NYSE:GMS | Jotup

GMS Supplements Its Service Area and Product Offerings in Southern California with the Acquisition of Howard & Sons Building Materials

Retrieved on:

Wednesday, May 1, 2024

Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Acquisition, GMS, Howard & Sons

GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, today announced the continuing execution of its strategic growth priorities with the acquisition of a single-location distributor of building products in Southern California.

Key Points:

GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, today announced the continuing execution of its strategic growth priorities with the acquisition of a single-location distributor of building products in Southern California.
On May 1, 2024, GMS acquired Howard & Sons Building Materials, Inc., which distributes Wallboard, Steel Framing and Complementary Products from a single location in Pomona, California.
With established strong manufacturer partnerships, Howard & Sons offers a wide array of products to its customer base in Southern California.
Founded in 1971, GMS operates a network of over 300 distribution centers with extensive product offerings of wallboard, ceilings, steel framing and complementary construction products.

GMS Completes the Acquisition of Kamco Supply Corporation

Retrieved on:

Monday, March 4, 2024

Other Retail, Manufacturing, Construction & Property, Building Systems, Forest Products, Natural Resources, Other Manufacturing, Retail, Steel, Home Goods, Other Construction & Property, Acquisition, Growth, GMS, Hand

GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, today announced the successful completion of its previously disclosed acquisition of Kamco Supply Corporation (“Kamco”), a leading supplier of ceilings, wallboard, steel, lumber and other complementary construction products in the New York City metropolitan area.

Key Points:

GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, today announced the successful completion of its previously disclosed acquisition of Kamco Supply Corporation (“Kamco”), a leading supplier of ceilings, wallboard, steel, lumber and other complementary construction products in the New York City metropolitan area.
“As we highlighted during our fiscal third quarter 2024 earnings report, we are pleased to complete this meaningful expansion into the New York City market and to welcome the Kamco team to GMS,” said John C. Turner, Jr., President and Chief Executive Officer of GMS.
“Aligned with the values of GMS, the Kamco team of respected professionals has a long tradition of providing outstanding customer service while offering a robust suite of products.
GMS funded the $321.5 million purchase price with cash on hand and available borrowings on its revolving credit facility.

GMS Reports Third Quarter Fiscal 2024 Results

Retrieved on:

Thursday, February 29, 2024

Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Base rate, Share repurchase, Term loan, Growth, GMS, Calendar, Adjustment, Turner, Steel

GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, today reported financial results for the fiscal third quarter ended January 31, 2024.

Key Points:

GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, today reported financial results for the fiscal third quarter ended January 31, 2024.
Single-family is also expected to show year-over-year growth for the fourth quarter as lower interest rates have resulted in higher activity levels.”
Net sales for the third quarter of fiscal 2024 of $1.3 billion increased 1.9% as compared with the prior year quarter.
For the third quarter of fiscal 2024, cash provided by operating activities was $104.3 million, compared to $134.1 million in the prior year period.
GMS will host a conference call and webcast to discuss its results for the third quarter of fiscal 2024 ended January 31, 2024 and other information related to its business at 8:30 a.m. Eastern Time on Thursday, February 29, 2024.

GMS to Present at the Raymond James 45th Annual Institutional Investors Conference

Retrieved on:

Tuesday, February 27, 2024

Other Manufacturing, Commercial Building & Real Estate, Textiles, Construction & Property, Steel, Manufacturing, Building Systems, Other Construction & Property, Residential Building & Real Estate, GMS, Conference

GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, is scheduled to present at the Raymond James 45th Annual Institutional Investors Conference on Tuesday, March 5, 2024 at 3:25 PM Eastern Time.

Key Points:

GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, is scheduled to present at the Raymond James 45th Annual Institutional Investors Conference on Tuesday, March 5, 2024 at 3:25 PM Eastern Time.
The presentation will be webcast live on the Investors section of the Company’s website at www.gms.com and an archived replay will be available for approximately 180 days.

GMS Announces Date for Third Quarter Fiscal Year 2024 Earnings Release and Conference Call

Retrieved on:

Thursday, February 15, 2024

Building Systems, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, GMS, Conference, Webcast

GMS Inc. (NYSE:GMS) (the “Company”), a leading North American specialty distributor of building products, announced today that it will release its financial results for its fiscal third quarter ended January 31, 2024 before the market opens on the New York Stock Exchange on Thursday, February 29, 2024.

Key Points:

GMS Inc. (NYSE:GMS) (the “Company”), a leading North American specialty distributor of building products, announced today that it will release its financial results for its fiscal third quarter ended January 31, 2024 before the market opens on the New York Stock Exchange on Thursday, February 29, 2024.
A conference call will be held that same day 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 under “News & Events” in the “Investors” section of the Company’s website at www.gms.com .
To Participate in the Telephone Conference Call:
Dial in at least five minutes prior to start time.

GMS Appoints Brad Southern to the Board of Directors

Retrieved on:

Tuesday, January 23, 2024

Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Senior, GMS, LP, Louisiana-Pacific, MacMillan Bloedel, Keller Group, Shareholder, University, Compensated emancipation, Retirement, Federal Reserve Bank, The Land Trust, Management

GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, announced today an increase in the size of the board of directors from nine to ten directors and the appointment of Brad Southern to serve as an independent director for GMS, effective January 19, 2024.

Key Points:

GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, announced today an increase in the size of the board of directors from nine to ten directors and the appointment of Brad Southern to serve as an independent director for GMS, effective January 19, 2024.
In addition, GMS announced that Peter Browning will not stand for reelection to the GMS board at the 2024 Annual Meeting of Stockholders.
Mr. Southern currently serves as LP's Chairman of the board of directors.
“I’d like to welcome Brad to the board of directors for GMS, Inc.,” said John J. Gavin, GMS’s non-executive Chair.

GMS to Acquire Kamco Supply Corporation

Retrieved on:

Thursday, December 21, 2023

GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, today announced that it has entered into an agreement to acquire Kamco Supply Corporation and affiliates (“Kamco” or the “Company”).

Key Points:

GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, today announced that it has entered into an agreement to acquire Kamco Supply Corporation and affiliates (“Kamco” or the “Company”).
The transaction is expected to close during the fourth quarter of fiscal 2024 for GMS, which ends on April 30, 2024.
John C. Turner, Jr., President, and Chief Executive Officer of GMS, said, “Kamco is a long-established leader in the building materials industry with an experienced and successful team.
GMS expects to capitalize on cross-selling opportunities with Kamco and GMS’s other operations in the region, including the recently acquired Tanner Bolt and Nut, Inc. business.

GMS Reports Second Quarter Fiscal 2024 Results

Retrieved on:

Thursday, December 7, 2023

GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, today reported financial results for the fiscal second quarter ended October 31, 2023.

Key Points:

GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, today reported financial results for the fiscal second quarter ended October 31, 2023.
Net debt leverage was 1.5 times as of the end of the quarter, down from 1.6 times at the end of the second quarter of fiscal 2023.
For the second quarter of fiscal 2024, cash provided by operating activities improved to $118.1 million, compared to cash provided by operating activities of $107.3 million in the prior year period.
GMS will host a conference call and webcast to discuss its results for the second quarter of fiscal 2024 ended October 31, 2023 and other information related to its business at 8:30 a.m. Eastern Time on Thursday, December 7, 2023.

GMS Announces Date for Second Quarter Fiscal Year 2024 Earnings Release and Conference Call

Retrieved on:

Tuesday, November 21, 2023

Building Systems, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Webcast, GMS, NYSE, Conference

GMS Inc. (NYSE:GMS) (the “Company”), a leading North American specialty distributor of building products, announced today that it 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.

Key Points:

GMS Inc. (NYSE:GMS) (the “Company”), a leading North American specialty distributor of building products, announced today that it 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.
A conference call will be held that same day 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 under “News & Events” in the “Investors” section of the Company’s website at www.gms.com .
To Participate in the Telephone Conference Call:
Dial in at least five minutes prior to start time.

GMS to Present at the Stephens Annual Investment Conference

Retrieved on:

Tuesday, November 7, 2023

Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Conference, NYSE, GMS, Maintenance (technical), Self storage, Cryptocurrency

GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, is scheduled to present at the Stephens Annual Investment Conference on Tuesday, November 14, 2023 at 3:00 PM central time (or 4:00 PM eastern time).

Key Points:

GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, is scheduled to present at the Stephens Annual Investment Conference on Tuesday, November 14, 2023 at 3:00 PM central time (or 4:00 PM eastern time).
The presentation will be webcast live on the Investors section of the Company’s website at www.gms.com and an archived replay will be available for approximately 180 days.