Loading...
Docoh

GMS (GMS)

Celebrating the 50th anniversary of its founding in 1971, GMS operates a network of more than 265 distribution centers across the United States and Canada. GMS's extensive product offering of wallboard, suspended ceilings systems, or ceilings, and complementary construction products is designed to provide a comprehensive one-stop-shop for its core customer, the interior contractor who installs these products in commercial and residential buildings.

Company profile

Ticker
GMS
Exchange
Website
CEO
John Turner
Employees
Incorporated
Location
Fiscal year end
Former names
GYP Holdings I Corp.
SEC CIK
Subsidiaries
Ames Tools Corporation • All-Wall Equipment Company Inc • Axia Canada Corporation • Canada Gypsum Management and Supply, Inc. • Capitol Building Supply, Inc. • Capitol Materials Coastal, Inc. • Capitol Materials, Incorporated • Carter Hardware Company • Chaparral Materials, Inc. • Cherokee Building Materials, Inc. ...

GMS stock data

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

1 Sep 22
1 Oct 22
30 Apr 23
Quarter (USD) Jul 22 Apr 22 Jan 22 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Apr 22 Apr 21 Apr 20 Apr 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 106.61M 106.61M 106.61M 106.61M 106.61M 106.61M
Cash burn (monthly) (no burn) (no burn) (no burn) (no burn) 1.47M (no burn)
Cash used (since last report) n/a n/a n/a n/a 2.97M n/a
Cash remaining n/a n/a n/a n/a 103.64M n/a
Runway (months of cash) n/a n/a n/a n/a 70.6 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
27 Sep 22 Craig D Apolinsky Common Stock Sell Dispose S No No 39.07 6,324 247.08K 9,870
14 Sep 22 William Forrest Bell Common Stock Payment of exercise Dispose F No No 42.42 171 7.25K 1,077
14 Sep 22 William Forrest Bell Common Stock Option exercise Acquire M No No 0 567 0 1,248
14 Sep 22 William Forrest Bell RSU Common Stock Option exercise Dispose M No No 0 567 0 567
6 Sep 22 Browning Peter C Common Stock Sell Dispose S No No 46.03 7,618 350.66K 15,513
6 Sep 22 Leigh R Dobbs Stock Option Common Stock Grant Acquire A No No 45.67 4,984 227.62K 4,984
6 Sep 22 Leigh R Dobbs RSU Common Stock Grant Acquire A No No 0 2,490 0 2,490
69.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 207 212 -2.4%
Opened positions 26 27 -3.7%
Closed positions 31 31
Increased positions 65 71 -8.5%
Reduced positions 82 78 +5.1%
13F shares Current Prev Q Change
Total value 2.36B 2.64B -10.8%
Total shares 42.1M 42.44M -0.8%
Total puts 77.9K 49.7K +56.7%
Total calls 33.9K 89.1K -62.0%
Total put/call ratio 2.3 0.6 +312.0%
Largest owners Shares Value Change
BLK Blackrock 6.75M $300.19M -3.7%
Coliseum Capital Management 6.13M $272.86M +10.7%
Vanguard 5.09M $226.42M +0.4%
Dimensional Fund Advisors 2.34M $103.96M +1.8%
FMR 2.25M $100.05M -29.1%
American Century Companies 1.63M $72.46M +6.4%
STT State Street 1.45M $64.46M +1.8%
FHI Federated Hermes 1.37M $60.8M -20.9%
PZN Pzena Investment Management 1.08M $47.99M NEW
Littlejohn & Co 811.72K $36.12M +0.3%
Largest transactions Shares Bought/sold Change
PZN Pzena Investment Management 1.08M +1.08M NEW
FMR 2.25M -923.15K -29.1%
Coliseum Capital Management 6.13M +594K +10.7%
Massachusetts Financial Services 91.35K -477.36K -83.9%
FHI Federated Hermes 1.37M -361.93K -20.9%
Millennium Management 436.44K +347.78K +392.3%
BLK Blackrock 6.75M -261.73K -3.7%
JPM JPMorgan Chase & Co. 614.24K -246.68K -28.7%
Jacobs Levy Equity Management 227.93K +227.93K NEW
Assenagon Asset Management 59.04K -222.21K -79.0%

Financial report summary

?
Risks
  • The ongoing effect of the COVID-19 pandemic and other widespread public health crises may adversely affect our business and results of operations.
  • We are subject to significant fluctuations in prices and mix of the products we distribute, including as a result of inflationary and deflationary pressures, and we may not be able to pass on price increases to our customers and effectively manage inventories and margins.
  • We may be unsuccessful in making and integrating acquisitions and opening new branches.
  • Product shortages, loss of key suppliers or failure to develop relationships with qualified suppliers, and our dependence on third-party suppliers and manufacturers could affect our financial health.
  • Increases in operating costs or failure to achieve operating efficiencies could adversely affect our results of operations and cash flows.
  • We may be unable to effectively manage our inventory and working capital as our sales volume changes or the prices of the products we distribute fluctuate, which could have a material adverse effect on our business, financial condition and results of operations.
  • Natural or man-made disruptions to our facilities may adversely affect our business and operations.
  • We may be unable to continue to anticipate and address evolving consumer demands.
  • Federal, state, provincial, local and other regulations could impose substantial costs and restrictions on our operations that would reduce our net income.
  • The agreements that govern our indebtedness contain various financial covenants that could limit our ability to engage in activities that may be in our best long-term interests.
  • Despite our current level of indebtedness, we may still be able to incur substantially more debt.
  • An increase in interest rates would increase the cost of servicing our debt and could reduce our profitability.
  • We may have future capital needs that require us to incur additional debt and may be unable to obtain additional financing on acceptable terms, if at all.
  • Failure to attract and retain key employees while controlling costs could have a significant adverse effect on our business.
  • A disruption of our IT systems could adversely impact our business and operations.
  • The market price of our common stock may be highly volatile.
Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • Founded in 1971, GMS Inc. (“we,” “our,” “us,” or the “Company”), through its wholly owned operating subsidiaries, operates a network of approximately 300 distribution centers with extensive product offerings of wallboard, ceilings, steel framing and complementary construction products. GMS also operates approximately 100 tool sales, rental and service centers. Through these operations, GMS provides a comprehensive selection of building products and solutions for its residential and commercial contractor customer base across the United States and Canada. The Company’s unique operating model combines the benefits of a national platform and strategy with a local go-to-market focus, enabling GMS to generate significant economies of scale while maintaining high levels of customer service.
  • There has been strong underlying demand for residential products since mid-calendar year 2020. We believe this strength in residential demand has been driven by a combination of factors including favorable demographics, historically low interest rates, low levels of supply of new and existing homes for sale, a strong job market, and changes in workplace habits and preferences resulting from COVID-19. While the recent uptick in affordability concerns, including higher mortgage rates along with broader macroeconomic and geopolitical concerns, creates some level of uncertainty in the medium term, we expect the current favorable demand environment for our products to continue through at least the remainder of calendar year 2022. Additionally, we expect the solid underlying demand fundamentals, including favorable demographics and low levels of supply of new homes, to provide support in the longer term.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: Additionally, approved, broader, Code, consummating, contributory, CSSWF, economy, focused, fulfill, geopolitical, landscape, longer, medium, prospectively, proven, public, recession, repay, replaced, southwest, stronger, uncertainty, urban, waterproofing, widespread, Wildwood
Removed: adjustment, Anaheim, assessment, attainable, attributable, August, borrowed, branch, California, care, Carolina, challenging, charge, Chatsworth, Coating, Colorado, combined, conform, conserving, covenant, Delaware, Denver, depreciated, Diego, established, event, exacerbate, existed, finalization, finalized, Finally, Fresno, geographical, granted, Hesperia, Hickory, holdback, independent, interior, Jackson, Lancaster, largest, Las, life, Maria, Mississippi, Nebraska, Nevada, North, Oakland, Omaha, Ontario, percent, preliminary, presence, proactively, purpose, pursuing, repaid, reserve, residual, San, Santa, Scarborough, seasonality, similar, streamlining, subsidiary, supplier, system, transaction, Wilmington, WSB