GMS Q1 Earnings & Sales Miss Estimates, Margins Decline Y/Y
GMS(GMS) ZACKS·2024-08-31 02:20
GMS Inc. (GMS) reported tepid results for first-quarter fiscal 2025 (ended July 31, 2024), wherein its earnings and net sales missed the Zacks Consensus Estimate. The top line grew, while the bottom line declined year over year. The quarterly results reflect volume growth (including acquisitions) and resilient pricing in most of the company's main product lines, partially offset by reduced activity levels across all its end markets due to the ongoing economic uncertainties and steel price deflation. Increas ...