GMS Inc. (NYSE:GMS) Q3 2023 Earnings Conference Call March 2, 2023 8:30 AM ET Company Participants Carey Phelps - VP of IR John Turner - President and CEO Scott Deakin - VP and CFO Conference Call Participants Trey Grooms - Stephens Inc. Keith Hughes - Truist Securities Steven Ramsey - Thompson Research Group Jeffrey Stevenson - Loop Capital Markets Ryan Frank - RBC Capital Markets Elizabeth Langan - Barclays Quinn Fredrickson - Baird Operator Greetings, and welcome to the GMS Third Quarter 2023 Earnings Ca ...

GMS Inc. (NYSE:GMS) Q2 2023 Earnings Conference Call December 8, 2022 8:30 AM ET Company Participants Carey Phelps - Vice President of Investor Relations John Turner - President and Chief Executive Officer Scott Deakin - Vice President and Chief Financial Officer Conference Call Participants David Manthey - Robert W. Baird Trey Grooms - Stephens Inc. Michael Dahl - RBC Capital Markets Jeffrey Stevenson - Loop Capital Markets Steven Ramsey - Thomson Research Group Elizabeth Langan - Barclays Operator Greetin ...

Financial Performance - Net sales reached $1.4 billion, a 24.4% increase compared to Q2 FY22[3, 4] - Organic sales grew by 22.2%, driven by product inflation and volume growth in Wallboard, Ceilings, and Complementary Products[3, 7] - Gross profit increased by 24.9%[3, 10] reaching $464.5 million[4] - Net income increased by 38.7%[4] to $103.2 million[4] - Adjusted EBITDA increased by 30.7%, or $46.0 million, year-over-year[4] to $195.5 million[5] - Adjusted EBITDA margin improved by 70 basis points[4] to 13.7%[13] Volume and Pricing - Wallboard volumes increased by low double-digits year-over-year[3], with organic volume growth of 11.4%[5] - Ceilings experienced organic volume growth of 2.9% year-over-year[5] - Wallboard organic growth was 41.4%, Ceilings organic growth was 13.6%, and Steel Framing organic growth was 2.5%[5] - Total Wallboard growth was +39.2% which includes +9.2% volume and +30.0% price/mix[6] Strategic Growth and Capital Structure - Net debt leverage decreased to 1.6 times as of October 31, 2022, down from 2.4 times a year ago[5, 18] - The company generated $96.5 million in Free Cash Flow, compared to a use of $11.3 million in Q2 FY22[14] - Cash from Operating Activities was $107.3 million, compared to a use of $2.0 million in Q2 FY22[14]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________. COMMISSION FILE NUMBER: 001-37784 ______________________________________________________________ GMS INC. (Exact name of registrant as ...

Financial Data and Key Metrics Changes - The company reported a 30.5% increase in net sales year-over-year, reaching $1.4 billion for the quarter, with organic sales rising 24.1% [16][9] - Net income improved by 46.2%, while adjusted EBITDA grew by 36.6%, resulting in an adjusted EBITDA margin of 12.9%, up 60 basis points compared to the previous year [10][26] - Gross profit increased by 29.4% to $434.7 million, with a gross margin percentage of 32%, consistent with both the prior year and prior quarter [24][10] Business Line Data and Key Metrics Changes - Wallboard sales increased by 33.7% to $521.6 million, driven by a 24.8% increase in price and mix and an 8.8% increase in volume [16][17] - Ceiling tile and grid sales rose by 21.2% to $167.3 million, with an 18.1% benefit from price and mix and a 3.1% increase in volume [20] - Steel framing sales increased by 40.1% to $274.9 million, primarily due to a 47.3% benefit from price and mix, despite a 7.2% decline in volumes [21] Market Data and Key Metrics Changes - Both residential and commercial sales in the U.S. were up more than 27% organically year-over-year [16] - Multi-family volume gains of nearly 30% outpaced mid-single digit single-family volume growth [18] - The average realized wallboard price was $438 per 1,000 square feet, up more than 5% sequentially and almost 23% compared to the previous year [19] Company Strategy and Development Direction - The company is focused on four primary strategic priorities: expanding share in core products, growing complementary products, expanding through acquisitions, and driving improved productivity and profitability [11][12][13][14] - The company has acquired Construction Supply of Southwest Florida and opened new locations to enhance its service territory and product offerings [13] - The company plans to complete the upgrade of its ERP system by the end of the calendar year to improve inventory management and operational efficiency [14] Management's Comments on Operating Environment and Future Outlook - Management noted a significant contrast between current solid activity levels and potential slowdowns in the single-family market due to declining housing starts [34] - The company expects total net sales growth of roughly 20% for the fiscal second quarter, with gross margin percentage remaining consistent with Q1 [38] - Management remains confident in the company's position, citing a balanced split between commercial and residential revenues and a broadened geographic footprint [36] Other Important Information - The company had cash on hand of $106.6 million and $270.2 million of available liquidity under revolving credit facilities at quarter-end [28] - The effective tax rate increased to 26.4% from 24.6% in the previous year due to anticipated Canadian tax law changes [27] - The company repurchased approximately 516,000 shares for $23.8 million during the quarter, compared to 85,000 shares for $3.9 million in the prior year [31] Q&A Session Summary Question: What part of commercial is the strongest right now? - Management indicated that education, hospitality, and healthcare segments are improving, while large office high-rise projects are not accelerating [43] Question: How should we think about wallboard organic volume growth moving forward? - Management suggested that mid-single digit growth is appropriate for wallboard volume due to current industry conditions [52] Question: Can you discuss the current bidding environment? - Management noted that bidding levels remain moderately strong, with ongoing high levels of under-construction activity in residential markets [53] Question: How does the company view inventory replenishment given the current market dynamics? - Management expressed confidence in wallboard sales, which operate on a just-in-time basis, while being cautious with steel inventory purchases [57] Question: What are the drivers of higher free cash flow conversion this year? - Management attributed improved cash flow to reduced inventory buildup and lower cash consumption compared to the previous year [60] Question: Can you discuss the company's capital allocation strategy? - Management emphasized a disciplined approach to capital allocation, focusing on organic growth, M&A opportunities, and share repurchases [76]

Q1 2023 Earnings Call September 1, 2022 Safe Harbor and Basis of Presentation Forward-Looking Statement Safe Harbor — This presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You can generally identify forward-looking statements by the Company's use of forward-looking terminology such as "anticipate," "believe," "confident," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "seek," o ...

Jefferies Industrials Conference August 9, 2022 Safe Harbor and Basis of Presentation Forward-Looking Statement Safe Harbor — This presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You can generally identify forward-looking statements by the Company's use of forward-looking terminology such as "anticipate," "believe," "confident," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," " ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Address of principal executive offices) (Zip code) FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended April 30, 2022 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-37784 ______________________________________________________________ GMS INC. (Exact name of registrant as spe ...

GMS Inc. (NYSE:GMS) Q4 2022 Earnings Conference Call June 23, 2022 8:30 AM ET Company Participants Carey Phelps - VP, IR John Turner - President & CEO Scott Deakin - VP & CFO Conference Call Participants Noah Merkousko - Stephens Matthew Bouley - Barclays Chris Kalata - RBC Capital David Manthey - Baird Steven Ramsey - Thompson Research Jeff Stevenson - Loop Capital Operator Greetings. Welcome to the GMS Fourth Quarter and Full Year Fiscal 2022 Earnings Conference Call. At this time, all participants will b ...

Q4 2022 Earnings Call June 23, 2022 Safe Harbor and Basis of Presentation Forward-Looking Statement Safe Harbor — This presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You can generally identify forward-looking statements by the Company's use of forward-looking terminology such as "anticipate," "believe," "confident," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "seek," or "s ...