Welcome to our dedicated page for Gms news (Ticker: GMS), a resource for investors and traders seeking the latest updates and insights on Gms stock.
This page provides a historical news archive for GMS Inc. (formerly NYSE: GMS), a North American specialty building products distributor. Company press releases and SEC-related announcements document how GMS operated a network of more than 300 distribution centers and approximately 100 tool sales, rental and service centers, offering wallboard, ceilings, steel framing and complementary construction products to residential and commercial contractors across the United States and Canada.
The news flow for GMS covers several key themes. Regular quarterly and annual earnings releases detail net sales, product group performance, gross margins, Adjusted EBITDA and free cash flow, along with commentary on end market demand in single-family, multi-family and commercial construction. These releases also describe pricing dynamics in wallboard, ceilings, steel framing and complementary products, as well as the impact of factors such as interest rates, economic uncertainty, weather events and steel price deflation.
Another important category of news relates to platform expansion. GMS has announced strategic acquisitions of regional distributors and the opening of new greenfield locations in both the United States and Canada, reflecting its stated priorities to grow complementary products and expand its distribution platform. These items provide insight into how the company broadened its geographic reach and product coverage over time.
Corporate transaction and capital markets developments are also prominent in the GMS news record. In 2025, the company issued releases about an unsolicited proposal from QXO, Inc., followed by the announcement of a definitive agreement for GMS to be acquired by SRS Distribution, a subsidiary of The Home Depot. Subsequent filings and press releases describe the tender offer, merger completion and related financing and debt redemption actions. Together, these items trace GMS’s transition from a publicly traded company to an indirect, wholly owned subsidiary of The Home Depot.
Investors and researchers can use this news archive to review how GMS communicated its financial performance, strategic initiatives and corporate transactions over time, including the events leading up to its acquisition and delisting from the New York Stock Exchange.
GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, reported its fiscal Q1 2026 results. The company recorded net sales of $1.41 billion, down 2.4% from $1.45 billion in Q1 2025. Net income decreased to $43.6 million from $57.2 million year-over-year, with diluted EPS falling to $1.13 from $1.42.
Product performance showed mixed results with Wallboard sales declining 5.4% to $556.4 million, while Ceilings sales increased 6.6% to $220.9 million. Steel framing sales decreased 6.3% to $196.6 million. The company's Adjusted EBITDA was $135.5 million with a margin of 9.6%, compared to $145.9 million and 10.1% in the prior year period.
GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, has announced a definitive agreement to be acquired by SRS Distribution, a subsidiary of The Home Depot, in a deal valued at approximately $5.5 billion including net debt.
Under the agreement terms, SRS will initiate a tender offer to acquire all outstanding GMS shares for $110.00 per share, representing a 36% premium to GMS's unaffected share price as of June 18, 2025. The transaction is expected to close by January 31, 2026, subject to regulatory approvals and tender of majority shares.
Following the acquisition, GMS's current President and CEO John C. Turner Jr. and the senior leadership team will continue to lead GMS within the SRS organization. The combined entity will create a network of more than 1,200 locations and a fleet of over 8,000 trucks capable of making tens of thousands of daily jobsite deliveries.
GMS Inc. (NYSE: GMS) reported its fiscal Q3 2025 results with mixed performance. Net sales reached $1.3 billion, showing a marginal increase of 0.2%, while organic net sales declined 6.7%. The company reported a net loss of $21.4 million ($0.55 per diluted share), including a $42.5 million non-cash goodwill impairment charge, down from net income of $51.9 million in the previous year.
Key metrics showed declining trends: Adjusted EBITDA fell 27.3% to $93.0 million, while cash from operations decreased to $94.1 million. The company's net debt leverage increased to 2.4 times from 1.5 times year-over-year. In response to market challenges, GMS is implementing additional cost reductions of $20 million annually, bringing total annualized savings to $50 million.
Product category performance varied: Wallboard sales decreased 3.6%, Ceilings increased 16.0%, Steel Framing declined 11.6%, and Complementary Products rose 5.3%. The company continues share repurchases, buying back 445,163 shares for $39.3 million during the quarter.
GMS Inc. (NYSE:GMS), a leading North American specialty distributor of building products, has announced it will release its fiscal third quarter 2025 financial results before market opening on Thursday, March 6, 2025. The company will host a conference call with a Q&A session at 8:30 a.m. eastern time on the same day.
The conference call will include a slide presentation accessible through the company's website under the Investors section. A webcast replay will be available, and telephone playback can be accessed until April 6, 2025, using specific domestic and international dial-in numbers with passcode 13751602.
GMS Inc. (NYSE: GMS) reported financial results for Q2 fiscal 2025. Net sales increased 3.5% to $1.5 billion, while organic net sales decreased 4.6%. Net income declined 33.9% to $53.5 million ($1.35 per diluted share) from $81.0 million ($1.97 per diluted share) year-over-year. Adjusted EBITDA decreased 9.2% to $152.2 million.
The company faced challenges including softening multi-family activity, commercial shipments decline, and hurricane-related impacts. However, prices remained resilient across major product lines. The Board renewed a $250 million share repurchase authorization. Cash provided by operating activities was $115.6 million, and free cash flow was $101.5 million.
GMS Inc. (NYSE:GMS), a leading North American specialty distributor of building products, has announced its upcoming fiscal second quarter 2025 earnings release and conference call schedule. The company will release its financial results for the quarter ended October 31, 2024, before market opening on Thursday, December 5, 2024. A conference call will follow at 8:30 a.m. eastern time to discuss results and conduct a Q&A session. The presentation will be available on the company's website, with both domestic and international dial-in options provided. A playback will be accessible through January 5, 2025.
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