GMS Inc. distributes wallboards, suspended ceilings systems, and complementary building products in the United States and Canada. The company offers ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings. It also provides steel framing products, such as steel tracks, studs, and various other steel products used to frame the interior walls of a commercial or institutional building; and insulation, lumber and other wood products, ready-mix joint compound, and various other interior construction products, as well as ancillary products comprising tools, fasteners, and safety products. In addition, the company distributes acoustical ceilings, insulation, and related building products, as well as commercial and residential building materials. It serves wallboard and ceilings contractors and homebuilders, general contractors, and individuals. As of April 30, 2021, the company operated 268 branches across 44 states and the District of Columbia, as well as 6 provinces in Canada. It also operates a network of approximately 265 distribution centers. The company was formerly known as GYP Holdings I Corp. and changed its name to GMS Inc. in July 2015. GMS Inc. was founded in 1971 and is headquartered in Tucker, Georgia.
IPO Year: 2016
Exchange: NYSE
Website: gms.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/26/2024 | $97.00 | Buy → Neutral | DA Davidson |
| 8/23/2023 | $82.00 | Buy | DA Davidson |
| 12/9/2022 | $52.00 → $60.00 | Buy → Hold | Loop Capital |
| 9/7/2022 | $50.00 → $46.00 | Buy → Hold | Truist |
| 6/22/2022 | $73.00 → $46.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 3/18/2022 | $62.00 | Buy | Loop Capital |
| 12/6/2021 | $72.00 | Market Perform → Outperform | Raymond James |
| 12/3/2021 | $61.00 → $68.00 | Outperform | RBC Capital |
| 12/3/2021 | $56.00 → $61.00 | Equal-Weight | Barclays |
| 9/8/2021 | $49.00 → $56.00 | Equal-Weight | Barclays |
144 - GMS Inc. (0001600438) (Subject)
8-K - GMS Inc. (0001600438) (Filer)
10-Q - GMS Inc. (0001600438) (Filer)
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8-K - GMS Inc. (0001600438) (Filer)
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DA Davidson downgraded GMS from Buy to Neutral and set a new price target of $97.00
DA Davidson initiated coverage of GMS with a rating of Buy and set a new price target of $82.00
Loop Capital downgraded GMS from Buy to Hold and set a new price target of $60.00 from $52.00 previously
Truist downgraded GMS from Buy to Hold and set a new price target of $46.00 from $50.00 previously
RBC Capital Mkts downgraded GMS from Outperform to Sector Perform and set a new price target of $46.00 from $73.00 previously
Loop Capital initiated coverage of GMS with a rating of Buy and set a new price target of $62.00
Raymond James upgraded GMS from Market Perform to Outperform and set a new price target of $72.00
RBC Capital reiterated coverage of GMS with a rating of Outperform and set a new price target of $68.00 from $61.00 previously
Barclays reiterated coverage of GMS with a rating of Equal-Weight and set a new price target of $61.00 from $56.00 previously
Barclays reiterated coverage of GMS with a rating of Equal-Weight and set a new price target of $56.00 from $49.00 previously
Pricing Resilience Despite Declining End Market Demand GMS Inc. (NYSE:GMS), a leading North American specialty building products distributor, today reported financial results for the fiscal third quarter ended January 31, 2025. Third Quarter Fiscal 2025 Highlights (Comparisons are to the third quarter of fiscal 2024) Net sales of $1.3 billion increased 0.2%; organic net sales decreased 6.7%. Net loss of $21.4 million, or $0.55 per diluted share, including a $42.5 million non-cash goodwill impairment charge, decreased from net income of $51.9 million, or $1.28 per diluted share. Adjusted net income of $36.2 million, or $0.92 per diluted share, decreased from $68.8 million, or $1.70
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, 2025 before the market opens on the New York Stock Exchange on Thursday, March 6, 2025. 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. Webcast 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 listen to the live broadcast, go to the site at least t
Continued Resilience in Wallboard Pricing Offset by Softening End Market Demand, Year-Over-Year Steel Price Deflation and Hurricane-Related Impacts Share Repurchase Authorization Renewed GMS Inc. (NYSE:GMS), a leading North American specialty building products distributor, today reported financial results for the fiscal second quarter ended October 31, 2024. Second Quarter Fiscal 2025 Highlights (Comparisons are to the second quarter of fiscal 2024) Net sales of $1.5 billion increased 3.5%; organic net sales decreased 4.6%. Net income of $53.5 million, or $1.35 per diluted share, decreased from net income of $81.0 million, or $1.97 per diluted share; Net income margin declined
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, 2024 before the market opens on the New York Stock Exchange on Thursday, December 5, 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. Webcast 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 listen to the live broadcast, go to the site at lea
Company Reports Volume Gains and Resilient Wallboard Pricing Amid Softening End Market Demands and Continued Steel Price Deflation Announces Acquisition of R.S. Elliott Specialty Supply, Providing a Platform for Further Complementary Products Expansion Across the Southeast GMS Inc. (NYSE:GMS), a leading North American specialty building products distributor, today reported financial results for the fiscal first quarter ended July 31, 2024. First Quarter Fiscal 2025 Highlights (Comparisons are to the first quarter of fiscal 2024) Net sales of $1.4 billion increased 2.8%; organic net sales decreased 2.2%. Volume growth across all four major product categories, inclusive of acqui
GMS Inc. (NYSE:GMS), a leading North American specialty building products distributor, announced today that it will participate in the following upcoming investor conferences: Jefferies Industrials Conference, September 4, 2024, New York, NY – The Company will host a presentation at 7:30 AM ET. A live webcast of the presentation will be accessible on the Investors section of the Company's website at www.gms.com and an archived replay will be available for approximately 90 days. In addition, the Company will host in-person investor meetings. Zelman's 2024 Housing Summit, September 12, 2024, Boston, MA – The Company will host in-person investor meetings. D.A. Davidson's 23rd Annual D
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 the fiscal quarter ended July 31, 2024 before the market opens on the New York Stock Exchange on Thursday, August 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. Webcast 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 listen to the live broadcast, go to the site at least ten minu
GMS Inc. (NYSE:GMS), a leading North American specialty building products distributor, today announced the successful completion of its previously disclosed acquisition of Yvon Building Supply Inc. together with its affiliates, Yvon Insulation Corporation, Yvon Insulation Windsor, Laminated Glass Technologies, Inc., and Right Fit Foam Insulation Ltd. (collectively "Yvon"), a leading distributor of building supplies in the Ontario, Canada market. "As we highlighted during our recent earnings conference call for the fourth quarter and full year fiscal 2024, we are pleased to enhance our service and product offerings in the Greater Toronto market with the successful completion of this transa
Volume Growth Across All Four Major Product Categories Drove Record Levels of Full Year Net Sales and Strong Cash Flow GMS Inc. (NYSE:GMS), a leading North American specialty building products distributor, today reported financial results for the fourth quarter and fiscal year ended April 30, 2024. Fourth Quarter Fiscal 2024 Highlights (Comparisons are to the fourth quarter of fiscal 2023 unless otherwise noted) Net sales of $1,413.0 million increased 8.4% as volume growth across the major product lines was partially offset by Steel price deflation; organic net sales increased 4.0%. On a per day basis, net sales were up 6.7% and organic net sales increased 2.4%. Net income of $5
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 the fiscal quarter and fiscal year ended April 30, 2024 before the market opens on the New York Stock Exchange on Thursday, June 20, 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. Webcast 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 listen to the live broadcast, go to the site at
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. Mr. Southern will serve on the board's Human Capital Management and Compensation Committee and the Nominating and Corporate Governance Committee. In addition, GMS announced that Peter Browning will not stand for reelection to the GMS board at the 2024 Annual Meeting of Stockholders. Since 2017, Mr. Southern has held the position of Chief Executive Officer and member of the Board at Louisiana-Pacific Corp
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Pricing Resilience Despite Declining End Market Demand GMS Inc. (NYSE:GMS), a leading North American specialty building products distributor, today reported financial results for the fiscal third quarter ended January 31, 2025. Third Quarter Fiscal 2025 Highlights (Comparisons are to the third quarter of fiscal 2024) Net sales of $1.3 billion increased 0.2%; organic net sales decreased 6.7%. Net loss of $21.4 million, or $0.55 per diluted share, including a $42.5 million non-cash goodwill impairment charge, decreased from net income of $51.9 million, or $1.28 per diluted share. Adjusted net income of $36.2 million, or $0.92 per diluted share, decreased from $68.8 million, or $1.70
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, 2025 before the market opens on the New York Stock Exchange on Thursday, March 6, 2025. 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. Webcast 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 listen to the live broadcast, go to the site at least t
Continued Resilience in Wallboard Pricing Offset by Softening End Market Demand, Year-Over-Year Steel Price Deflation and Hurricane-Related Impacts Share Repurchase Authorization Renewed GMS Inc. (NYSE:GMS), a leading North American specialty building products distributor, today reported financial results for the fiscal second quarter ended October 31, 2024. Second Quarter Fiscal 2025 Highlights (Comparisons are to the second quarter of fiscal 2024) Net sales of $1.5 billion increased 3.5%; organic net sales decreased 4.6%. Net income of $53.5 million, or $1.35 per diluted share, decreased from net income of $81.0 million, or $1.97 per diluted share; Net income margin declined
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, 2024 before the market opens on the New York Stock Exchange on Thursday, December 5, 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. Webcast 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 listen to the live broadcast, go to the site at lea
Company Reports Volume Gains and Resilient Wallboard Pricing Amid Softening End Market Demands and Continued Steel Price Deflation Announces Acquisition of R.S. Elliott Specialty Supply, Providing a Platform for Further Complementary Products Expansion Across the Southeast GMS Inc. (NYSE:GMS), a leading North American specialty building products distributor, today reported financial results for the fiscal first quarter ended July 31, 2024. First Quarter Fiscal 2025 Highlights (Comparisons are to the first quarter of fiscal 2024) Net sales of $1.4 billion increased 2.8%; organic net sales decreased 2.2%. Volume growth across all four major product categories, inclusive of acqui
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 the fiscal quarter ended July 31, 2024 before the market opens on the New York Stock Exchange on Thursday, August 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. Webcast 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 listen to the live broadcast, go to the site at least ten minu
GMS Inc. (NYSE:GMS), a leading North American specialty building products distributor, today announced the successful completion of its previously disclosed acquisition of Yvon Building Supply Inc. together with its affiliates, Yvon Insulation Corporation, Yvon Insulation Windsor, Laminated Glass Technologies, Inc., and Right Fit Foam Insulation Ltd. (collectively "Yvon"), a leading distributor of building supplies in the Ontario, Canada market. "As we highlighted during our recent earnings conference call for the fourth quarter and full year fiscal 2024, we are pleased to enhance our service and product offerings in the Greater Toronto market with the successful completion of this transa
Volume Growth Across All Four Major Product Categories Drove Record Levels of Full Year Net Sales and Strong Cash Flow GMS Inc. (NYSE:GMS), a leading North American specialty building products distributor, today reported financial results for the fourth quarter and fiscal year ended April 30, 2024. Fourth Quarter Fiscal 2024 Highlights (Comparisons are to the fourth quarter of fiscal 2023 unless otherwise noted) Net sales of $1,413.0 million increased 8.4% as volume growth across the major product lines was partially offset by Steel price deflation; organic net sales increased 4.0%. On a per day basis, net sales were up 6.7% and organic net sales increased 2.4%. Net income of $5
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 the fiscal quarter and fiscal year ended April 30, 2024 before the market opens on the New York Stock Exchange on Thursday, June 20, 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. Webcast 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 listen to the live broadcast, go to the site at
Volume Growth Across All Four Major Product Categories Amid High Levels of Multi-Family And Commercial Activity Coupled With Improving Single-Family Demand 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. Third Quarter Fiscal 2024 Highlights (Comparisons are to the third quarter of fiscal 2023) Net sales of $1.3 billion increased 1.9%; organic net sales decreased 0.2%. U.S. Wallboard volume growth of 12.7% in multi-family and 7.9% in commercial helped offset a 2.3% decline in single-family. Net income of $51.9 million, or $1.28 per diluted share, compare