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Stock impact report

GMS Reports Results for First Quarter 2019

GMS Inc. (GMS) 
Last gms inc. earnings: 3/5 06:00 am Check Earnings Report
US:NYSE Investor Relations: investor.gms.com
Company Research Source: Business Wire
- First Quarter Net Sales Increased 21.2% to a record $778.1 Million – - First Quarter Net Income of $8.7 Million - - First Quarter Adjusted EBITDA Increased to a record $75.3 Million - TUCKER, Ga.--(BUSINESS WIRE)-- GMS Inc. (NYSE:GMS), a leading North American distributor of wallboard and suspended ceilings systems, today reported financial results for the first quarter of fiscal 2019 ended July 31, 2018. Net sales for the fiscal first quarter ended July 31, 2018 increased 21.2% to a record $778.1 million from $642.2 million for the fiscal first quarter ended July 31, 2017. Reported net income decreased to $8.7 million, or $0.20 per diluted share, compared to $15.3 million, or $0.36 per diluted share. As previously disclosed, the decrease in net income is attributable to $10.5 million in pre-tax transaction related costs related to the June 1, 2018 acquisition of WSB Titan (“Titan”), Show less Read more
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