GMS Inc. Reports Q1 Fiscal 2026 Earnings: Net Sales Down 2.4%, Adjusted EBITDA at $135.49 Million.

GMS Inc. reported Q1 fiscal 2026 earnings with net sales of $1.41 billion, slightly down from $1.45 billion last year. Adjusted EBITDA was $135.49 million, with a margin of 9.6%. The company saw growth in its ceilings product group, but declines in other segments. Net income decreased to $43.56 million, and cash and cash equivalents decreased to $39.93 million. GMS Inc. remains committed to strategic growth initiatives and maintaining strong customer relationships.

GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, recently reported its financial results for the fiscal first quarter ended July 31, 2025. The company reported net sales of $1,414.3 million, a slight decrease of 2.4% compared to the same period last year. Adjusted EBITDA was $135.49 million, representing a 9.6% margin, slightly lower than the 10.1% margin reported in the prior year [1].

Key highlights of the quarter include:

- Net Sales: Net sales decreased by $1,414.3 million to $1,414.3 million, compared to $1,448.456 million in the same period last year. The decline was primarily driven by a 6.8% decrease in the Wallboard segment, while the Ceilings segment saw a 6.6% increase [1].
- Adjusted EBITDA: Adjusted EBITDA was $135.49 million, down from $145.881 million in the prior year. The margin decreased to 9.6% from 10.1% [1].
- Net Income: Net income decreased to $43.56 million from $57.248 million in the same period last year. This was largely due to a decrease in the Wallboard and Complementary Products segments [1].
- Cash and Cash Equivalents: Cash and cash equivalents decreased to $39.931 million from $55.599 million. The decrease was primarily due to cash used in operating activities and investing activities [1].

GMS Inc. remains committed to strategic growth initiatives and maintaining strong customer relationships. The company's focus on strategic growth and operational efficiency is expected to support future performance.

References:
[1] GMS Inc. (2025). GMS Reports First-Quarter Fiscal 2026 Results. Retrieved from https://investor.gms.com/news/news-details/2025/GMS-Reports-First-Quarter-Fiscal-2026-Results/default.aspx