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

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GMS Reports First Quarter Fiscal 2021 Results

September 3, 2020 6:00 AM EDT

Strong Execution Results in Higher Profit Margins Despite Top-Line Challenges Related to COVID-19

TUCKER, Ga.--(BUSINESS WIRE)-- GMS Inc. (NYSE: GMS), a leading North American specialty distributor of interior building products, today reported financial results for the first quarter of fiscal 2021 ended July 31, 2020.

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,... More