GMS Inc is a leading distributor of building materials, specializing in gypsum wallboard, acoustical ceiling tiles, and other related products for commercial and residential construction
The company serves a diverse customer base, including contractors, builders, and construction supply companies, offering an extensive range of products that support a variety of construction projects. In addition to distribution, GMS Inc provides value-added services such as logistics and inventory management, helping customers streamline their operations and enhance project efficiency. With a strong network of locations across the United States and a commitment to quality and customer satisfaction, GMS Inc plays a vital role in the construction supply chain.
Over the last six months, GMS’s shares have sunk to $84.32, producing a disappointing 9.4% loss - a stark contrast to the S&P 500’s 7.7% gain. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the industrial distributors industry, including GMS (NYSEGMS) and its peers.
Building materials distributor GMS (NYSEGMS) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 3.5% year on year to $1.47 billion. Its non-GAAP profit of $2.02 per share was 7.8% below analysts’ consensus estimates.
GMS Inc. reported strong Q4 net sales of $1.413B, with organic growth of 4%, driven by volume growth. Adjusted EPS missed consensus, but EBITDA and cash flow remained solid.
Both the S&P 500 and Dow Jones Industrial Average ended Thursday at all-time closing highs, bolstering the case that this latest rally may still have legs. Here are stocks to keep an eye on amidst the market rally.
