06:32 AM EDT, 08/29/2024 (MT Newswires) -- GMS (GMS) posted fiscal Q1 adjusted earnings Thursday of $1.93 per diluted share, down from $2.49 a year earlier.

Analysts polled by Capital IQ expected $2.14.

Net sales for the quarter ended July 31 were $1.45 billion, compared with $1.41 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.49 billion.

Shares of the company fell more than 6% in recent pre-bell activity.

Price: 85.00, Change: -6.15, Percent Change: -6.75