Gms Inc Stock Price, News & Analysis

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.

GMS Inc. (NYSE:GMS) has announced it will release its financial results for the fiscal quarter ending July 31, 2022, on September 1, 2022, before market opening. A conference call will follow at 8:30 a.m. ET to discuss results and recent events, allowing for a Q&A session. Investors can access the call and accompanying presentation on GMS's website. Founded in 1971, GMS operates approximately 300 distribution centers across the U.S. and Canada, focusing on building products like wallboard and ceilings, serving residential and commercial contractors.

GMS Inc. (NYSE: GMS) has appointed Leigh Dobbs as the new Chief Human Resources Officer (CHRO), effective September 6, 2022. President and CEO John C. Turner expressed confidence in her extensive HR expertise, emphasizing the importance of her role in achieving strategic growth and enhancing company culture. Ms. Dobbs brings over 20 years of HR experience, having held significant positions at Zenith American Solutions, Randstad North America, and BlueLinx Corporation.

GMS operates a vast network of approximately 300 distribution centers across North America, specializing in building products.

GMS Inc. (NYSE: GMS), a leading distributor of specialty building products, will present at the Jefferies Industrials Conference on August 9, 2022, at 3:00 PM Eastern Time. The presentation will be available for live streaming on their website, with an archived replay accessible for 90 days. Founded in 1971 and employing around 6,700 staff, GMS operates approximately 300 distribution centers in the U.S. and Canada, specializing in wallboard, ceilings, and steel framing.

GMS Inc. has appointed Travis Hendren as the new Chief Operating Officer, effective August 1, 2022. Mr. Hendren, who has been with GMS since 2014 and served as President of GMS Canada, will oversee all field operations in his new role. His leadership is expected to enhance strategic priorities and operational support. Under his guidance, GMS opened 33 yards and completed 30 acquisitions. With nearly 300 distribution centers and about 6,700 employees, GMS specializes in building products across the US and Canada.

GMS Inc. (NYSE: GMS) reported impressive fourth-quarter and full-year fiscal 2022 results, with net sales reaching $1.29 billion, a 38.2% increase, and net income doubling to $76.5 million or $1.75 per diluted share. Adjusted EBITDA surged 69.1% to $154.2 million, reflecting strong demand and successful pricing strategies. The company also approved a new $200 million share repurchase program, replacing the earlier $75 million plan. With cash flow from operations of $199.5 million, GMS shows robust financial health despite rising interest rates.