NYSE$GMS
Gms Inc · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
GMS delivered solid results driven by volume growth across all major product categories.
GMS reported an 8.4% increase in net sales for Q4 2024, reaching $1.41 billion, driven by volume growth across all product categories. Despite steel price deflation impacting sales and margins, the company saw positive single-family Wallboard volume growth for the first time since fall 2022. Net income decreased by 25.4% to $56.4 million, while adjusted EBITDA was $146.6 million.
- Net sales increased by 8.4% to $1.41 billion, or 6.7% on a same day basis.
- Wallboard sales increased 7.6%, ceilings sales increased 21.7%, steel framing sales decreased 1.5%, and complementary product sales increased 9.8%.
- Gross profit increased 6.3% to $451.2 million, while gross margin decreased 60 basis points to 31.9%.
- Adjusted EBITDA was $146.6 million, with an adjusted EBITDA margin of 10.4%.
Headline financials
Revenue & EPS history
GMS · Revenue · Quarterly
$1.41B
Forward guidance
GMS anticipates continued changes in end market dynamics in fiscal 2025, with an improving single-family market partially offsetting declining multi-family and commercial demand. Near-term headwinds are expected in Wallboard and Steel margins, but improvements are expected in the second quarter and solid results for the full fiscal year.
Tailwinds
- Improving single-family end market expected to partially offset declines in multi-family and commercial demand.
- Benefits expected from previously announced Wallboard pricing actions later in the summer.
- Anticipated improvement in Steel pricing due to recent manufacturer price increases.
- Company prepared to manage shifts in end market demand and price movement.
- Continued focus on providing outstanding service and executing strategic priorities.
Headwinds
- Anticipates some near-term headwinds, particularly in Wallboard and Steel margins.
- Declining multi-family and likely commercial demand expected throughout the year.
- Steel price deflation impacted sales and margins in Q4.
- Increased SG&A expenses related to acquisitions, greenfield openings, and labor costs.
- Expects to see benefits from the implementation of the previously announced pricing actions later this summer.
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 Q4 2024
-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
| Quarter | Report date | Reaction (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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro