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GMS Inc - GMS STOCK NEWS

Welcome to our dedicated news page for GMS (Ticker: GMS), a resource for investors and traders seeking the latest updates and insights on GMS.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GMS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of GMS's position in the market.

News
GMS Completes the Acquisition of Kamco Supply Corporation
Rhea-AI Summary
GMS Inc. (NYSE: GMS) successfully completes the acquisition of Kamco Supply Corporation, a leading construction products supplier in the New York City area. The acquisition is expected to boost revenue and expand GMS's geographic footprint, providing growth opportunities and cost synergies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.66%
Tags
acquisition
-
News
GMS Reports Third Quarter Fiscal 2024 Results
Rhea-AI Summary
GMS Inc. reports a 1.9% increase in net sales to $1.3 billion for the fiscal third quarter of 2024, with strong growth in multi-family and commercial sectors offsetting declines in single-family. Adjusted net income was $65.0 million, down from $78.3 million, and Adjusted EBITDA decreased by 9.1% to $128.0 million. The company's net debt leverage improved to 1.5 times. GMS remains optimistic about future growth, with strategic acquisitions and a strong product portfolio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.72%
Tags
earnings
-
News
GMS to Present at the Raymond James 45th Annual Institutional Investors Conference
Rhea-AI Summary
GMS Inc. (NYSE: GMS) to present at Raymond James 45th Annual Institutional Investors Conference on March 5, 2024. The presentation will be webcast live and available for replay for 180 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.56%
Tags
conferences
News
GMS Announces Date for Third Quarter Fiscal Year 2024 Earnings Release and Conference Call
Rhea-AI Summary
GMS Inc. (NYSE:GMS) will release its fiscal third quarter financial results on February 29, 2024, followed by a conference call to discuss the results and recent events. The webcast will be available on the company's website for live and replay viewing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.66%
Tags
earnings
-
News
GMS Appoints Brad Southern to the Board of Directors
Rhea-AI Summary
GMS Inc. (NYSE: GMS) has expanded its board of directors to ten members and appointed Brad Southern as an independent director, effective January 19, 2024. Peter Browning will not stand for reelection at the 2024 Annual Meeting. Brad Southern brings extensive industry and financial expertise from his role as the CEO of Louisiana-Pacific Corporation and various leadership positions in other organizations. He holds a Masters of Forest Resources and a Bachelor of Science in Forest Resources from the University of Georgia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.42%
Tags
management
-
News
GMS to Acquire Kamco Supply Corporation
Rhea-AI Summary
GMS Inc. (NYSE: GMS) to Acquire Kamco Supply Corporation, Expanding Presence in Greater New York City Area
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.1%
Tags
acquisition
News
GMS Reports Second Quarter Fiscal 2024 Results
Rhea-AI Summary
GMS Inc. (NYSE: GMS) reported financial results for the fiscal second quarter ended October 31, 2023. Net sales of $1.4 billion decreased 0.7%, with organic net sales down 3.1%. Net income of $81.0 million, or $1.97 per diluted share, decreased 21.5%. Adjusted EBITDA of $167.6 million decreased 14.3%. Cash provided by operating activities and free cash flow were up 10.1% and 5.8%, respectively. Despite single-family demand reductions, commercial and multi-family segments outperformed expectations, driving growth in these end markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.49%
Tags
earnings
-
News
GMS Announces Date for Second Quarter Fiscal Year 2024 Earnings Release and Conference Call
Rhea-AI Summary
GMS Inc. (GMS) will release its financial results for its fiscal second quarter ended October 31, 2023, before the market opens on the New York Stock Exchange on Thursday, December 7, 2023. The company will hold a conference call at 8:30 a.m. eastern time to review financial results, discuss recent events, and conduct a question-and-answer session. The conference call and accompanying slide presentation will be available on the Company’s website. Participants can join the telephone conference call by dialing in at least five minutes prior to the start time. Domestic and international playback options are also available until January 7, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.36%
Tags
earnings
-
News
GMS to Present at the Stephens Annual Investment Conference
Rhea-AI Summary
GMS Inc. (NYSE: GMS) will present at the Stephens Annual Investment Conference on November 14, 2023, at 3:00 PM central time. The presentation will be webcast live on the Company’s website and available for replay for approximately 180 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
Tags
conferences
News
GMS Expands Its Complementary Product Offerings with the Acquisition of AMW Construction Supply in Phoenix, AZ; Also Announces Further Platform Expansion Activities
Rhea-AI Summary
GMS Inc. announces acquisition of AMW Construction Supply, two new greenfield yards, and two new AMES store locations as part of its growth strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.84%
Tags
acquisition
Stock GMS logo
GMS Inc

NYSE:GMS

GMS Rankings

#1380 Ranked by Market Cap
#854 Ranked by Stock Gains
N/A Ranked by Dividends

GMS Stock Data

3.80B
39.57M
0.57%
97.64%
2.05%
Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers
Wholesale Trade
Link
US
Tucker

About GMS

gms is the leading north american distributor of gypsum wallboard, acoustical ceiling products and other specialty building materials. gms operates in 34 states, through a network of 37 subsidiary partners and over 150 distribution centers nationwide, from alaska to florida. when gms opened their doors in 1971, customer service was and continues to be the cornerstone of everything the company does. in total, gms and its subsidiary partners distribute over 10,000 unique products from the industry’s leading manufacturers, all across the nation. in addition to wallboard and acoustical products, gms supplies a comprehensive inventory of other building materials, including frp boards, metal framing, insulation, exterior insulation finish systems, ready-mix joint compound, tools, and various other related interior construction products.