GMS reported a slight YoY sales increase for 3Q25, but faced a decline in gross profit and adjusted EBITDA due to soft market demand and weather disruptions.
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Recent acquisitions boosted overall sales, while the company cited a challenging market leading to continued organic declines.
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It extends what has already been a decade-long relationship, helping Kodaris enhance and scale its suite of enterprise features.
GMS' organic sales declined in 1Q25, and it added Florida-based R.S. Elliot Specialty Supply earlier in August.
The distributor saw sequential improvement in 4Q as volume growth across major product lines was partially offset by steel price deflation.
In GMS' third deal of the year, the specialty building products distributor will add Yvon Building Supply and its affiliate companies.
Pomona, CA-based Howard & Sons distributes a range of wallboard and steel framing products in Southern California.
More than a handful of MDM’s Top Distributors were well-represented on the third annual feature.
The addition of building materials distributor Kamco Supply expands GMS' wallboard distribution and geographic footprint.
The specialty building products distributor saw gross margin improve 40 bps year-over-year, though EBITDA fell by a larger margin.
Building products distributor GMS will establish a greater presence in the New York metro market with the acquisition of Kamco Supply.
The specialty building products distributor GMS said its net sales, income and EBITDA results were ahead of previous expectations.
Tool and fastener distributor AMW will operate under its legacy name and will further support GMS’s existing presence in the Phoenix market.
The announcement comes just a few short days after the company published its inaugural sustainability report.
Specialty building products distributor GMS outlined its commitments to environmental, social, and governance practices.
For its full fiscal 2023 year, the company reported net sales of more than $5.3 billion, a 15% increase over fiscal 2023.
Home Lumber is GMS's fourth acquisition of 2023.
GMS said in its announcement that expanding its footprint, scale and product offerings remain top priorities for the company.
Net sales increased 7% year-over-year in 3Q, down significantly from 2Q sales growth of 24.4%.
GMS has added several material-handling trucks equipped with battery-powered hydraulic cranes to its distribution fleet.
