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GMS Inc (GMS)
NYSE:GMS
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$1.4Last Year’s EPS
$1.6Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 05, 2024
|% Change Since: -16.47%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance with some areas of growth due to acquisitions and product diversification, but significant challenges remain due to market conditions and external disruptions such as hurricanes. While there are strategic efforts to drive cost savings and share repurchases, declining organic sales and margins, alongside lower net income, point to ongoing difficulties.Company Guidance
During the GMS Q2 2025 earnings call, management provided detailed guidance on various metrics affecting their performance and outlook. The company reported net sales of $1.47 billion, a 3.5% increase year-over-year, largely driven by recent acquisitions and volume growth in Ceilings, Steel Framing, and Complementary Products. However, organic sales declined by 4.6% due to softened market conditions and disruptions from hurricanes, impacting net sales by approximately $20 million and adjusted EBITDA by $6 million. Gross margin stood at 31.4%, with a 90 basis point decline from the previous year attributed to a shift in product mix and pricing dynamics. Net income for the quarter was $53.5 million, down from $81 million, while adjusted EBITDA was $152.2 million compared to $167.6 million a year ago. Looking ahead, GMS expects third-quarter net sales to rise slightly, with gross margins improving to between 31.5% and 31.7%, and adjusted EBITDA projected to range between $113 million and $118 million. The company also highlighted its strategic focus on expanding Complementary Products and maintaining operational efficiencies to navigate the challenging market environment.Revenue Growth
Net sales increased 3.5% year-over-year to $1.47 billion, driven by recent acquisitions and volume growth in Ceilings, Steel Framing, and Complementary Products.
Ceilings and Complementary Products Growth
Ceilings sales grew 16.6% year-over-year with a 5.5% benefit to price and mix. Complementary Products sales increased 9%, marking the 18th consecutive quarter of growth.
Cost Savings Initiatives
Implemented cost savings initiatives are expected to achieve $30 million of annualized savings, with half realized in the second quarter.
Share Repurchase Program
Repurchased 593,000 shares for $52.3 million at an average price of $88.19 per share, with a renewed authorization to repurchase up to $250 million of shares.
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GMS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GMS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 05, 2024 | $102.29 | $97.76 | -4.43% |
| Aug 29, 2024 | $91.15 | $85.00 | -6.75% |
| Jun 20, 2024 | $89.89 | $84.40 | -6.11% |
| Feb 29, 2024 | $89.96 | $89.31 | -0.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does GMS Inc (GMS) report earnings?
GMS Inc (GMS) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is GMS Inc (GMS) earnings time?
GMS Inc (GMS) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GMS EPS forecast?
GMS EPS forecast for the fiscal quarter 2025 (Q3) is $1.4.
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