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.
GMS Inc. was a North American specialty building products distributor serving residential and commercial contractors in the United States and Canada. Company news centered on operating results, product-group sales for wallboard, ceilings, steel framing and complementary construction products, tool sales and rental operations, cost actions, acquisitions, greenfield yard openings and capital-structure updates.
GMS coverage also includes corporate-status developments following its completed acquisition by The Home Depot, including the transition from a NYSE-listed public company to a deregistered issuer.
GMS Inc. (NYSE: GMS) has announced a definitive agreement to acquire AMES Taping Tools Holding LLC for $212.5 million in cash. This acquisition aims to enhance GMS’s offerings in the drywall finishing industry and is expected to close in the fiscal third quarter of 2022. AMES, which achieved net sales of approximately $100 million in the last fiscal year, will continue operating under its brand. The transaction is anticipated to improve GMS’s market presence and yield accretive EBITDA margins.
GMS Inc. (NYSE: GMS), a top North American distributor of interior building products, will present at Baird's 2021 Global Industrial Conference on November 9, 2021, at 10:50 AM ET. The live presentation will be available on the company's website, with an archived replay accessible for at least 14 days. Celebrating its 50th anniversary, GMS operates over 280 distribution centers in the U.S. and Canada, offering products such as wallboard and suspended ceiling systems, catering to interior contractors in commercial and residential sectors.
GMS Inc. (NYSE: GMS) has announced that board members Teri P. McClure and Randolph W. Melville have been recognized in Savoy Magazine’s 2021 Most Influential Black Corporate Directors list. This prestigious accolade acknowledges their professional achievements and community efforts. McClure, former executive at UPS, and Melville, ex-SVP at PepsiCo, contribute significant experience to GMS’s board. This recognition emphasizes GMS's commitment to diversity and strong governance leadership.
GMS Inc. (NYSE: GMS), a top distributor of interior building products, will present at the RBC Capital Markets Global Industrials Conference on September 9, 2021, at 3:20 PM Eastern Time. The session will be streamed live on the company’s website, with an archived replay available for 14 days. Celebrating its 50th anniversary, GMS operates over 280 distribution centers in the U.S. and Canada, offering a wide range of products including wallboard and suspended ceiling systems, catering primarily to interior contractors.
GMS Inc. (NYSE: GMS) reported record financial results for the fiscal first quarter ending July 31, 2021. Net sales surpassed $1 billion, totaling $1.04 billion, a 29.8% increase year-over-year. Net income more than doubled to $61.2 million, or $1.39 per diluted share. Adjusted EBITDA increased by 54.2% to $128.1 million, with a margin improvement of 200 basis points to 12.3%. The company completed two acquisitions and opened five new locations, while net debt leverage decreased to 2.7 times. GMS expects continued growth through strategic expansions and enhanced product offerings.
GMS Inc. (NYSE:GMS) will release its financial results for the fiscal quarter ending July 31, 2021, before market opening on September 2, 2021. A conference call is scheduled for the same day at 8:30 a.m. ET, to discuss the results and recent events. Investors can view the call via webcast on the Company's website, with a replay available post-event. Now celebrating its 50th anniversary, GMS operates over 280 distribution centers in North America, providing a wide range of interior building products including wallboard and steel framing for contractors.
GMS, a North American distributor of interior building products, announced two strategic acquisitions: DK&B Construction Specialties EIFS division and Architectural Coatings Distributors, Inc. These moves aim to enhance GMS's product offerings and expand its market presence, particularly in Nebraska and Northeast Ohio. Additionally, GMS opened five new locations to improve service capabilities across several U.S. and Canadian markets. This expansion aligns with their growth strategy and marks GMS's commitment to strengthen its position in the industry.
GMS (NYSE: GMS), a top North American distributor of interior building products, will present at the Barclays Select Series: Building & Building Products Conference on August 10, 2021, at 9:20 AM ET. The presentation will be streamed live on GMS's website, with an archived replay available for 90 days. Celebrating 50 years since its establishment in 1971, GMS operates over 275 distribution centers in the U.S. and Canada, offering wallboard, ceiling systems, and other construction products tailored for interior contractors.
GMS Inc. (NYSE: GMS) has successfully completed its acquisition of Westside Building Material for $135.0 million, funded through cash reserves and credit facility borrowings. This deal significantly boosts GMS's market presence, particularly in major California markets and marks its entry into Las Vegas. CEO John C. Turner Jr. emphasized the strategic importance of such acquisitions for GMS's growth. Celebrating its 50th anniversary, GMS operates over 275 distribution centers offering a comprehensive range of interior construction products.
GMS reported strong financial results for Q4 and FY2021, with net sales of $932.2 million, a 20.9% increase year-over-year. Organic sales rose 17.1%. Net income reached $33.7 million, or $0.77 per diluted share, with adjusted net income at $46.9 million, or $1.07 per diluted share. The adjusted EBITDA surged 43.5% to $91.2 million. The company expanded its platform through an acquisition in Canada and four new locations in the U.S. However, gross margin declined to 31.5% from 32.6%.