GMS Inc. reported net sales of $1.41 billion for the fiscal first quarter ended July 31, 2025, representing a 2.4% decrease year-over-year. Despite the sales decline, the company's revenue surpassed Wall Street expectations.
The company announced net income of $43.6 million, or $1.13 per diluted share. Adjusted earnings, which exclude non-recurring costs, were $1.76 per share, exceeding analysts' consensus estimates.
These results reflect GMS's operational resilience in a challenging market, with cost reduction initiatives and share gains in the single-family residential segment contributing to the better-than-expected earnings performance.
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