GMS Tops Q4 Earnings, Expects Multi-Family And Commercial Projects Demand To Persist
Portfolio Pulse from Lekha Gupta
GMS Inc reported Q4 FY23 sales growth of 1.2% Y/Y to $1.304 billion, beating the consensus of $1.27 billion. Gross profit rose 2.8% Y/Y to $424.5 million, and adjusted EPS of $2.11 beat the analyst consensus of $1.89. The company expects demand for multi-family and commercial projects to persist.
June 22, 2023 | 1:41 pm
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GMS Inc reported better-than-expected Q4 FY23 sales and earnings, with a positive outlook for multi-family and commercial projects demand.
GMS Inc reported strong Q4 FY23 results, beating both sales and earnings estimates. The company's positive outlook for multi-family and commercial projects demand is likely to boost investor confidence and have a positive short-term impact on the stock price.
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