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Segments (Tables)
 12 Months Ended
Apr. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Results
The following table presents segment results:
Year Ended April 30,
202520242023
(in thousands)
Geographic Divisions Segment
Net sales$5,402,691 $5,374,474 $5,200,268 
Less expenses (income):
Cost of sales (exclusive of depreciation and amortization)3,740,627 3,665,881 3,548,689 
Operating expenses1,179,379 1,118,784 1,023,789 
Other income(a)(7,274)(8,731)(7,625)
Segment Adjusted EBITDA$489,959 $598,540 $635,415 
__________________________________________
(a)Includes customer finance charges, credit card surcharges and other miscellaneous income items.
The following tables present reconciliations of net sales and segment Adjusted EBITDA:
Year Ended April 30,
202520242023
(in thousands)
Reconciliation of net sales
Segment net sales$5,402,691 $5,374,474 $5,200,268 
Other net sales(a)111,047 127,433 128,984 
Consolidated net sales$5,513,738 $5,501,907 $5,329,252 
Reconciliation of Adjusted EBITDA
Segment Adjusted EBITDA$489,959 $598,540 $635,415 
Other Adjusted EBITDA(a)10,963 16,914 30,281 
Consolidated Adjusted EBITDA500,922 615,454 665,696 
Interest expense(89,080)(75,461)(65,843)
Write-off of debt discount and deferred financing fees— (2,075)— 
Interest income919 1,754 1,287 
Depreciation(83,007)(69,206)(61,177)
Amortization(81,141)(64,156)(65,730)
Impairment of goodwill(42,454)— — 
Stock appreciation expense(b)(2,296)(5,391)(7,703)
Redeemable noncontrolling interests and deferred compensation(c)(1,260)(1,427)(1,178)
Equity-based compensation(d)(15,646)(15,618)(13,217)
Severance and other permitted costs(e)(11,851)(2,628)(2,788)
Transaction costs (acquisitions and other)(f)(3,920)(4,856)(1,961)
Gain on disposal of assets(g)5,476 729 1,413 
Effects of fair value adjustments to inventory(h)(485)(1,633)(1,123)
Change in fair value of contingent consideration(i)(1,882)— — 
Debt transaction costs(j)— (1,320)(173)
Income before taxes$174,295 $374,166 $447,503 
__________________________________________
(a)Represents the Company’s non-reportable Ames and Tool Source businesses.
(b)Represents changes in the fair value of stock appreciation rights.
(c)Represents changes in the fair values of noncontrolling interests and deferred compensation agreements.
(d)Represents non-cash equity-based compensation expense related to the issuance of share-based awards.
(e)Represents severance expenses and other costs permitted in the calculation of Adjusted EBITDA under the ABL Facility and the Term Loan Facility.
(f)Represents costs related to acquisitions paid to third parties.
(g)Includes gains from the sale of assets and the sale of the Company’s Michigan-based installed insulation contracting business, net of losses and impairments.
(h)Represents the non-cash cost of sales impact of acquisition accounting adjustments to increase inventory to its estimated fair value.
(i)Represents the change in fair value of contingent consideration arrangements.
(j)Represents costs paid to third-party advisors related to debt refinancing activities.
Schedule of Net Sales to External Customers by Main Product Lines
The following table presents the Company’s net sales to external customers by main product line:
Year Ended April 30,
202520242023
(in thousands)
Wallboard$2,198,363 $2,263,337 $2,151,505 
Complementary products1,725,908 1,650,689 1,537,617 
Steel framing796,155 892,730 1,011,309 
Ceilings793,312 695,151 628,821 
Total net sales$5,513,738 $5,501,907 $5,329,252 
The following table presents additional detail on the Company’s net sales of complementary products:
Year Ended April 30,
202520242023
(in thousands)
Tools and fasteners$345,023 $346,482 $319,466 
Insulation362,175 320,209 293,755 
Joint treatment289,823 265,086 240,988 
Lumber159,675 151,457 147,507 
EIFS/stucco209,668 178,948 145,517 
Other359,544 388,507 390,384 
Complementary products$1,725,908 $1,650,689 $1,537,617 
Schedule of Net Sales by Major Geographic Area
The following table presents the Company’s net sales by major geographic area:
Year Ended April 30,
202520242023
(in thousands)
United States$4,736,710 $4,815,044 $4,676,558 
Canada777,028 686,863 652,694 
Total net sales$5,513,738 $5,501,907 $5,329,252 
Schedule of Property and Equipment by Major Geographic Area
The following table presents the Company’s property and equipment by major geographic area:
April 30,
2025		April 30,
2024
(in thousands)
United States$459,608 $425,429 
Canada64,400 46,828 
Total property and equipment, net$524,008 $472,257