GMS Inc. (GMS) announced a profit for second quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line came in at $53.536 million, or $1.35 per share. This compares with $80.957 million, or $1.97 per share, in last year's second quarter.
Excluding items, GMS Inc. reported adjusted earnings of $80.061 million or $2.02 per share for the period.
Analysts on average had expected the company to earn $2.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 3.5% to $1.470 billion from $1.420 billion last year.
GMS Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $53.536 Mln. vs. $80.957 Mln. last year.-EPS (Q2): $1.35 vs. $1.97 last year.-Revenue (Q2): $1.470 Bln vs. $1.420 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.