GMS Inc. (GMS) announced a profit for first quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line came in at $57.248 million, or $1.42 per share. This compares with $86.830 million, or $2.09 per share, in last year's first quarter.
Excluding items, GMS Inc. reported adjusted earnings of $77.6 million or $1.93 per share for the period.
Analysts on average had expected the company to earn $2.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 2.8% to $1.448 billion from $1.409 billion last year.
GMS Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $57.248 Mln. vs. $86.830 Mln. last year.-EPS (Q1): $1.42 vs. $2.09 last year.-Revenue (Q1): $1.448 Bln vs. $1.409 Bln last year.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.