.September 2, 2024
12:04:51 AM

GMS Inc. reported an EPS of $1.93, missing the estimated $2.11, and revenue of approximately $1.45 billion, below the expected $1.48 billion. The company’s price-to-earnings (P/E) ratio stands at approximately 13.92, indicating moderate investor confidence. Challenges such as increased costs and steel price deflation have led to a miss in earnings and sales estimates, alongside a year-over-year decline in margins. The company’s financial metrics, including a debt-to-equity ratio of 0.88 and a current ratio of 2.31, provide insights into its financial stability and operational efficiency amidst these challenges.