GMS INC Aktie

 

QXO Inc. won't raise its $5 billion offer for building products distributor GMS Inc. after Home Depot Inc. reportedly made its own bid....

No Shareholder Action Required at This TimeTUCKER, Ga.--(BUSINESS WIRE)--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. Consistent with its fiduciary duties and in consultation with its independent legal and financial advisors, the GMS Board of Directors will carefully review and evaluate the unsolicited proposal to determine the course of action that it believes is in the best interests of the Company and all GMS shareholders. GMS does not intend to comment further on QXO's unsolicited proposal until the Board has completed its review. GMS shareholders do not need to take any action at this time. Jefferies LLC is acting as financial advisor and Alston & Bird LLP is acting as legal advisor to the Company. About GMS Inc. Founded in 1971, GMS operates a network of more than 320 distribution cente...

QXO Inc. said it sent a letter to GMS Inc. proposing to buy the building products distributor for about $5 billion....

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GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) today sent a proposal to the President and CEO of GMS Inc. (NYSE: GMS) to acquire all outstanding shares of GMS for $95.20 per share in cash. The proposal implies a total transaction value of approximately $5 billion and reflects a 27% premium over GMS's 60-day volume-weighted average price of $74.82. “Our all-cash proposal to acquire GMS for $95.20 per share delivers immediate and certain value to GMS shareholders at a meaningful premium,” said Brad Jacobs, Chairman and Chief Executive Officer of QXO. “We believe this is a compelling opportunity for GMS investors to realize the full value of their shares in a single, decisive transaction.” Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are acting as financial advisors to QXO, and Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal counsel. QXO sent the following letter to GMS's President and CEO today outlining the terms and rationale of the proposal: GMS, Inc. 100 Cresc...

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. read more...

Resilient Pricing Despite Challenging and Uncertain End Market Conditions; Additional Structural Cost Reductions RealizedTUCKER, 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 2025 ended April 30, 2025. Fourth Quarter Fiscal 2025 Highlights (Comparisons are to the fourth quarter of fiscal 2024 unless otherwise noted) Net sales of $1,333.8 million decreased 5.6%; organic net sales decreased 9.7%. On a per day basis, net sales were down 4.1% and organic net sales decreased 8.3%. Net income of $26.1 million decreased 53.7% from $56.4 million. Net income per diluted share of $0.67, compared to $1.39. Net income margin was 2.0% compared to 4.0%; Adjusted net income of $50.2 million, or $1.29 per diluted share, compared to $81.6 million, or $2.01 per diluted share. Adjusted EBITDA of $109.8 million compared to $146.6 million; Adjusted EBITDA margin was 8.2% compared to 10.4%. Ca...

TUCKER, Ga.--(BUSINESS WIRE)--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, 2025 before the market opens on the New York Stock Exchange on Wednesday, June 18, 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 ten minutes prior to the scheduled start time in order to register, download and install any necessary audio software. A replay of the webcast will also be available on the Company's website. To Participate in the Telephone Conference Call: Dial in at least five minutes pr...

Revenue trends remain negative as the company struggles to adjust to shrinking demand....

Turner, John C Jr - Vorstand - Tag der Transaktion: 2025-04-07...

Gilliam, Theron I. - Aufsichtsrat - Tag der Transaktion: 2025-04-01...

Pricing Resilience Despite Declining End Market Demand TUCKER, Ga.--(BUSINESS WIRE)--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 per diluted share. Adjusted EBITDA of $93.0 million decreased $35.0 million, or 27.3%. Cash provided by operating activities and free cash flow were $94.1 million and $83.1 million, respectively, compared to cash provided by operating activities and free cash flow of $104.3 million and $94.1 millio...

TUCKER, Ga.--(BUSINESS WIRE)--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 ten minutes prior to the scheduled start time in order to register, download and install any necessary audio software. A replay of the webcast will also be available on the Company's website. To Participate in the Telephone Conference Call: Dial in at least five minutes prior to st...

Hendren, George T. - Vorstand - Tag der Transaktion: 2024-11-11...

Turner, John C Jr - Vorstand - Tag der Transaktion: 2024-09-18...

Apolinsky, Craig D. - Vorstand - Tag der Transaktion: 2024-07-16...

GMS Inc reports results for the quarter ended in January - Earnings Summary...