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) 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.
GMS (NYSE: GMS), a prominent North American distributor of specialty building products, announced an agreement to acquire Yvon Building Supply and its affiliates for up to CAD$196.5 million. The acquisition includes Yvon Insulation , Yvon Insulation Windsor, Laminated Glass Technologies, and Right Fit Foam Insulation. Expected to close in July 2024, the deal remains subject to regulatory approvals and customary conditions.
Yvon, a trusted supplier in Ontario with seven locations, generated over CAD$190 million in net revenues for the year ending February 29, 2024. The acquisition aims to enhance GMS's service and product offerings in southern Ontario, particularly in the fast-growing Greater Toronto Area. GMS will fund the transaction through cash on hand and borrowings under its revolving credit facility. Post-acquisition, the Yvon businesses will retain their brand names and current leadership.
GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, has acquired Howard & Sons Building Materials in Southern California, expanding its product offerings. The acquisition, completed on May 1, 2024, allows GMS to enhance its distribution network and provide a wider range of construction products to customers in the region.
Summary not available.
Summary not available.