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Stock impact report

GMS Reports Third Quarter Fiscal 2024 Results

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
Volume Growth Across All Four Major Product Categories Amid High Levels of Multi-Family And Commercial Activity Coupled With Improving Single-Family Demand TUCKER, Ga.--(BUSINESS WIRE)--GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, today reported financial results for the fiscal third quarter ended January 31, 2024.Third Quarter Fiscal 2024 Highlights(Comparisons are to the third quarter of fiscal 2023)Net sales of $1.3 billion increased 1.9%; organic net sales decreased 0.2%.U.S. Wallboard volume growth of 12.7% in multi-family and 7.9% in commercial helped offset a 2.3% decline in single-family.Net income of $51.9 million, or $1.28 per diluted share, compared to net income of $64.8 million, or $1.53 per diluted share in the previous year period; Net income margin declined 110 basis points to 4.1%; Adjusted net income of $65.0 million, or $1.60 per diluted share, compared to $78.3 million, or $1.85 per diluted share in the previous year.Ad Show less Read more
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