GMS Inc 2024年度报告

FORM10-K ☒Annual Report Pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year EndedApril 30, 2025 GMSINC.(Exact name of registrant as specified in its charter)______________________________________________________________ (State or other jurisdiction of incorporation or organization) (800)392-4619(Registrant’s telephone number, including area code)SECURITIES REGISTERED PURSUANT TO SECTION12(b) OF THE ACT: Name of each exchange on which registered SECURITIES REGISTERED PURSUANT TO SECTION12(g) OF THE ACT:None______________________________________________________________ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act.Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subjectto such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and“emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firmthat prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statementsof the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuantto §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒ The aggregate market value of the common stock of the Registrant held by non-affiliates of the Registrant on October31, 2024, the lastbusiness day of the Registrant’s most recently completed second fiscal quarter, was $3,471.3million (based on the closing sale price of theRegistrant’s common stock on that date as reported on the New York Stock Exchange). There were38,059,080shares of the registrant’s common stock, par value $0.01 per share, outstanding as of May31, 2025. Portions of the Registrant’s Definitive Proxy Statement for its2025Annual Meeting of Stockholders are incorporated by reference into Part III ofthis Annual Report on Form 10-K. FORM 10-KTABLE OF CONTENTS PART I Item1BusinessItem1ARisk FactorsItem1BUnresolved Staff CommentsItem 1CCybersecurityItem2PropertiesItem3Legal ProceedingsItem4Mine Safety Disclosures PART II Item5Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecuritiesItem6ReservedItem7Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem7AQuantitative and Qualitative Disclosures About Market RiskItem8Financial Statements and Supplementary DataItem9Changes in and Disagreements With Accountants on Accounting and Financial DisclosureItem9AControls and ProceduresItem9BOther InformationItem 9CDisclosure Regarding Foreign Jurisdictions that Prevent InspectionsPART III Item10Directors, Executive Officers and Corporate GovernanceItem11Executive CompensationItem12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder MattersItem13Certain Relationships and Related Party Transactions and Director IndependenceItem14Principal Accountant Fees and ServicesPART IV BASIS OF PRESENTATION Our fiscal year ends on April30 of each year. References in this Annual Report on Form10-K to a fiscal year mean the yearin which that fiscal year ends. CAUTIONARY NOT