Gms Inc Stock Price, News & Analysis

GMS Inc. (NYSE: GMS) reported strong third-quarter results for fiscal 2023, with net sales reaching $1.2 billion, a 7.0% increase year-over-year driven by multi-family and commercial construction growth. Net income rose 5.5% to $64.8 million, or $1.53 per diluted share. Adjusted EBITDA increased 4.3% to $140.8 million, with a margin of 11.4%. The company also improved cash flow, generating $134.1 million from operations. However, single-family demand declined by 10.6%, necessitating cost reduction initiatives to realign expenses, targeting $15 million in savings annually.

GMS Inc. (NYSE: GMS), a top specialty building products distributor in North America, will present at the Raymond James 44th Annual Institutional Investors Conference on March 8, 2023, at 11:35 AM ET. The live webcast will be accessible on the company’s website, with an archived replay available for 180 days. Established in 1971, GMS operates around 300 distribution centers and approximately 100 tool sales, rental, and service centers across the U.S. and Canada, offering products like Wallboard, Ceilings, and Steel Framing. The company's model balances national reach with local focus, enhancing customer service and operational efficiency.

GMS Inc. (NYSE:GMS), a prominent specialty distributor of building products, will announce its financial results for the quarter ending January 31, 2023, on March 2, 2023, before market opening. A conference call is scheduled for the same day at 8:30 a.m. ET, where the company will review its financial performance and recent developments. Investors can access the call and accompanying presentation on GMS's website. Founded in 1971, GMS operates around 300 distribution centers in the U.S. and Canada, providing a wide range of construction products while blending national strategies with local market focus.

GMS Inc. (NYSE: GMS) has announced its expansion into the New York City market through the acquisition of Tanner Bolt and Nut, Inc. and the opening of a greenfield location for ceiling products in Brooklyn. This acquisition, along with the establishment of new locations, aligns with GMS's strategic priorities of platform expansion and complementary product growth. In fiscal 2023, GMS opened six new greenfield locations and nine AMES store additions, enhancing its market presence. With $124 million in cash and an expanded credit agreement, GMS is well-positioned for growth.

GMS reported robust fiscal second quarter results, with net sales of $1.43 billion, up 24.4% year-over-year, driven by strong Wallboard volume and favorable pricing. Net income rose 38.7% to $103.2 million, or $2.41 per diluted share. Adjusted EBITDA increased 30.7% to $195.5 million, with a margin improvement to 13.7%. The company also generated significant cash flow, with free cash flow of $96.5 million. Improved net debt leverage to 1.6 times indicates solid financial health. CEO John C. Turner, Jr. cites strong housing demand and the AMES acquisition as key contributors to performance.

GMS Inc. (NYSE:GMS) announced it will release its financial results for the fiscal quarter ending October 31, 2022, on December 8, 2022, before market opening. A conference call is scheduled for 8:30 a.m. ET on the same day to discuss financial outcomes and recent developments. Investors can access the call via the company's website, with playback available until January 8, 2023. Founded in 1971, GMS operates about 300 distribution centers and 100 tool centers across the U.S. and Canada, providing a wide array of building products and services.

GMS Inc. (NYSE: GMS), a top North American specialty building products distributor, will present at the Stephens Annual Investment Conference on November 15, 2022, at 11 AM CT (noon ET). The presentation will be streamed live on the company’s website, www.gms.com, with an archived replay available for 90 days. Founded in 1971, GMS operates 300 distribution centers and approximately 100 tool sales, rental, and service centers across the U.S. and Canada, offering a wide array of building products and solutions to contractors.

GMS reported record fiscal Q1 2023 results, with net sales of $1.36 billion, a 30.5% increase year-over-year, supported by strong demand across various product categories. Net income rose 46.2% to $89.5 million, or $2.07 per diluted share. Adjusted EBITDA also increased by 36.6% to $175 million. Despite a slight decline in gross margin to 32.0%, the company noted strong residential construction activity and improving commercial prospects. The net debt leverage decreased to 1.8 times, reflecting improved financial health. GMS expanded its footprint with acquisitions and new locations.