GMS falls on lower Q1 profit

GMS

31/08/2023 19:06

** Shares of building products distributor GMS Inc  GMS.N 
down 5.8% at $69.71
    ** Company reports Q1 net income of $86.8 mln, down 3% from
the year earlier
    ** Q1 net sales and adj. EPS, however, beat Refinitiv
estimates
    ** GMS shares up ~40% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))