Gms Inc Stock Price, News & Analysis

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.

GMS Inc. (NYSE:GMS) will release its financial results for the fiscal quarter and year ending April 30, 2022 on June 23, 2022, before market opening. A conference call is scheduled for 8:30 a.m. ET the same day to discuss these results and recent developments. Shareholders can access the call via the company’s website and participate through provided dial-in numbers. GMS operates nearly 300 distribution centers and over 90 tool service centers across the U.S. and Canada.

GMS Inc. (NYSE: GMS) has successfully acquired Construction Supply of Southwest Florida, Inc., enhancing its product offerings in Florida. This acquisition aligns with GMS's growth strategy, adding five new AMES store locations and four greenfield sites across key markets such as Massachusetts, Florida, Ohio, and South Carolina. The company aims to strengthen its local presence and customer service through these expansions, which include a new stucco-focused location in Florida.

GMS Inc. (NYSE: GMS) reported robust financial results for the fiscal third quarter ended January 31, 2022, with net sales reaching $1.15 billion, a 53.6% year-over-year increase, driven by inflationary pricing and strong demand in residential markets. Net income soared to $61.4 million, or $1.40 per diluted share, up 280.6%, and adjusted EBITDA rose 115.8% to $135.1 million. The company completed significant acquisitions and improved operational efficiency, illustrated by a net debt leverage ratio decrease to 2.3 times.

GMS Inc. (NYSE: GMS), a top specialty building products distributor, will present at the Raymond James 43rd Annual Institutional Investors Conference on March 8, 2022, at 3:25 PM ET. The event will be webcast live on the company's website, with an archived replay available for 90 days. GMS operates nearly 300 distribution centers and over 90 tool sales centers across the U.S. and Canada, offering products like wallboard and steel framing. Their model combines national strategy with a strong local focus, ensuring exceptional customer service and economies of scale.

GMS Inc. (NYSE:GMS) announced it will release its financial results for the fiscal quarter ending January 31, 2022, on March 3, 2022, before market opening. A conference call will follow at 8:30 a.m. ET that same day, allowing investors to review results and ask questions. Interested parties can access the conference call via the company’s website, with a replay available until April 3, 2022. GMS operates nearly 300 distribution centers and over 90 tool sales and rental centers across the U.S. and Canada, specializing in construction products.