GMS Inc.

Equities

GMS

US36251C1036

Construction Supplies & Fixtures

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
92.89 ^USD	+0.04%		+2.93%	+12.69%

Mar. 28	Gms Insider Sold Shares Worth $1,931,400, According to a Recent SEC Filing	MT
Mar. 22	Gms Insider Sold Shares Worth $1,018,355, According to a Recent SEC Filing	MT

GMS Inc. to Seek M&A

February 29, 2024 at 08:30 am EST

GMS Inc. (NYSE:GMS) will look for M&A opportunities. During Third Quarter 2024 Earnings Conference Call John Turner President and Chief Executive Officer said, "Finally, our fourth strategic pillar is to expand our platform through accretive acquisition and greenfield opportunities. During the third quarter, we opened 3 new greenfields, and we continue to focus on M&A to drive growth, with attractive opportunities in both our core and complementary businesses".

Scott Deakin Senior Vice President and Chief Financial Officer said, "Looking forward, we expect to maintain our balanced approach to capital allocation as we intend to continue to invest in the business, seek additional M&A opportunities and opportunistically leverage favorable market conditions to repurchase shares".

Latest news about GMS Inc.

Gms Insider Sold Shares Worth $1,931,400, According to a Recent SEC Filing	Mar. 28	MT
Gms Insider Sold Shares Worth $1,018,355, According to a Recent SEC Filing	Mar. 22	MT
Gms Insider Sold Shares Worth $611,436, According to a Recent SEC Filing	Mar. 22	MT
Barclays Adjusts GMS' Price Target to $93 From $75, Maintains Equalweight Rating	Mar. 05	MT
Truist Adjusts Price Target on GMS to $88 From $72, Maintains Hold Rating	Mar. 01	MT
RBC Raises Price Target on GMS to $92 From $84 on Pending Kamco Acquisition, 'Stronger' Pricing; Sector Perform Kept	Mar. 01	MT
GMS Inc. completed the acquisition of Kamco Supply Corporation from Swerdlick family.	Feb. 29	CI
Tranche Update on GMS Inc.'s Equity Buyback Plan announced on October 20, 2023.	Feb. 29	CI
GMS' Fiscal Q3 Adjusted Earnings Fall, Net Sales Rise	Feb. 29	MT
GMS Inc. to Seek M&A	Feb. 29	CI
Transcript : GMS Inc., Q3 2024 Earnings Call, Feb 29, 2024	Feb. 29
Earnings Flash (GMS) GMS Posts Q3 Revenue $1.26B, vs. Street Est of $1.26B	Feb. 29	MT
Earnings Flash (GMS) GMS Reports Q3 EPS $1.60, vs. Street Est of $1.62	Feb. 29	MT
GMS Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2024	Feb. 29	CI
Stephens Raises GMS' Price Target to $98 From $87, Maintains Overweight Rating	Jan. 26	MT
GMS Inc. Announces Board Changes	Jan. 23	CI
RBC Raises Price Target on GMS to $84 From $70, Keeps Sector Perform Rating	Jan. 12	MT
Gms Insider Sold Shares Worth $272,320, According to a Recent SEC Filing	Jan. 10	MT
Gms Insider Sold Shares Worth $354,351, According to a Recent SEC Filing	Jan. 10	MT
Gms Insider Sold Shares Worth $3,813,119, According to a Recent SEC Filing	Jan. 04	MT
Gms Insider Sold Shares Worth $1,841,911, According to a Recent SEC Filing	Jan. 04	MT
Gms Insider Sold Shares Worth $2,456,204, According to a Recent SEC Filing	Jan. 04	MT
Gms Insider Sold Shares Worth $608,137, According to a Recent SEC Filing	Dec. 29	MT
GMS Inc. entered into an agreement to acquire Kamco Supply Corporation from Swerdlick family.	Dec. 20	CI
Raymond James Raises Price Target on GMS to $85 From $82, Keeps Outperform Rating	Dec. 11	MT

Chart GMS Inc.

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Company Profile

GMS Inc. is a specialty building products distributor. The Company, through its subsidiaries, operates a network of approximately 300 distribution centers with product offerings of wallboard, ceilings, steel framing, and complementary construction products. The Company also operates approximately 100 tool sales, rental, and service centers. Through these operations, the Company provides a selection of building products and solutions for its residential and commercial contractor customer base across the United States and Canada. It also provides automatic taping and finishing (ATF) tools and related products to the professional drywall finishing industry. The Company offers its customers complementary products, including tools and fasteners, insulation, external insulation and finishing systems (EIFS), stucco, lumber and other wood products, ready-mix joint compound, and safety products. The Company also distributes its products through e-commerce platforms.

Sector

Construction Supplies & Fixtures

Calendar

2024-06-05 - Annual General Meeting

Related indices

Russell 2000

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Ratings for GMS Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

92.89 USD

Average target price

102.2 USD

Spread / Average Target

+9.97%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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