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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Apr. 30, 2025
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited) Selected Quarterly Financial Data (Unaudited)
The following table sets forth certain unaudited financial information for each quarter of the years ended April 30, 2025 and 2024. The unaudited quarterly information includes all adjustments (consisting of normal recurring adjustments) that, in the opinion of management, are necessary for the fair presentation of the information presented.
Year Ended April 30, 2025
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
(in thousands, except per share data)
Net sales$1,448,456 $1,470,776 $1,260,710 $1,333,796 
Gross profit451,563 461,127 393,090 416,244 
Net income (loss)(1)57,248 53,536 (21,409)26,094 
Per share data
Weighted average shares outstanding(2):
Basic39,542 39,126 38,708 38,317 
Diluted40,226 39,703 38,708 38,813 
Net income (loss) per share(2):
Basic$1.45 $1.37 $(0.55)$0.68 
Diluted$1.42 $1.35 $(0.55)$0.67 
Year Ended April 30, 2024
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
(in thousands, except per share data)
Net sales$1,409,600 $1,420,930 $1,258,348 $1,413,029 
Gross profit450,554 458,629 414,720 451,198 
Net income86,830 80,957 51,905 56,387 
Per share data
Weighted average shares outstanding(2):
Basic40,749 40,466 39,864 39,830 
Diluted41,477 41,088 40,512 40,539 
Net income per share(2):
Basic$2.13 $2.00 $1.30 $1.42 
Diluted$2.09 $1.97 $1.28 $1.39 
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(1)Net loss for the third quarter of 2025 includes a $42.5 million non-cash impairment charge to goodwill and a $7.4 million pre-tax gain on the sale of the Company’s Michigan-based installed insulation contracting business.
(2)Basic and diluted net income per share are computed independently for each of the quarters presented. Therefore, the sum of the quarterly basic and diluted net income per share amounts may not equal annual basic and diluted net income per share amounts.