GMS INC Reports 3.7% Increase in Revenue for First Quarter of FY2024
September 3, 2023
☀️Earnings Overview
GMS INC ($NYSE:GMS) reported their financial results for the first quarter of FY2024, as of July 31 2023, with total revenue of USD 1409.6 million, representing a 3.7% growth from the same period in the prior year. However, net income decreased by 3.0% year over year to USD 86.8 million.
Analysis
GoodWhale has conducted an analysis of GMS INC‘s wellbeing and determined it to be a medium risk investment. This assessment took into consideration the company’s financial and business aspects, as well as non-financial aspects found in the balance sheet. Risk Rating identified two risk warnings in the balance sheet, which GoodWhale encourages potential investors to explore. To gain access to this information, make sure to register with GoodWhale. This will give you a more comprehensive overview of the company’s wellbeing and help you make a more informed decision. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gms Inc. More…
| Total Revenues | Net Income | Net Margin |
| 5.38k | 330.35 | 6.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gms Inc. More…
| Operations | Investing | Financing |
| 452.79 | -149.72 | -326.92 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gms Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.3k | 1.95k | 33.36 |
Key Ratios Snapshot
Some of the financial key ratios for Gms Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.9% | 45.5% | 9.5% |
| FCF Margin | ROE | ROA |
| 7.4% | 24.2% | 9.7% |
Peers
GMS Inc is one of the leading players in the building materials sector, competing alongside Masonite International Corp, Latham Group Inc, and Beacon Roofing Supply Inc. All four companies offer a range of building materials solutions to a variety of customers and markets, offering solutions for residential and commercial projects alike. With competitive pricing, quality products, and customer service, GMS Inc and its competitors are dedicated to helping their customers build the structures of their dreams.
– Masonite International Corp ($NYSE:DOOR)
Masonite International Corp is an international manufacturer of residential and commercial door products. The company has a market cap of 1.79 billion as of 2022, which indicates the value that investors assign to the company. Masonite International also has an impressive Return on Equity of 24.83%, indicating the company is able to generate strong profits from its shareholders’ investments. This is a testament to the company’s success in its operations.
– Latham Group Inc ($NASDAQ:SWIM)
Latham Group Inc is a leading provider of engineering services and products, including HVAC and mechanical systems, process piping, and electrical and instrumentation systems. The company has a market capitalization of 365.42M as of 2022, which reflects its strong financial performance and the confidence of investors in its future growth prospects. Additionally, the company has a strong Return on Equity of 6.16%, indicating that it is generating profits that are significantly higher than the amount of money invested by shareholders. This is a sign of efficient management and good operational practices.
– Beacon Roofing Supply Inc ($NASDAQ:BECN)
Beacon Roofing Supply Inc is a leading distributor in the North American roofing industry, providing roofing products, services, and resources to contractors, builders, and homeowners. The company has a market cap of 3.48 billion as of 2022, which indicates its strong position in the roofing industry. Its Return on Equity (ROE) of 11.71% is also impressive, indicating that the company is generating good returns on its invested capital.
Summary
Investors have been cautious in their response to GMS INC‘s first quarter earnings report for FY2024, given the company’s year-over-year decrease in net income. Total revenue increased by 3.7%, reaching USD 1409.6 million, which was offset by a 3.0% drop in net income to USD 86.8 million. The stock price experienced a negative reaction on the same day, likely due to the profitability decline. In the short term, investors should monitor the company’s ability to drive top-line growth and watch for any additional signs of a possible recovery in its profitability.
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