Gms reports q4 loss per share $0.98

Gms reports fourth quarter and fiscal year 2020 results.q4 adjusted earnings per share $0.56.q4 loss per share $0.98.q4 sales $770.9 million versus refinitiv ibes estimate of $723.5 million.q4 earnings per share estimate $0.52 -- refinitiv ibes data.gms - recorded non-cash goodwill impairment charge of $63.1 million related to co's canada reporting unit in quarter.deferring or limiting non-essential operating or other discretionary expenses.implementing a wage and hiring freeze and certain permanent headcount reductions.immediately furloughing employees (with a majority having returned to work following easing of shutdown restrictions).utilizing appropriate benefits of cares act.suspending company matching contributions to 401(k) plan.closure of certain underperforming branches and distribution centers.delaying or reducing capital expenditures that are not anticipated to impact near-term business.temporarily suspending acquisition-related activity.optimizing all areas of working capital.proactively drawing $87.2 million under revolving credit facilities in march 2020.as of april 30, 2020, co had cash on hand of $210.9 million and availability under its revolving credit facilities of $368.3 million.to date in q1 of fiscal 2021, we have experienced sequential improvement in net sales levels compared to latter half of q4.
GMS Ratings Summary
GMS Quant Ranking