STOCK TITAN

GMS Inc. - GMS STOCK NEWS

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. (symbol: GMS) is a leading North American distributor specializing in gypsum wallboard, acoustical ceiling products, and other specialty building materials. With operations spanning 34 states, the company leverages a robust network of 37 subsidiary partners and over 150 distribution centers. From Alaska to Florida, GMS ensures nationwide coverage, making it a crucial player in the construction industry.

Founded in 1971, GMS has built its reputation on exceptional customer service, a cornerstone of its business model. The company offers an extensive range of over 10,000 products sourced from the industry's leading manufacturers. These products include not just wallboard and acoustical ceiling products, but also FRP boards, metal framing, insulation, exterior insulation finish systems, ready-mix joint compounds, tools, and various other interior construction materials.

GMS serves multiple markets including commercial new construction, commercial repair and remodel, residential new construction, and residential repair and remodel (R&R). The company's geographical segments cover Central, Midwest, Northeast, Southern, Southeast, Western regions, and Canada. A significant portion of its revenue is generated from the sale of wallboard products, with the United States being its largest market.

Recent achievements and ongoing projects further underscore GMS's industry leadership. The company continues to forge strategic partnerships and expand its product lines, ensuring it meets the evolving needs of its customer base. Financially, GMS remains strong, consistently delivering solid performance driven by its diverse product offering and expansive distribution network.

Rhea-AI Summary
GMS Inc. (NYSE: GMS) successfully completes the acquisition of Kamco Supply Corporation, a leading construction products supplier in the New York City area. The acquisition is expected to boost revenue and expand GMS's geographic footprint, providing growth opportunities and cost synergies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.66%
Tags
-
Rhea-AI Summary
GMS Inc. reports a 1.9% increase in net sales to $1.3 billion for the fiscal third quarter of 2024, with strong growth in multi-family and commercial sectors offsetting declines in single-family. Adjusted net income was $65.0 million, down from $78.3 million, and Adjusted EBITDA decreased by 9.1% to $128.0 million. The company's net debt leverage improved to 1.5 times. GMS remains optimistic about future growth, with strategic acquisitions and a strong product portfolio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.72%
Tags
-
Rhea-AI Summary
GMS Inc. (NYSE: GMS) to present at Raymond James 45th Annual Institutional Investors Conference on March 5, 2024. The presentation will be webcast live and available for replay for 180 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.56%
Tags
conferences
Rhea-AI Summary
GMS Inc. (NYSE:GMS) will release its fiscal third quarter financial results on February 29, 2024, followed by a conference call to discuss the results and recent events. The webcast will be available on the company's website for live and replay viewing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.66%
Tags
-
Rhea-AI Summary
GMS Inc. (NYSE: GMS) has expanded its board of directors to ten members and appointed Brad Southern as an independent director, effective January 19, 2024. Peter Browning will not stand for reelection at the 2024 Annual Meeting. Brad Southern brings extensive industry and financial expertise from his role as the CEO of Louisiana-Pacific Corporation and various leadership positions in other organizations. He holds a Masters of Forest Resources and a Bachelor of Science in Forest Resources from the University of Georgia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.42%
Tags
management
-
News
Rhea-AI Summary
GMS Inc. (NYSE: GMS) to Acquire Kamco Supply Corporation, Expanding Presence in Greater New York City Area
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.1%
Tags
Rhea-AI Summary
GMS Inc. (NYSE: GMS) reported financial results for the fiscal second quarter ended October 31, 2023. Net sales of $1.4 billion decreased 0.7%, with organic net sales down 3.1%. Net income of $81.0 million, or $1.97 per diluted share, decreased 21.5%. Adjusted EBITDA of $167.6 million decreased 14.3%. Cash provided by operating activities and free cash flow were up 10.1% and 5.8%, respectively. Despite single-family demand reductions, commercial and multi-family segments outperformed expectations, driving growth in these end markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.49%
Tags
-
Rhea-AI Summary
GMS Inc. (GMS) will release its financial results for its fiscal second quarter ended October 31, 2023, before the market opens on the New York Stock Exchange on Thursday, December 7, 2023. The company will hold a conference call at 8:30 a.m. eastern time to review financial results, discuss recent events, and conduct a question-and-answer session. The conference call and accompanying slide presentation will be available on the Company’s website. Participants can join the telephone conference call by dialing in at least five minutes prior to the start time. Domestic and international playback options are also available until January 7, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.36%
Tags
-
Rhea-AI Summary
GMS Inc. (NYSE: GMS) will present at the Stephens Annual Investment Conference on November 14, 2023, at 3:00 PM central time. The presentation will be webcast live on the Company’s website and available for replay for approximately 180 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
Tags
conferences
Rhea-AI Summary
GMS Inc. announces acquisition of AMW Construction Supply, two new greenfield yards, and two new AMES store locations as part of its growth strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.84%
Tags

FAQ

What is the current stock price of GMS (GMS)?

The current stock price of GMS (GMS) is $86.01 as of December 20, 2024.

What is the market cap of GMS (GMS)?

The market cap of GMS (GMS) is approximately 3.3B.

What does GMS Inc. specialize in?

GMS Inc. specializes in the distribution of gypsum wallboard, acoustical ceiling products, and other specialty building materials.

How extensive is GMS Inc.'s network?

GMS Inc. operates in 34 states with a network of 37 subsidiary partners and over 150 distribution centers.

When was GMS Inc. founded?

GMS Inc. was founded in 1971.

What markets does GMS Inc. serve?

GMS Inc. serves commercial new construction, commercial repair and remodel, residential new construction, and residential repair and remodel (R&R) markets.

What types of products does GMS Inc. offer?

GMS Inc. offers over 10,000 unique products including gypsum wallboard, acoustical ceiling products, FRP boards, metal framing, insulation, and more.

What is the primary source of GMS Inc.'s revenue?

The primary source of GMS Inc.'s revenue is from the sale of wallboard products.

Which region generates the most revenue for GMS Inc.?

The United States generates the most revenue for GMS Inc.

What is the cornerstone of GMS Inc.'s business model?

Exceptional customer service is the cornerstone of GMS Inc.'s business model.

Does GMS Inc. operate internationally?

Yes, GMS Inc. operates in Canada as well as multiple regions in the United States.

What recent achievements has GMS Inc. accomplished?

GMS Inc. continues to forge strategic partnerships and expand its product lines to meet evolving customer needs.

GMS Inc.

NYSE:GMS

GMS Rankings

GMS Stock Data

3.35B
38.55M
0.68%
102.99%
2.95%
Building Products & Equipment
Wholesale-lumber & Other Construction Materials
Link
United States of America
TUCKER