Gms INC 8-K filings

The Home Depot, Inc. has finalized its acquisition of GMS Inc., with GMS becoming a wholly owned subsidiary and its shares delisted from the NYSE.

GMS Inc. announced its first quarter fiscal 2026 financial results, showing declines in net sales and net income, though consistent with expectations, while incurring costs for a pending merger with The Home Depot.

GMS Inc.'s subsidiary, GYP Holdings III Corp., has issued a conditional notice to redeem all outstanding 4.625% Senior Notes due 2029, contingent upon the consummation of its acquisition by The Home Depot, Inc.

GMS Inc. has entered into a definitive agreement to be acquired by The Home Depot's subsidiary, SRS Distribution, for $110.00 per share in cash, valuing the company at approximately $5.5 billion including net debt.

GMS Inc. confirmed it has received an unsolicited proposal from QXO, Inc. to acquire all outstanding shares for $95.20 per share in cash, which its Board will review.

GMS Inc. reported mixed financial results for Q4 and Full Year FY2025, marked by significant cost reductions, strategic acquisitions, and strong cash flow generation amidst persistent macroeconomic headwinds.

GMS Inc., a leading North American specialty building products distributor, announced a significant decrease in net income and adjusted EBITDA for both the fourth quarter and full fiscal year 2025, citing challenging end market conditions and steel price deflation.

GMS Inc. experienced a challenging third quarter in fiscal year 2025, marked by soft end market demand, declining steel prices, and a net loss of $21.4 million.

GMS Inc. faced challenges in Q3 FY2025 due to soft market demand and steel pricing, resulting in a net loss despite cost reduction efforts.

GMS Inc. reports a slight increase in net sales but a decrease in organic net sales and profitability for Q3 2025, driven by soft end market demand and steel pricing pressures.

GMS Inc. has updated its bylaws to include more detailed requirements for stockholder nominations of directors and proposals at stockholder meetings.

GMS Inc. saw a 3.5% increase in net sales to $1.5 billion in Q2 FY2025, but profitability was affected by hurricanes and softening demand in multi-family and commercial sectors.

GMS Inc. reported a 3.5% increase in net sales to $1.5 billion for the second quarter of fiscal 2025, but experienced a decline in net income and adjusted EBITDA due to softening end market demand, steel price deflation, and hurricane-related impacts.

GMS Inc. successfully held its 2024 Annual Meeting, electing nine directors, ratifying Ernst & Young as its auditor, and approving executive compensation on an advisory basis.

GMS Inc. presented its Q1 2025 results to investors, highlighting volume growth across all major product categories but also noting softening demand in some end markets and a decrease in profitability.

GMS Inc. experienced volume growth across all major product categories in Q1 FY2025, but faced challenges from softening demand in multi-family and commercial end markets, and deflationary pricing in steel framing.

GMS Inc. reported a 2.8% increase in net sales to $1.4 billion for the first quarter of fiscal 2025, alongside volume growth, but experienced a decline in net income and adjusted EBITDA due to softening market conditions and steel price deflation.

GMS Inc. saw an 8.4% increase in net sales to $1.41 billion in Q4 FY2024, driven by volume growth across all major product categories, despite deflationary pricing in steel framing.

GMS Inc. announced its fourth quarter and full year fiscal 2024 results, highlighting record net sales for the year driven by volume growth across all major product categories, despite significant steel price deflation.

GMS Inc.'s investor presentation outlines its strategic growth priorities, recent acquisition of Kamco Supply Corporation, and positive outlook for Q4 FY24.

GMS Inc. saw a 1.9% increase in net sales to $1.258 billion in Q3 2024, driven by volume growth across all major product categories, but experienced a decrease in net income and adjusted EBITDA compared to the prior year.

GMS Inc. saw a 1.9% increase in net sales to $1.3 billion in the third quarter of fiscal 2024, driven by volume growth across all major product categories, but experienced a decline in net income due to steel price deflation and increased operating expenses.

GMS Inc. has successfully amended its senior secured first lien term loan facility, reducing the applicable interest rates on outstanding borrowings.

GMS Inc. has appointed W. Bradley Southern as an independent director, while Peter C. Browning will retire from the board at the 2024 annual meeting.