NYSE$GMS

Gms Inc · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

GMS reported volume gains and resilient wallboard pricing amidst softening end market demands and continued steel price deflation.

GMS Inc. reported a 2.8% increase in net sales, reaching $1.4 billion, with net income decreasing by 34.1% to $57.2 million. Adjusted EBITDA decreased 15.8% to $145.9 million. The company realized volume growth and improved pricing in most major product lines, offset by steel price deflation and weaker activity levels across end markets.

  • Net sales increased by 2.8% to $1.4 billion, driven by acquisitions and resilient pricing, offset by steel price deflation.
  • Net income decreased by 34.1% to $57.2 million, or $1.42 per diluted share.
  • Adjusted EBITDA decreased by 15.8% to $145.9 million.
  • The company is implementing a $25 million annualized cost reduction program.

Headline financials

Total Revenue

$1.45B

Previous: $1.41B+2.7%
EPS (adj)

$1.93

Previous: $2.40-19.6%
Adjusted EBITDA

$146M

Previous: $173M-15.8%
Adj. EBITDA Margin

10.1%

No prior period
SG&A Expense

$315M

No prior period
Adjusted SG&A

$308M

No prior period
Adj. SG&A Margin

21.2%

No prior period
Net Debt / Adj. EBITDA

2.1

Previous: 1.5+40.0%
Capital Expenditures

-$8.98M

Previous: $13.5M-166.3%
Net Income

$57.20

Previous: $86.8M-100.0%
Operating Income

$101M

Previous: $132M-23.6%
Gross Profit

$452M

Previous: $451M+0.2%
R&D Expense

$0.00

No prior period
Stock-Based Comp

$4.34M

Previous: $5M-13.2%

Revenue & EPS history

GMS · Revenue · Quarterly

$1.45B

Q1 2025+2.7%vs Q1 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

Market pressures are expected to persist over the next several quarters, at least until the expected reduction in interest rates can positively impact demand for our products.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 6 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.3%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+7.0%

Avg return

30 days after

45%

19 / 42 earnings

Positive

+24.8%

Q1 2020

Best reaction

-17.5%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026
Q2 2026
Q1 2026+0.0%+0.1%
Q4 2025+11.5%+38.0%+51.0%
Q3 2025-7.5%-10.7%-8.4%
Q2 2025-5.1%-7.2%-17.9%
Q1 2025-4.8%-7.9%-0.4%
Q4 2024-9.0%-11.0%+1.0%
Q3 2024+0.7%-1.1%+8.0%
Q2 2024-0.7%+8.3%+15.7%
Q1 2024-4.7%
Q4 2023+0.4%
Q3 2023-0.5%
Q2 2023+8.8%
Q1 2023-4.5%
Q4 2022+13.9%
Q3 2022-13.6%
Q2 2022+0.4%
Q1 2022+3.6%
Q4 2021+12.2%
Q3 2021+7.7%
Q2 2021-9.4%
Q1 2021-11.5%
Q4 2020+3.5%
Q3 2020-4.4%
Q2 2020-3.1%
Q1 2020+24.8%
Q4 2019+17.5%
Q3 2019-17.5%
Q2 2019-5.1%
Q1 2019-6.4%
Q4 2018-12.3%
Q3 2018+5.1%
Q2 2018-1.1%
Q1 2018+8.7%
Q4 2015+1.4%
Q4 2017-10.8%
Q3 2016+3.1%
Q3 2017+3.1%
Q2 2016-1.8%
Q2 2017-1.8%
Q1 2017-3.8%
Q1 2016-3.8%
Q4 2016+3.7%
Q3 2015
Q2 2015
Q1 2015

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