GMS Inc. (NYSE:GMS) Q4 2020 Earnings Conference Call - Final Transcript

Jun 25, 2020 • 08:30 am ET


GMS Inc. (NYSE:GMS) Q4 2020 Earnings Conference Call - Final Transcript


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Greetings, and welcome to GMS Fiscal Fourth Quarter and Full Year 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] I will now turn the conference over to Leslie Kratcoski, President - Vice President of Investor Relations. Thank you may begin.

Leslie H. Kratcoski

Thanks, Jerry. Good morning, and thank you for joining us for the GMS conference call for the fourth quarter of fiscal 2020. I'm joined today by John Turner, President and Chief Executive Officer; and Scott Deakin, Vice President and Chief Financial Officer. In addition to the press release issued this morning, we have posted presentation slides to accompanying this call in the Investors section of our website at

On today's call, management's prepared remarks and answers to your questions may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements address matters that are subject to risks and uncertainties, many of which are beyond our control and may cause actual results to differ from those discussed today. As a reminder, forward-looking statements represent management's current estimates and expectations. The company assumes no obligation to update any forward-looking statements in the future. Listeners are encouraged to review the more detailed discussions related to these forward-looking statements contained in the company's filings with the SEC, including the Risk Factors section in the company's 10-K and other periodic reports.

Today's presentation also includes a discussion of certain non-GAAP measures. The definitions and reconciliations of these non-GAAP measures are provided in the press release and presentation slides. Please note that references on this call to fourth quarter and full year fiscal 2020 relate to the quarter and fiscal year ended April 30, 2020. Finally, once we begin the question-and-answer session of the call in the interest of time, we kindly request that you limit yourself to one question and one follow-up.

With that, I'll now turn the call over to John Turner, J.T.?

John C. Turner, Jr.

Thank you, Leslie. Good morning, and thank you for joining us today. I'd like to begin by saying that we hope all of you joining the call, your families and colleagues are safe as well. My opening remarks will include a review of our operating highlights, including actions we have taken in response to the impacts of the current pandemic and then, I'll turn it over to Scott, who will cover our financial results and provide an update on sales trends. I'll then share some closing thoughts before taking your questions.

If you go ahead and turn to Slide 3, first off, the thoughts and prayers of the entire GMS family are with everyone who has been impacted by the COVID-19 pandemic. The health, safety and wellbeing of our employees, business partners and communities remains our top priority. In response to the crisis, we have taken actions to promote the safety of our stakeholders by enhancing operating protocols in compliance with public health requirements, recommendations and guidelines. These precautions