GMS Inc. (NYSE: GMS), Tucker, Ga., a North American specialty building products distributor, reported sales for the fourth quarter ended April 30, 2024, were $1.4 billion, up 8.4% from the fourth quarter of 2023. Organic sales increased 4%.
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Fourth-quarter sales by category:
- Wallboard sales were $586.1 million, up 7.6%
- Ceilings sales were $188.9 million, up 21.7%
- Steel framing sales were $220.5 million, a decrease of 1.5%
- Complementary product sales were $417.6 million, up 9.8%
This was the first quarter of positive year-over-year growth in single-family wallboard volume since the fall of 2022. The volume growth was offset by year-over-year steel price deflation.
Fiscal 2024 sales were $5.5 billion, an increase of 3.2% from fiscal 2023.
Profit was $56.5 million for the fourth quarter and $276 million for the year ending April 30, 2024.
