These Analysts Cut Their Forecasts On GMS Following Q4 Results
These Analysts Cut Their Forecasts On GMS Following Q4 Results
GMS Inc (NYSE:GMS) reported mixed financial results for its fourth quarter on Thursday.
GMS公司（紐交所：gms inc）週四公佈了其第四季度的混合財務業績。
GMS reported fourth-quarter fiscal 2024 net sales of $1.413 billion, an 8.4% year-over-year growth and 4% organic growth, beating the consensus of $1.403 billion. The specialty building products distributor's adjusted EPS of $1.93 missed the consensus of $2.04, according to data from Benzinga Pro.
GMS在2024財年第四季度報告淨銷售額14.13億美元，同比增長8.4％，有機增長4.0％，超出了14.03億美元的共識。據Benzinga Pro的數據，這家專營建築材料的分銷商的調整後每股收益爲1.93美元，低於2.04美元的共識。
Gross profit rose 6.3% Y/Y to $451.198 million, and the margin contracted 60 basis points to 31.9%. Operating margin declined by 165 bps to 7.1% for the quarter, with an operating income of $100.08 million (-12.1% Y/Y).
毛利潤增長6.3％年同比至4.51198億美元，利潤率收縮60個點子至31.9％。本季度運營利潤爲1.0008億美元（同比下降12.1％），運營利潤率下降165個點子至7.1％。
"Solid levels of multi-family construction remained in backlog and commercial project activity continued through the end of our fiscal year. Plus, single-family year-over-year Wallboard volume growth for the fourth quarter turned positive for the first time since the fall of 2022. We believe this indicates the start of a mild recovery in an end market that, with considerable pent-up demand, remains poised for a more robust recovery with the expected eventual relief in mortgage rates," commented John C. Turner, Jr, President and Chief Executive Officer of GMS.
“穩健的多戶住宅建築項目仍保持在積壓訂單中，商業項目活動一直持續到我們的財政年度結束。此外，自2022年秋季以來，單戶住宅用牆板的年度同比銷售量增長首次轉爲正數。我們認爲這表明這個終端市場開始出現輕微復甦的跡象，未來隨着預期的抵押利率最終減輕，市場需求將得到更加穩健的復甦，”GMS的總裁兼首席執行官John C. Turner Jr.評論說。
GMS shares dipped 6.1% to close at $84.40 on Thursday.
週四，GMS股價下跌6.1％，收於84.40美元。
These analysts made changes to their price targets on GMS after the company reported quarterly results.
這些分析師在公司公佈季度業績後對GMS的價格目標進行了調整。
- Baird cut the price target on GMS from $112 to $100. Baird analyst David Manthey maintained an Outperform rating.
- Truist Securities lowered GMS price target from $105 to $95. Truist Securities analyst Keith Hughes maintained a Hold rating.
- Baird將GMS的價格目標從112美元下調至100美元。Baird的分析師David Manthey維持了“Outperform”評級。
- Truist Securities將GMS的價格目標從105美元下調至95美元。Truist Securities的分析師Keith Hughes維持了“Hold”評級。
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譯文內容由第三人軟體翻譯。