0.94, $0.13 better than the analyst estimate of $0.81. Revenue for the quarter came in at $802.6 million versus the consensus estimate of $817.16 million.

First Quarter Fiscal 2021 Highlights
(Comparisons are to the first quarter of fiscal 2020, except where noted.)

Net sales of $802.6 million decreased 5.3%; organic net sales decreased 5.7%.Gross margin of 32.5% improved 20 basis points.Net income of $27.2 million, or $0.63 per diluted share, increased 9.7%.Adjusted net income of $40.3 million, or $0.94 per diluted share, increased 7.5%.Adjusted EBITDA margin of 10.3% improved 40... More