GMS(US:GMS)2025-06-18 12:52Financial Performance - FY2025 - Net sales reached $55 billion, a 06% increase per day, driven by acquisitions [5] - Gross margin was 312%, down 110 bps [5] - Net income was $1155 million, a decrease of 582% [5] - Adjusted EBITDA was $5009 million, down 186% [5] - Free cash flow was $3361 million, representing 67% of Adjusted EBITDA [5] Financial Performance - Q4 FY2025 - Net sales were $13 billion, down 41% per day [6] - Gross margin was 312%, down 70 bps [6] - Net income was $261 million, a decrease of 537% [6] - Adjusted EBITDA was $1098 million, down 251% [6] - Free cash flow was $1834 million, representing 167% of Adjusted EBITDA [6] Cost Reduction and Capital Structure - Implemented $55 million of annualized cost reductions during FY25, with full quarterly run rate expected in Q1 FY26 [5, 6] - Share repurchases amounted to 349K shares for $264 million during Q425 [22] - $1920 million repurchase authorization remaining as of April 30, 2025 [22] Q1 FY26 Expectations - Net sales are expected to be down low to mid single digits in total, and down mid to high single digits organically [24] - Gross margin is expected to be approximately 312% [24] - GAAP net income is projected to be between $51 million and $53 million [24] - Adjusted EBITDA is expected to range from $132 million to $137 million, with an Adjusted EBITDA margin of 95% to 98% [24]