Overview

* GMS fiscal Q1 net sales beat analyst expectations, reaching $1.41 bln, per LSEG data

* Pretax profit for fiscal Q1 missed analyst estimates, per LSEG data

* Adjusted EBITDA margin decreased to 9.6% from 10.1% last year

Result Drivers

* WALLBOARD DECLINE - Wallboard net sales fell 5.4%, with wallboard organic sales down 6.8%

* CEILINGS GROWTH - Ceilings net sales increased by 6.6%, with its organic sales up 6.1%

* STEEL FRAMING DROP - Steel framing net sales decreased by 6.3%, with its organic sales down 8.2%

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Sales Beat $1.41 $1.40

bln bln (8

Analysts

)

Q1 Net $43.56

Income mln

Q1 Miss $61.06 $92 mln

Pretax mln (3

Profit Analysts

)

Q1 $81.23

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the construction supplies & fixtures peer group is "buy."

* Wall Street's median 12-month price target for GMS Inc ( GMS ) is $110.00, about 0.1% above its August 27 closing price of $109.84

* The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)