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.
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GMS Inc. (NYSE: GMS) has completed the acquisitions of Engler, Meier & Justus, Inc. and Blair Building Materials, Inc., enhancing its presence in the Chicago market and Greater Toronto Area. Both acquisitions, finalized on April 3, 2023, aim to expand GMS's product offerings, particularly in drywall and building materials. GMS also announced the opening of a new greenfield yard in Ottawa and two AMES® store locations in Myrtle Beach, SC, and Olive Branch, MS, reinforcing its growth strategy. The company emphasizes the importance of expanding its footprint and product range for future growth.
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.