GMS Second Quarter 2023 Earnings: Beats Expectations

GMS (NYSE:GMS) Second Quarter 2023 Results

Key Financial Results

  • Revenue: US$1.43b (up 24% from 2Q 2022).

  • Net income: US$103.2m (up 39% from 2Q 2022).

  • Profit margin: 7.2% (up from 6.5% in 2Q 2022). The increase in margin was driven by higher revenue.

  • EPS: US$2,443 (up from US$1.72 in 2Q 2022).


All figures shown in the chart above are for the trailing 12 month (TTM) period

GMS Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 15%.

Looking ahead, revenue is expected to decline by 3.7% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in the US are expected to grow by 4.4%.

Performance of the American Trade Distributors industry.

The company's shares are up 9.7% from a week ago.

Risk Analysis

Be aware that GMS is showing 3 warning signs in our investment analysis and 1 of those is a bit concerning...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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