GMS Inc. (NYSE: GMS) saw its stock price plummet by 7.36% in pre-market trading on Thursday, following the release of the company's fiscal third-quarter 2025 financial results.
The construction supply company reported disappointing Q3 figures, with revenue of $1.26 billion falling short of analyst estimates of $1.29 billion. Additionally, GMS's adjusted EBITDA of $93 million missed the consensus forecast of $115.4 million, while adjusted net income of $36.2 million also lagged expectations of $55.1 million.
The weaker-than-expected performance in the quarter, particularly on the profitability front, appears to have weighed heavily on investor sentiment, driving the pre-market sell-off in GMS shares.