GMS Inc. (GMS) Tops Q2 EPS by 22c

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Go back to GMS Inc. (GMS) Tops Q2 EPS by 22c

GMS Reports First Quarter Fiscal 2023 Results

September 1, 2022 6:00 AM EDT

Record Levels of Net Sales, Net Income and Adjusted EBITDA; Improving Commercial Backdrop

TUCKER, Ga.--(BUSINESS WIRE)-- GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, today reported financial results for the fiscal first quarter ended July 31, 2022.

First Quarter Fiscal 2023 Highlights

(Comparisons are to the first quarter of fiscal 2022)

Net sales of $1,359.6 million increased 30.5%; organic net sales increased 24.1%. Net income of $89.5 million, or $2.07 per diluted share, increased 46.2% compared to net income of $61.2 million, or $1.39 per diluted share;... More