GMS Q1 2025 Earnings Report
Key Takeaways
GMS Inc. reported a 2.8% increase in net sales, reaching $1.4 billion, with net income decreasing by 34.1% to $57.2 million. Adjusted EBITDA decreased 15.8% to $145.9 million. The company realized volume growth and improved pricing in most major product lines, offset by steel price deflation and weaker activity levels across end markets.
Net sales increased by 2.8% to $1.4 billion, driven by acquisitions and resilient pricing, offset by steel price deflation.
Net income decreased by 34.1% to $57.2 million, or $1.42 per diluted share.
Adjusted EBITDA decreased by 15.8% to $145.9 million.
The company is implementing a $25 million annualized cost reduction program.
GMS
GMS
Forward Guidance
Market pressures are expected to persist over the next several quarters, at least until the expected reduction in interest rates can positively impact demand for our products.