Company Quick10K Filing
GMS
10-Q 2020-01-31 Filed 2020-03-05
10-Q 2019-10-31 Filed 2019-12-05
10-Q 2019-07-31 Filed 2019-08-29
10-K 2019-04-30 Filed 2019-06-27
10-Q 2019-01-31 Filed 2019-03-05
10-Q 2018-10-31 Filed 2018-12-04
10-Q 2018-07-31 Filed 2018-08-30
10-K 2018-04-30 Filed 2018-06-28
10-Q 2018-01-31 Filed 2018-03-06
10-Q 2017-10-31 Filed 2017-12-07
10-Q 2017-07-31 Filed 2017-09-06
10-K 2017-04-30 Filed 2017-06-30
10-Q 2017-01-31 Filed 2017-03-09
10-Q 2016-10-31 Filed 2016-12-13
10-Q 2016-07-31 Filed 2016-09-13
10-K 2016-04-30 Filed 2016-07-12
8-K 2020-03-05 Earnings, Regulation FD, Exhibits
8-K 2020-01-27 Officers
8-K 2019-12-05 Earnings, Regulation FD, Exhibits
8-K 2019-10-30 Officers, Shareholder Vote
8-K 2019-10-03 Officers, Exhibits
8-K 2019-09-30 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-09-27 Officers, Exhibits
8-K 2019-09-04 Other Events, Exhibits
8-K 2019-08-29 Earnings, Regulation FD, Exhibits
8-K 2019-08-02 Officers
8-K 2019-07-23 Officers, Exhibits
8-K 2019-06-27 Earnings, Regulation FD, Exhibits
8-K 2019-04-23 Officers, Exhibits
8-K 2019-03-29 Officers, Regulation FD, Exhibits
8-K 2019-03-05 Earnings, Regulation FD, Exhibits
8-K 2019-01-09 Officers
8-K 2018-12-04 Earnings, Regulation FD, Exhibits
8-K 2018-10-30 Shareholder Vote
8-K 2018-10-01 Officers
8-K 2018-09-06 Regulation FD, Exhibits
8-K 2018-08-30 Earnings, Regulation FD, Exhibits
8-K 2018-08-08 Regulation FD, Exhibits
8-K 2018-07-24 Officers
8-K 2018-06-28 Earnings, Regulation FD, Exhibits
8-K 2018-06-06 Officers
8-K 2018-06-01 Enter Agreement, M&A, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-04-04 Enter Agreement, Regulation FD, Exhibits
8-K 2018-03-06 Earnings, Regulation FD, Exhibits

GMS Financials

GMS Metrics, Comps, Filings

Quarterly | Annual

Business

GMS Inc. (“we,” “our,” “us,” or the “Company”) is a distributor of specialty building products including wallboard, suspended ceilings systems, or ceilings, steel framing and other complementary building products. We purchase products from a large number of manufacturers and then distribute these goods to a customer base consisting of wallboard and ceilings contractors and homebuilders and, to a lesser extent, general contractors and individuals. We operate a network of more than 250 distribution centers across the United States and Canada.

Since our founding in 1971, we have grown our business through a combination of strategic acquisitions, opening new branch locations (“greenfields”) and organic growth. On June 1, 2016, we completed our initial public offering (“IPO”) of our common stock. On February 28, 2017, June 7, 2017 and December 14, 2017, certain of our stockholders completed secondary public offerings of our common stock. Following the secondary offering of our common stock on June 7, 2017, the control group consisting of certain affiliates of AEA Investors LP (“AEA”) and certain other of our stockholders no longer controls a majority of the voting power of our outstanding common stock. Accordingly, we are no longer a “controlled company” within the meaning of the New York Stock Exchange (“NYSE”) corporate governance standards.

On June 1, 2018, we acquired all of the outstanding equity interests of WSB Titan (“Titan”), a distributer of wallboard, lumber, insulation and other complementary commercial and residential building materials. Titan is Canada’s largest gypsum specialty distributer with 30 locations across five provinces in Canada. The stated purchase price was $627.0 million ($800.0 million Canadian dollars). As part of the consideration, certain members of existing Titan management converted $35.0 million of their ownership position in Titan into equity that is exchangeable for the Company’s stock. The transaction extended our leadership position in North America with additional scale and footprint, expanded our geographic coverage into the Canadian market and has created opportunities for product expansion in both the United States and Canada.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Home Depot (HD) 252,846 34% 16.2 21% 52,309 53,391 110,934 37,863 11,105 17,068 277,250
Lowe's (LOW) 85,770 32% 17.5 9% 39,764 37,306 56,121 17,961 3,771 5,806 101,611
Sherwin-Williams (SHW) 50,971 44% 23.9 7% 20,864 16,841 17,851 7,825 1,394 2,480 59,254
Fastenal (FAST) 18,374 47% 16.3 20% 3,814 1,228 5,288 2,505 781 1,142 18,628
Tractor Supply (TSCO) 10,985 35% 15.8 8% 5,429 3,937 6,160 2,130 418 699 11,053
Floor & Decor Holdings (FND) 5,385 41% 28.9 6% 2,157 1,434 1,996 814 133 188 5,447
Builders FirstSource (BLDR) 2,423 27% 10.5 7% 3,298 2,519 7,333 1,993 232 359 3,757
Beacon Roofing Supply (BECN) 2,289 24% 11.1 -0% 6,393 4,131 7,105 1,737 -11 441 4,875
BMC Stock Holdings (BMCH) 1,774 26% 9.0 6% 1,880 923 3,596 946 118 218 1,951
Boise Cascade (BCC) 1,263 0% 8.3 4% 1,786 1,054 4,607 0 66 168 1,397
GMS (GMS) 1,222 33% 7.6 3% 2,281 1,585 3,213 1,049 76 301 2,300
Career Education (CECO) 1,222 0% 14.3 9% 599 197 615 0 57 80 1,145
Summit Hotel Properties (INN) 1,219 0% 10.9 4% 2,149 952 548 0 79 183 1,992
Foundation Building Materials (FBM) 667 30% 9.3 2% 1,447 1,051 2,156 652 31 131 1,215
Lumber Liquidators (LL) 278 36% -5.5 -11% 573 430 1,088 388 -64 -50 272
Aspen Aerogels (ASPN) 151 16% -7.4 -28% 100 41 129 21 -28 -20 149
Huttig Building Products (HBP) 59 20% 24.1 -4% 333 282 828 164 -12 9 208
Jewett Cameron Trading (JCTCF) 36 31% 14.8 10% 22 2 34 10 2 2 33
SG Blocks (SGBX) 3 24% -0.9 -34% 8 2 3 1 -3 -3 3

Balance Sheet ($MM)2016-07-312016-10-312017-01-312017-04-302017-07-312017-10-312018-01-312018-04-302018-07-312018-10-312019-01-312019-04-302019-07-312019-10-31
Cash1016111520202936375374472436
Accounts Receivable295325310329341354319346474479410446473480
Inventory186192205200203210228239316301308291296293
PP&E154158155226157158158249273278280406288292
Assets1,2821,4151,3951,3931,4091,4311,4181,4552,2462,2362,1772,1502,2742,281
Accounts Payable9610710710311211999116146157130174165169
Long-Term Debt5476446126036036115976061,3211,2621,2501,1571,1761,114
Liabilities8099248958798798838508751,6271,5951,5431,5201,6121,585
Stockholders' Equity473490499515531548568579619641634629662696
Income Statement ($MM)2016-07-312016-10-312017-01-312017-04-302017-07-312017-10-312018-01-312018-04-302018-07-312018-10-312019-01-312019-04-302019-07-312019-10-31
Revenue550592563615642648586636778834724780847862
Cost of Revenue3713993774144374363900533566490523574577
Gross Profit179193186201205212195636245268234257274284
R&D
SG&A135150147153156160156162185185178191195200
Tax7151010107431013198
Net Income9178141518202069256172529
Cash Flow ($MM)2016-07-312016-10-312017-01-312017-04-302017-07-312017-10-312018-01-312018-04-302018-07-312018-10-312019-01-312019-04-302019-07-312019-10-31
Cash Operating-313136306243425-489388-1282
Cash Investing-25-114-6-12-7-18-10-15-579-8-8-16-8
Cash Financing4690-35-147-6-15-3627-69-1065-62