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.
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.
GMS Inc. (NYSE: GMS) has announced a definitive agreement to acquire AMES Taping Tools Holding LLC for
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
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.
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