GMS Inc. (NYSE: GMS), Tucker, Ga., a North American specialty building products distributor, sales for the fiscal year ended April 30, 2023, were $5.3 billion, up 15% from the prior year. Organic sales were up 12.7%.
Profit was $333 million.
In its fiscal 2023, GMS completed four acquisitions, opened six greenfield yard locations and added 11 AMES stores to its portfolio.
In the fiscal fourth quarter, sales were $1.3 billion, up 1.2%; organic sales were up 0.7%. Profit was $75.6 million.
“Our scale and balanced mix of products and customers enabled us to capitalize on strong demand in multi-family residential and continued growth in commercial,” said John C. Turner Jr., president and CEO. “These demand tailwinds, coupled with favorable pricing in wallboard, ceilings and complementary products, contributed to our record results despite significantly lower steel prices and soft single-family residential activity in the back half of our fiscal year.”