GMS Inc. Reports Decline in First Quarter Fiscal 2026 Net Sales and Adjusted Net Income; EPS Falls from $1.93 to $1.76
Reuters
Aug 28
<a href="https://laohu8.com/S/GMS">GMS Inc.</a> Reports Decline in First Quarter Fiscal 2026 Net Sales and Adjusted Net Income; EPS Falls from $1.93 to $1.76
GMS Inc., a leading North American specialty building products distributor, has reported its financial results for the fiscal first quarter ended July 31, 2025. The company recorded net sales of $1.41 billion, reflecting a slight decrease from the $1.45 billion reported in the same period in 2024. The net income for the quarter was $101.8 million, significantly down from $246.5 million in the prior year. Adjusted net income per share was $1.76 on a diluted basis, compared to $1.93 in the previous year. The company's gross profit stood at $436.5 million, down from $451.6 million the prior year. Operating expenses were relatively stable at $355.3 million compared to $353.2 million the previous year. The company's adjusted SG&A margin was reported at 21.4%, slightly higher than the 21.2% recorded in the first quarter of 2024. No additional updates or changes in business operations were detailed in the report.
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