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. Read More
U.S. stock futures are up Monday morning, but only marginally as tensions continue to flare in the Middle East, following American airstrikes on Iranian nuclear facilities over the weekend.
Shares of building materials distributor GMS (NYSE:GMS) jumped 26.2% in the afternoon session after Home Depot joined QXO in a bidding war to acquire the company.
Let's have a look at what is happening on the US markets in the middle of the day on Friday. Below you can find the top gainers and losers in today's session.
The session on Friday is off to an intriguing start with several stocks showing significant price gaps. Let's examine the gap up and gap down stocks in today's session.
While many analysts on Wall Street have raised their price targets on GMS after The Wall Street Journal’s report that Home Depot may have submitted a competing bid against QXO, RBC Capital said the lack of details “raises questions.”
GMS Inc. (NYSE: GMS) (the “Company”), a leading North American specialty building products distributor, confirmed that it has received an unsolicited proposal from QXO, Inc. (“QXO”) to acquire all outstanding shares of GMS for $95.20 per share in cash.
Building materials distributor GMS (NYSE:GMS) reported Q1 CY2025 results exceeding the market’s revenue expectations, but sales fell by 5.6% year on year to $1.33 billion. Its non-GAAP profit of $1.29 per share was 15.9% above analysts’ consensus estimates.
Shares of building materials distributor GMS (NYSE:GMS) jumped 12.8% in the morning session after the company reported strong first quarter 2025 (fiscal Q4) results which beat Wall Street's sales, operating income, and earnings per share estimates.
GMS Inc. (NYSE: GMS) announced Q4 fiscal 2025 results above analyst expectations with adjusted EPS of $1.29 and net sales of $1.33 billion, despite a decline in end-market conditions.
Building materials distributor GMS (NYSE:GMS) reported Q1 CY2025 results topping the market’s revenue expectations, but sales fell by 5.6% year on year to $1.33 billion. Its non-GAAP profit of $1.29 per share was 15.9% above analysts’ consensus estimates.
