Sign in

Private company

GMS Inc.

GMS Inc. is an American wholesale-lumber and construction materials company.2 It is headquartered in Tucker, United States.2

Last updated Oct 21, 2026.

Overview

$5.5BRevenue, fiscal 20253
$115.5MNet income, fiscal 20253
  • IndustryWholesale-Lumber & Other Construction Materials2
  • HeadquartersTucker, United States2
  • Incorporated inDE4
  • Business address100 Crescent Centre Parkway, Suite 800, Tucker, Ga 300844
  • Filer categoryLarge accelerated filer4
  • Legal formCorporation2
  • LEI52990057RENOQO4U0D722
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressc/o GLORIA M. SCHNEIDER, 10170 CRESENT HILL LANE, 30076 Roswell, United States2
  • Registered withGeorgia Secretary of State Corporations Division, K5053072

See how the biggest companies compare on our leaderboards

Our fiscal year ends on April 30 of each year. References in this Annual Report on Form 10-K to a fiscal year mean the year in which that fiscal year ends.6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

31.2%Gross margin3
4.7%Operating margin3
2.1%Net margin3
0.2%Revenue growth, 20253
8.1%Return on equity3
$336.1MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin23¢$1.3B
  • Other costs74¢$4.1B
  • Income tax1¢$58.8M
  • Profit2¢$115.5M

Out of $5.5B in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Capital spending12¢$47.5M
  • Share buybacks43¢$165.5M
  • Kept or used elsewhere44¢$170.6M

Out of $383.6M of cash from operations.3

Financial statements

Revenue78910113$5.5B in 2025+120% since 2018
0$2.0B$4.0B$6.0B2018: $2.5B$2.5B20182019: $3.1B$3.1B2019+24%2020: $3.2B$3.2B2020+4%2021: $3.3B$3.3B2021+2%2022: $4.6B$4.6B2022+41%2023: $5.3B$5.3B2023+15%2024: $5.5B$5.5B2024+3%2025: $5.5B$5.5B2025+0%
Gross profit78910113$1.7B in 2025+110% since 2018
0$500.0M$1.0B$1.5B$2.0B2018: $818.6M$818.6M20182019: $1.0B$1.0B2019+23%2020: $1.1B$1.1B2020+6%2021: $1.1B$1.1B2021−0%2022: $1.5B$1.5B2022+40%2023: $1.7B$1.7B2023+16%2024: $1.8B$1.8B2024+3%2025: $1.7B$1.7B2025−3%
Operating income78910113$257.6M in 2025+116% since 2018
0$200.0M$400.0M$600.0M2018: $119.2M$119.2M20182019: $147.2M$147.2M2019+24%2020: $99.5M$99.5M2020−32%2021: $190.9M$190.9M2021+92%2022: $418.9M$418.9M2022+119%2023: $505.2M$505.2M2023+21%2024: $442.8M$442.8M2024−12%2025: $257.6M$257.6M2025−42%
Net income78910113$115.5M in 2025+83% since 2018
0$100.0M$200.0M$300.0M$400.0M2018: $63.0M$63.0M20182019: $56.0M$56.0M2019−11%2020: $23.4M$23.4M2020−58%2021: $105.6M$105.6M2021+351%2022: $273.4M$273.4M2022+159%2023: $333.0M$333.0M2023+22%2024: $276.1M$276.1M2024−17%2025: $115.5M$115.5M2025−58%
Fiscal year20182019202020212022202320242025
Revenue$2.5B7$3.1B8$3.2B9$3.3B10$4.6B11$5.3B3$5.5B3$5.5B3
Gross profit$818.6M7$1.0B8$1.1B9$1.1B10$1.5B11$1.7B3$1.8B3$1.7B3
Selling, general and admin$633.9M7$739.5M8$784.1M9$763.6M10$950.1M11$1.1B3$1.2B3$1.3B3
Operating expenses$1.1B11$1.2B3$1.3B3$1.5B3
Operating income$119.2M7$147.2M8$99.5M9$190.9M10$418.9M11$505.2M3$442.8M3$257.6M3
Interest$31.4M7$73.7M8$67.7M9$53.8M10$58.1M11$65.8M11$75.5M11
Income before tax$364.8M11$447.5M3$374.2M3$174.3M3
Income tax$20.9M7$14.0M8$22.9M9$31.5M10$91.4M11$114.5M3$98.1M3$58.8M3
Net income$63.0M7$56.0M8$23.4M9$105.6M10$273.4M11$333.0M3$276.1M3$115.5M3
Earnings per share$1.547$1.338$0.569$2.4710$6.3511$7.953$6.863$2.973
Earnings per share (diluted)$1.497$1.318$0.559$2.4410$6.2311$7.823$6.753$2.923
Shares (weighted, basic)43.1M shares1141.9M shares340.2M shares338.9M shares3
Shares (weighted, diluted)43.9M shares1142.6M shares340.9M shares339.5M shares3

Compare GMS Inc. with another company

Corporate structure

GMS Inc. sits at the top of its group. 43 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of GMS Inc.

  • DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on GMS Inc., latest Oct 9, 2025 (5 filings since Feb 8, 2022)
  • FMR LLC Filed SCHEDULE 13G/A on GMS Inc., latest Sep 8, 2025 (6 filings since Feb 9, 2022)
  • BlackRock Filed SCHEDULE 13G/A on GMS Inc., latest Jul 18, 2025 (6 filings since Feb 7, 2022)
  • Coliseum Capital Management, LLC Filed SCHEDULE 13G/A on GMS Inc., latest May 15, 2025 (9 filings since Mar 24, 2022)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on GMS Inc., latest Apr 30, 2025 (4 filings since Feb 10, 2022)
  • GMS Inc. Tucker, Georgia, United States
    • 2704026 Ontario Ltd Subsidiary · Ontario, Canada
    • All-Wall Equipment Company Inc Subsidiary · Washington, United States
    • Ames Tools Canada Corporation Subsidiary · New Brunswick, Canada
    • Ames Tools Corporation Subsidiary · Delaware, United States
    • Canada Gypsum Management and Supply, Inc. Subsidiary · British Columbia, Canada
    • Capitol Building Supply, Inc. Subsidiary · Virginia, United States
    • Capitol Materials, Incorporated Subsidiary · Georgia, United States
    • Cherokee Building Materials, Inc. Subsidiary · Oklahoma, United States
    • Chicago Gypsum Supply, Inc. Subsidiary · Georgia, United States
    • Cowtown Materials, Inc. Subsidiary · Texas, United States
    • D.L. Building Materials Inc. Subsidiary · Canada
    • Empire Construction Supply, Inc. Subsidiary · Georgia, United States
    • GMS Canada Lumber Corp. Subsidiary · British Columbia, Canada
    • GMS Southeast, Inc. Subsidiary · Florida, United States
    • GMS Strategic Solutions, Inc. Subsidiary · Georgia, United States
    • GTS Drywall Supply Company Subsidiary · Washington, United States
    • GYP Canada Finance LP Subsidiary · Ontario, Canada
    • GYP Canada Holdings I ULC Subsidiary · British Columbia, Canada
    • GYP Canada Holdings III Corp. Subsidiary · British Columbia, Canada
    • GYP Holdings II Corp. Subsidiary · Delaware, United States
    • GYP HOLDINGS III CORP. Subsidiary · Tucker, Georgia, United States
    • GYP Holdings IV (Barbados) SRL Subsidiary · Barbados
    • GYP Holdings IV Corp. Subsidiary · Delaware, United States
    • GYP Holdings V Corp. Subsidiary · Delaware, United States
    • Gypsum Management and Supply, Inc. Subsidiary · Georgia, United States
    • and 17 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What GMS Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Finance-lease assets$250.3M3 Apr 30, 2025$211.5M3 Apr 30, 2024+18.3%
Operating-lease assets (leased space)$326.0M3 Apr 30, 2025$251.2M3 Apr 30, 2024+29.8%

Real estate and locations

ItemLatestA year beforeChange
Stores3203 Apr 30, 202530011 Apr 30, 2024+6.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$55.6M3 Apr 30, 2025$166.1M3 Apr 30, 2024−66.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$881.3M3 Apr 30, 2025$853.8M3 Apr 30, 2024+3.2%
Intangible assets, net (excluding goodwill)$536.7M3 Apr 30, 2025$502.7M3 Apr 30, 2024+6.8%
Indefinite-lived intangibles (excluding goodwill)$84.4M3 Apr 30, 2025$84.4M3 Apr 30, 20240%
Trademarks and trade names (indefinite-lived)$84.4M3 Apr 30, 2025$84.4M3 Apr 30, 20240%
Finite-lived intangibles, gross$912.7M3 Apr 30, 2025$853.1M3 Apr 30, 2024+7.0%
Accumulated amortization$460.4M3 Apr 30, 2025$434.7M3 Apr 30, 2024+5.9%
Finite-lived intangibles, net$452.3M3 Apr 30, 2025$418.3M3 Apr 30, 2024+8.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$586.2M3 Apr 30, 2025$580.8M3 Apr 30, 2024+0.9%

Properties, in its own words

Our corporate headquarters is in Tucker, Georgia. As of April 30, 2025, we operated our business through more than 320 distribution centers across 48 states and the District of Columbia in the United States and six provinces in Canada. Our distribution centers typically consist of storage, warehouse and office space. We also operated our business through nearly 100 tool sales, rental and service centers throughout the United States and have a tool assembly facility in Suwanee, Georgia. As of April 30, 2025, we owned 85 of our facilities, some of which were used as collateral to secure the Term Loan Facility. Our distribution centers range in size from approximately 2,000 to 150,000 square feet, and our tool sales, rental and service centers range in size from approximately 1,000 to 5,000 square feet. We believe that our properties are in good operating condition and adequately serve our current business operations.

The following table summarizes our real estate facilities as of April 30, 2025:

The rest of Item 2

Property Type · Leased Facilities · Owned Facilities · Total

Corporate headquarters · 1 · — · 1

Distribution centers · 238 · 85 · 323

Tool sales, rental and service centers · 94 · — · 94

Tool assembly facility · 1 · — · 1

Total · 334 · 85 · 419

Item 2 of the 10-K filed Jun 18, 2025.6

Leadership

Who has led GMS Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John C. Turner Jr.2020–now

President

  1. John C. Turner Jr.2019–now

Chief financial officer

  1. Howard D. Goforth2016–2018
  2. Scott M. Deakin2019–now

Chief operating officer

  1. George T. Hendren2022–now
20202025
Board members and other officers (15)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 2704026 Ontario Ltd Ontario5
  • All-Wall Equipment Company Inc Washington5
  • Ames Tools Canada Corporation New Brunswick5
  • Ames Tools Corporation Delaware5
  • Canada Gypsum Management and Supply, Inc. British Columbia5
  • Capitol Building Supply, Inc. Virginia5
  • Capitol Materials, Incorporated Georgia5
  • Cherokee Building Materials, Inc. Oklahoma5
  • Chicago Gypsum Supply, Inc. Georgia5
  • Cowtown Materials, Inc. Texas5
  • D.L. Building Materials Inc. Canada5
  • Empire Construction Supply, Inc. Georgia5
  • GMS Canada Lumber Corp. British Columbia5
  • GMS Southeast, Inc. Florida5
  • GMS Strategic Solutions, Inc. Georgia5
  • GTS Drywall Supply Company Washington5
  • GYP Canada Finance LP Ontario5
  • GYP Canada Holdings I ULC British Columbia5
  • GYP Canada Holdings III Corp. British Columbia5
  • GYP Holdings II Corp. Delaware5
  • GYP Holdings III Corp. Delaware5
  • GYP Holdings IV (Barbados) SRL Barbados5
  • GYP Holdings IV Corp. Delaware5
  • GYP Holdings V Corp. Delaware5
All 42 listed subsidiaries
  • Gypsum Management and Supply, Inc. Georgia5
  • Gypsum Supply Installed Insulation, LLC Georgia5
  • Laminated Glass Technologies, Inc. Ontario5
  • Missouri Drywall Supply, Inc. Missouri5
  • PGS-Westside I, Inc. Georgia5
  • PGS-Westside II, Inc. Georgia5
  • Pacific Gypsum Supply, Inc. Georgia5
  • Pioneer Materials West, Inc. Colorado5
  • Right-Fit Foam Insulation Ltd. Ontario5
  • Sun Valley Interior Supply, Inc. Georgia5
  • Tamarack Materials, Inc. Minnesota5
  • Titan GMS GP Inc. British Columbia5
  • Titan GMS Limited Partnership Manitoba5
  • Tool Source Warehouse, Inc. Georgia5
  • Tucker Acoustical Products, Inc. Georgia5
  • WSB Titan Inc. Canada5
  • Yvon Building Supply, Inc. Ontario5
  • Yvon Insulation Corporation Ontario5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • GYP Holdings I Corp.Feb 26, 2014 to May 18, 20154

Timeline

  1. Sep 4, 20258-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer37
  2. Aug 28, 20258-K Results of operations38
  3. Jul 25, 20258-K Other events39
  4. Jun 30, 20258-K Entered a material agreement; Regulation FD disclosure40
  5. Jun 20, 20258-K Other events41
  6. Jun 18, 20258-K Results of operations42
  7. Jun 18, 20258-K Regulation FD disclosure43
  8. Mar 11, 20258-K Regulation FD disclosure44
  9. Mar 6, 20258-K Results of operations45
  10. Mar 6, 20258-K Regulation FD disclosure46
  11. Jan 24, 20258-K Bylaws or fiscal year changed47
  12. Dec 5, 20248-K Results of operations48
  13. Mar 17, 2020New chief executive John C. Turner Jr. becomes CEO17

Calendar

When it reported results

  1. Aug 28, 2025Reported quarterly or annual results38
  2. Jun 18, 2025Reported quarterly or annual results42
  3. Mar 6, 2025Reported quarterly or annual results45
  4. Dec 5, 2024Reported quarterly or annual results48
  5. Aug 29, 2024Reported quarterly or annual results49
  6. Jun 20, 2024Reported quarterly or annual results50
  7. Feb 29, 2024Reported quarterly or annual results51
  8. Dec 7, 2023Reported quarterly or annual results52

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

276 filings to the SEC since October 2021: 5 annual reports, 12 quarterly reports, 47 major events, 139 insider forms, 30 large holders, 43 other. The latest 20:

  1. Oct 9, 2025SCHEDULE 13G/A EDGAR
  2. Sep 15, 202515-12G EDGAR
  3. Sep 9, 2025EFFECT EDGAR
  4. Sep 8, 20254 EDGAR
  5. Sep 8, 20254 EDGAR
  6. Sep 8, 20254 EDGAR
  7. Sep 8, 20254 EDGAR
  8. Sep 8, 20254 EDGAR
  9. Sep 8, 20254 EDGAR
  10. Sep 8, 20254 EDGAR
  11. Sep 8, 20254 EDGAR
  12. Sep 8, 20254 EDGAR
  13. Sep 8, 20254 EDGAR
  14. Sep 8, 20254 EDGAR
  15. Sep 8, 20254 EDGAR
  16. Sep 8, 20254 EDGAR
  17. Sep 8, 20254 EDGAR
  18. Sep 8, 2025SCHEDULE 13G/A EDGAR
  19. Sep 4, 2025POS AM EDGAR
  20. Sep 4, 2025S-8 POS EDGAR

The 276 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

67 open-market trades by officers, directors and large owners since October 2021: 12 buys and 55 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 16, 2025Shackelton Christopher S10% ownerSale54,944$110.05$6.0MForm 4
Jul 15, 2025Shackelton Christopher S10% ownerSale104,550$110.06$11.5MForm 4
Jul 14, 2025Shackelton Christopher S10% ownerSale179,133$110.05$19.7MForm 4
Jun 30, 2025Hendren George TSVP, Chief Operating OfficerSale5,000$108.23$541.1KForm 4
Apr 7, 2025Turner John C JRPresident and CEOBuy3,650$70.00$255.5KForm 4
Apr 1, 2025Gilliam Theron IDirectorSale12,474$73.46$916.3KForm 4
Nov 11, 2024Hendren George TSVP, Chief Operating OfficerSale5,000$102.13$510.6KForm 4
Sep 18, 2024Turner John C JRPresident and CEOSale15,000$91.76$1.4MForm 4
Jul 16, 2024Apolinsky Craig DSVP, General CounselSale7,900$90.32$713.5KForm 4
Mar 27, 2024Apolinsky Craig DSVP, General CounselSale20,000$96.57$1.9MForm 4
Mar 22, 2024Hendren George TSVP, Chief Operating OfficerSale10,554$96.49$1.0MForm 4
Mar 21, 2024Turner John C JRPresident and CEOSale6,266$97.58$611.4KForm 4
Jan 8, 2024Hendren George TSVP, Chief Operating OfficerSale3,404$80.00$272.3KForm 4
Jan 8, 2024Apolinsky Craig DSVP, General CounselSale4,455$79.54$354.4KForm 4
Jan 2, 2024Turner John C JRPresident and CEOSale47,480$80.31$3.8MForm 4
Jan 2, 2024SMITH J DAVIDDirectorSale30,474$80.60$2.5MForm 4
Jan 2, 2024GAVIN JOHN JDirectorSale22,861$80.57$1.8MForm 4
Dec 27, 2023DEAKIN SCOTT MSVP, Chief Financial OfficerSale7,238$84.02$608.1KForm 4
Dec 27, 2023Bell William ForrestVP, Chief Accounting OfficerSale1,976$83.80$165.6KForm 4
Dec 13, 2023Apolinsky Craig DSVP, General CounselSale6,948$74.16$515.3KForm 4

All 67 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How GMS Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGMS Inc.1
  • CIK0001600438
  • Employer ID (EIN)46-29312876
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
  • Incorporated inDelaware6
  • Fiscal year endsApril 301
  • Industry code (SIC)5030 Wholesale-Lumber & Other Construction Materials1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address100 Crescent Centre Parkway, Suite 800, Tucker, GA 300841
  • Phone800-392-46191
  • Shares outstanding38,169,712 as of Aug 25, 202513
  • Public float$3.5B as of Oct 31, 20246
  • AuditorErnst & Young LLP, Atlanta, Georgia PCAOB ID 42; it also attests to the company’s internal control over financial reporting6
  • On EDGAR sinceFeb 26, 20141
  • Filings634 in all: 4 (267), 8-K (114), 10-Q (28), 3 (28), SC 13G/A (27), 144 (23), CORRESP (16), SC 13D/A (11)1
    All 45 form types

    10-K (10), SC 13G (10), DEF 14A (8), S-1/A (8), SCHEDULE 13G/A (8), UPLOAD (8), 4/A (6), SC TO-T/A (6), 424B3 (5), EFFECT (5), SC 14D9/A (5), 424B4 (3), D (3), S-1 (3), S-8 (3), S-8 POS (3), ARS (2), D/A (2), POSASR (2), S-3ASR (2), SC TO-C (2), 10-K/A (1), 15-12G (1), 25-NSE (1), 8-A12B (1), 8-K/A (1), CERTNYS (1), DEFA14A (1), POS AM (1), PRE 14A (1), S-1MEF (1), S-3 (1), SC 13D (1), SC 14D9 (1), SC TO-T (1), SC14D9C (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Jun 18, 2025
    Quarterly report (10-Q) Aug 28, 2025
    Proxy statement (DEF 14A) Aug 27, 2024
    Latest 8-K (8-K) Sep 4, 2025

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareGMSNew York Stock Exchange

From the cover page of the 10-K filed Jun 18, 2025 (Section 12(b) of the Exchange Act).6

Risk factors and legal proceedings

The risks GMS Inc. names in Item 1A of its 10-K filed Jun 18, 2025: 30 risks under these headings, as written.6

  • Risks Relating to our Industry and Economic Conditions
  • Our business is affected by general business, financial market and economic conditions, which could adversely affect our results of operations.
  • Our sales are in part dependent upon the commercial new construction market and the commercial R&R market.
  • Our sales are in part dependent upon the residential new construction market and home R&R activity.
  • Our industry and the markets in which we operate are fragmented and competitive, and increased competitive pressure may adversely affect our results of operations.
  • Consolidation in our industry may negatively impact our business.
  • Labor shortages in our industry can negatively impact the availability of labor and increase labor costs, as well as negatively impact our business and that of our suppliers and customers.
  • Risks Relating to our Business
  • We are subject to significant fluctuations in prices and mix of the products we distribute, including as a result of inflationary and deflationary pressures, and we may not be able to pass on price increases to our customers and effectively manage inventories and margins.
  • We may be unsuccessful in making and integrating acquisitions and opening new branches.
  • We may not be able to expand into new geographic markets, expand core products or expand our complementary products, which may impact our ability to grow our business.
  • Product shortages, loss of key suppliers or failure to develop relationships with qualified suppliers, and our dependence on third-party suppliers and manufacturers could affect our financial health.
The other 20 risks
  • Increases in operating costs or failure to achieve operating efficiencies could adversely affect our results of operations and cash flows.
  • The loss of any of our significant customers, a reduction in the quantity of products they purchase or inability to pay could affect our financial health.
  • Our operations are dependent on our ability to identify and maintain attractive locations for our operations and if we are unable to do so, our growth and profitability could be adversely affected. We may be unable to renew our leases on favorable terms or find comparable replacement facilities without substantial additional costs.
  • We may be unable to effectively manage our inventory and working capital as our sales volume changes or the prices of the products we distribute fluctuate, which could have a material adverse effect on our business, financial condition and results of operations.
  • Any significant fuel cost increases or shortages in the supply of fuel could disrupt our ability to distribute products to our customers, which could adversely affect our results of operations.
  • Natural or man-made disruptions to our facilities may adversely affect our business and operations.
  • Events impacting our Canadian operations, including currency rate fluctuations, as well as risks in other countries where we may operate, could have a material adverse effect on us.
  • We may be unable to continue to anticipate and address evolving consumer demands.
  • Risks Relating to Legal, Regulatory and Compliance
  • We are exposed to product liability, warranty, casualty, construction defects, contract, tort, personal injury, employment and other claims and legal proceedings related to our business, the products we distribute, the services we provide and services provided for us by third parties.
  • Federal, state, provincial, local and other regulations could impose substantial costs and restrictions on our operations that would reduce our net income.
  • Risks Relating to Our Liquidity and Capital Resources
  • The agreements that govern our indebtedness contain various financial covenants that could limit our ability to engage in activities that may be in our best long-term interests.
  • Our current indebtedness, degree of leverage and any future indebtedness we may incur may adversely affect our cash flows, limit our operational and financing flexibility and negatively impact our business and our ability to make payments on our indebtedness and declare dividends and make other distributions.
  • Despite our current level of indebtedness, we may still be able to incur more debt.
  • An increase in interest rates would increase the cost of servicing our debt and could reduce our profitability.
  • We may have future capital needs that require us to incur additional debt, and we may be unable to obtain additional financing on acceptable terms, if at all.
  • General Risk Factors
  • Failure to attract and retain key employees while controlling costs could have a significant adverse effect on our business.
  • Cybersecurity breaches could harm our business.
  • A disruption of our IT systems could adversely impact our business and operations.
  • Trade policies, including the imposition of new or increased tariffs and any retaliatory measures, could have an adverse effect on our results of operations.
  • The market price of our common stock may be highly volatile.

Legal proceedings

From time to time, we are involved in lawsuits that are brought against us in the normal course of business. We are not currently a party to any legal proceedings that we currently believe would, either individually or in the aggregate, have a material adverse effect on our business or financial condition.

The opening of Item 3, Legal Proceedings.6

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
    SEC EDGAROther events
  40. 40
  41. 41
    SEC EDGAROther events
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57