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These Analysts Cut Their Forecasts On GMS Following Q4 Results

GMS Inc (NYSE:GMS) reported mixed financial results for its fourth quarter on Thursday. GMS reported fourth-quarter fiscal 2024 net sales of $1.413 billion, an 8.4% year-over-year growth and 4% organic growth, beating the consensus of $1.403 billion. The specialty building products distributor's adjusted EPS of $1.93 missed the consensus of $2.04, according to data from Benzinga Pro. Gross profit rose 6.3% Y/Y to $451.198 million, and the margin contracted 60 basis points to 31.9%. Operating margin declined by 165 bps to 7.1% for the quarter, with an operating income of $100.08 million (-12.1% Y/Y). "Solid levels of ...