GMSNYSE: GMS

GMS' first-quarter fiscal 2025 results reflect improving volume trends and favorable pricing. Yet, increased costs and steel price deflation hurt.

Declining multi-family and commercial demand patterns are likely to be reflected in GMS' fiscal Q1 results.

TUCKER, Ga.--(BUSINESS WIRE)--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.

GMS' fourth-quarter fiscal 2024 earnings reflect steel price deflation despite volume growth across the major product lines.

TUCKER, Ga.--(BUSINESS WIRE)--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.

GMS Inc. (NYSE:GMS ) Q4 2024 Earnings Conference Call June 20, 2024 8:30 AM ET Company Participants Carey Phelps - VP, IR John Turner - President and CEO Scott Deakin - SVP and CFO Conference Call Participants Noah Merkousko - Stephens Matthew Bouley - Barclays David Manthey - Baird Brian Biros - Thompson Research Group Mike Dahl - RBC Capital Markets Jeffrey Stevenson - Loop Capital Markets Operator Greetings, and welcome to the GMS, Inc., Fourth Quarter Fiscal Year 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

GMS' fourth-quarter fiscal 2024 results are likely to portray higher sales throughout its product category. Yet, high expenses are likely to mar the bottom line.

GMS plans to increase its presence in Canada through the purchase of Yvon Building Supply for CAD$196.5 million.

GMS Inc., a top distributor of specialty building products in North America, has agreed to acquire Yvon Building Supply, Inc., Yvon Insulation Corporation, Yvon Insulation Windsor, Laminated Glass Technologies, Inc., and Right Fit Foam Insulation Ltd. for a total purchase price of up to CAD$196.5 million.