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GMS Inc. (NYSE: GMS) delivers specialty building materials across North America through its network of 300+ distribution centers. This news hub provides investors and construction professionals with essential updates on corporate developments impacting the $50B+ building products distribution sector.
Access real-time announcements including quarterly earnings, product line expansions, and strategic partnerships. Our curated feed tracks operational milestones relevant to both commercial contractors and residential builders, from supply chain innovations to sustainability initiatives.
Key coverage areas include financial results, acquisition activity, market expansion, and industry leadership developments. Bookmark this page for centralized access to verified updates about wallboard availability trends, ceiling system innovations, and steel framing market dynamics.
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.
GMS Inc. (NYSE: GMS) reported its Q1 fiscal 2025 results, showing net sales growth of 2.8% to $1.4 billion, despite a 2.2% decrease in organic net sales. The company faced challenges including steel price deflation and softening end market demands. Key financial highlights include:
- Net income of $57.2 million ($1.42 per diluted share), down from $86.8 million
- Adjusted EBITDA of $145.9 million, a 15.8% decrease
- Net debt leverage increased to 2.1 times
GMS announced the acquisition of R.S. Elliott Specialty Supply, expanding its complementary products offerings. The company is implementing a $25 million annualized cost reduction program to address persistent market pressures.
GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, has announced its participation in several upcoming investor conferences. The company will be present at the Jefferies Industrials Conference on September 4, 2024, in New York, where it will give a presentation at 7:30 AM ET. This presentation will be webcast live on the company's website and archived for approximately 90 days.
Additionally, GMS will participate in the Zelman's 2024 Housing Summit on September 12 in Boston, D.A. Davidson's 23rd Annual Diversified Industrials & Services Conference on September 19 in Nashville, and the RBC Capital Markets Global Industrials Conference on September 24 in Las Vegas. At all these events, the company will host in-person investor meetings, providing opportunities for direct engagement with potential investors.
GMS Inc. (NYSE:GMS), a leading North American specialty distributor of building products, has announced the date for its first quarter fiscal year 2025 earnings release and conference call. The company will release its financial results for the fiscal quarter ended July 31, 2024, before the market opens on Thursday, August 29, 2024. A conference call will be held the same day 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. Interested parties can participate in the telephone conference call by dialing 877-407-3982 (domestic) or 201-493-6780 (international). A replay of the call will be accessible through September 29, 2024, using the playback numbers provided in the press release.
GMS, a leading North American specialty building products distributor, has completed its acquisition of Yvon Building Supply and its affiliates, expanding their footprint in Ontario, Canada. The acquisition includes Yvon Insulation, Yvon Insulation Windsor, Laminated Glass Technologies, and Right Fit Foam Insulation. Yvon, with seven locations in Ontario, generated CAD$195 million in net revenues for the twelve months ending May 31, 2024. The transaction, valued at CAD$196.5 million, was funded with cash and borrowings from GMS’s revolving credit facility. This acquisition is expected to be slightly margin-accretive for GMS.
GMS reported its Q4 and FY 2024 results, noting significant volume growth across all major product categories. Despite an 8.4% increase in net sales to $1.41 billion, net income fell 25.4% to $56.4 million due to Steel price deflation and higher tax and financing expenses. The company saw improved cash flow with free cash flow at $186.7 million. For the fiscal year, net sales rose 3.2% to $5.5 billion, while net income declined 17.1% to $276.1 million.
Key acquisitions in FY 2024, including Kamco Supply , expanded GMS's market presence. The company also repurchased 1.7 million shares worth $115.6 million. GMS expects a single-family market recovery in FY 2025, despite anticipating near-term challenges in Wallboard and Steel margins.
GMS, a prominent North American specialty distributor of building products, announced it will release its financial results for the fourth quarter and fiscal year ending April 30, 2024, on June 20, 2024, before the market opens. The company will host a conference call at 8:30 a.m. ET on the same day to discuss these results, recent events, and answer questions. The call, along with a slide presentation, will be available on the company's website. Replays of the webcast will be accessible until July 20, 2024. To participate in the call, dial domestic (877-407-3982) or international (201-493-6780). Playback can be accessed domestically at 844-512-2921 and internationally at 412-317-6671, using passcode 13746741.
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