GMS Inc. (NYSE: GMS), Tucker, Ga., a North American specialty building products distributor, reported sales for the fiscal first quarter ended July 31, 2024, were $1.4 billion, up 2.8% from the first quarter of 2024. Organic sales decreased 2.2%.
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First-quarter sales by category:
- Wallboard sales were $587.9 million, up 2.9%
- Ceilings sales were $207.2 million, up 18.2%
- Steel framing sales were $209.9 million, a decrease of 11.4%
- Complementary product sales were $443.5 million, up 4.1%
Recent acquisitions, including Howard & Son Building Materials Inc. and Yvon Building Supply, helped drive growth in all four major product categories. Year-over-year steel price deflation offset growth.
Profit was $57.2 million for the first quarter.
