Gms Inc Stock Price, News & Analysis

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.

GMS Inc. (NYSE: GMS) has announced the opening of six new greenfield locations and five new AMES Taping Tools stores since early December 2021, enhancing its geographic footprint. This growth strategy aims to provide a broader range of products and services to customers in new Top 100 Metropolitan Statistical Areas. The new locations include Fort Myers, Milford, Abilene, Statesboro, Baltimore, and Ocean Springs. Additionally, AMES has expanded with new stores in Madison, Houston, Pflugerville, Greenville, and Peoria, further enhancing market coverage.

GMS reported impressive fiscal Q2 2022 results with net sales of $1.15 billion, a 41.5% increase compared to Q2 2021. Net income surged to $74.4 million or $1.69 per diluted share, while adjusted net income rose to $87.8 million or $2.00 per diluted share. Adjusted EBITDA climbed 81.2% to $149.5 million. Despite a 32.3% gross margin decline of 30 basis points, SG&A expenses improved significantly. The company also announced strategic acquisitions to bolster market position, with positive signs for future commercial construction.

GMS Inc. (NYSE: GMS) has successfully completed its acquisition of AMES Taping Tools LLC, a leader in automatic taping and finishing tools, for $212.5 million, funded through cash and credit facilities. This acquisition is part of GMS's growth strategy to expand product offerings and enhance customer service. Additionally, GMS acquired Kimco Supply Company, strengthening its presence in Florida's construction market. The company has also opened a new greenfield location in Johnson City, TN, further solidifying its operational footprint.

GMS Inc. (NYSE:GMS) announced it will unveil financial results for the fiscal quarter ending October 31, 2021, on December 2, 2021, before the market opens. A conference call is scheduled for the same day at 8:30 a.m. eastern time, where financial results will be reviewed, and a Q&A session will follow. GMS, marking its 50th anniversary, operates over 280 distribution centers across the U.S. and Canada, specializing in interior building products including wallboard and ceilings.