GMS Buys Kamco for $321.5M, Expects Cost & Revenue Synergies [Yahoo! Finance]
GMS Inc. (GMS)
Last gms inc. earnings: 3/5 06:00 am
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Source: Yahoo! Finance
Brooklyn, NY-based Kamco is a leading supplier of ceilings, wallboard, steel, lumber and other related construction products. It operates five distribution facilities located in the Greater New York City area and services the New York metro and tri-state area. For the trailing 12 months (which ended on Dec 31, 2023), Kamco generated revenues of approximately $235 million from its four established distribution facilities and recently opened Bronx greenfield. GMS expects to capitalize on cross-selling opportunities with Kamco and other businesses. The recent expansion in the Wallboard and Complementary product lines presents compelling opportunities for GMS to better capitalize on potential growth in the market and provide an even higher level of service to customers. Meanwhile, GMS believes the Bronx location will meaningfully add to Kamco's top-line growth as its operations mature. GMS expects this transaction to generate both cost and revenue synergies in the future through th
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GMS
News
- GMS Inc. (NYSE: GMS) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- GMS (NYSE:GMS) sheds 5.7% this week, as yearly returns fall more in line with earnings growth [Yahoo! Finance]Yahoo! Finance
- GMS Inc. (NYSE: GMS) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- GMS Inc. (NYSE: GMS) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- GMS Inc. (NYSE: GMS) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
GMS
Earnings
- 2/29/24 - Miss
GMS
Sec Filings
- 3/28/24 - Form 4
- 3/27/24 - Form 144
- 3/22/24 - Form 4
- GMS's page on the SEC website