For the fourth quarter of fiscal 2025, GMS reported net sales of $1.33 billion, a 5.6% decrease year-over-year, with organic net sales declining by 9.7% due to softer end market conditions. Net income decreased by 53.7% to $26.1 million, resulting in diluted earnings per share of $0.67. Adjusted EBITDA fell to $109.8 million, with an Adjusted EBITDA margin of 8.2%.
Full fiscal year 2025 net sales reached $5.51 billion, a marginal 0.2% increase, primarily from acquisitions, while organic sales declined by 5.8%. Net income for the full year decreased by 58.2% to $115.5 million, and Adjusted EBITDA was $500.9 million, down 18.6% from the prior year. The Adjusted EBITDA margin for the year was 9.1%.
The company generated strong cash flow, with $196.8 million from operating activities and $183.4 million in free cash flow for Q4, and $383.6 million from operating activities and $336.1 million in free cash flow for the full year. GMS acquired The Lutz Company on June 2, 2025, and established two new greenfield locations, continuing its platform expansion strategy.
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