GMS Reports Second Quarter Fiscal 2021 Results

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GMS Inc. (GMS) Tops Q2 EPS by 2c, Revenues Beat

December 3, 2020 6:02 AM EST

GMS Inc. (NYSE: GMS) reported Q2 EPS of $0.93, $0.02 better than the analyst estimate of $0.91. Revenue for the quarter came in at $812.9 million versus the consensus estimate of $798.05 million.

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

Net sales of $812.9 million decreased 5.7%; organic net sales decreased 6.4%. On a per day basis, net sales and organic net sales declined 4.2% and 5.0%, respectively.Net income of $28.5 million, or $0.66 per diluted share; adjusted net income of $40.2... More