2023-08-31 06:01:52 ET
- GMS press release ( NYSE: GMS ): Q1 Non-GAAP EPS of $2.40 beats by $0.02 .
- Revenue of $1.4B (+2.9% Y/Y) beats by $20M .
- Shares +1.4% PM.
- Wallboard volume growth of 22.1% in multi-family and 5.9% in commercial in the U.S. helped to partially offset single-family declines of 12.5%.
- Net income of $86.8 million, or $2.09 per diluted share, decreased 3.0% compared to net income of $89.5 million, or $2.07 per diluted share in the previous year; Net income margin declined 40 basis points to 6.2%; Adjusted net income of $99.6 million, or $2.40 per diluted share, compared to $105.2 million, or $2.43 per diluted share.
- Adjusted EBITDA of $173.3 million decreased $1.7 million, or 1.0%; Adjusted EBITDA margin was 12.3%, compared to 12.9%.
- Net debt leverage was 1.5 times, improved from 1.8 times a year ago.
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GMS Non-GAAP EPS of $2.40 beats by $0.02, revenue of $1.4B beats by $20M