GMS - These Analysts Cut Their Forecasts On GMS Following Q4 Results | Benzinga
GMS Inc (NYSE:GMS) reported mixed financial results for its fourth quarter on Thursday.
GMS reported fourth-quarter fiscal 2024 net sales of $1.413 billion, an 8.4% year-over-year growth and 4% organic growth, beating the consensus of $1.403 billion. The specialty building products distributor's adjusted EPS of $1.93 missed the consensus of $2.04, according to data from Benzinga Pro.
Gross profit rose 6.3% Y/Y to $451.198 million, and the margin contracted 60 basis points to 31.9%. Operating margin declined by 165 bps to 7.1% for the quarter, with an operating income of $100.08 million (-12.1% Y/Y).
"Solid levels of ...