August 26, 2016 11:21 PM ET

Trading Companies and Distributors

Company Overview of GMS Inc.

Company Overview

GMS, Inc. distributes wallboards, suspended ceilings systems, and complementary interior construction products in North America. It offers wallboard products; and ceilings product line consists of suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and other commercial and institutional buildings. The company also distributes steel framing products, including steel tracks, studs, and various other steel products used to frame the interior walls of commercial or institutional buildings; and insulation, ready-mix joint compound, and various other interior construction products, as well as ancillary products,...

100 Crescent Centre Parkway

Suite 800

Tucker, GA 30084

United States

Founded in 1971

3,900 Employees

Phone:

800-392-4619

Key Executives for GMS Inc.

Chief Executive Officer, President and Director
Age: 62
Total Annual Compensation: $700.0K
Chief Financial Officer, Vice President and Treasurer
Age: 53
Total Annual Compensation: $375.0K
Chief Accounting Officer, Chief Information Officer and Vice President
Age: 56
Total Annual Compensation: $350.0K
Vice President, General Counsel and Corporate Secretary
Age: 49
Total Annual Compensation: $182.6K
Compensation as of Fiscal Year 2016.

GMS Inc. Key Developments

GMS Inc. Presents at Credit Suisse 3rd Annual Homebuilding & Building Products Conference, Aug-08-2016

GMS Inc. Presents at Credit Suisse 3rd Annual Homebuilding & Building Products Conference, Aug-08-2016 . Venue: Credit Suisse Offices, Eleven Madison Avenue at 24th Street, Level 2B, New York, United States. Speakers: G. Michael Callahan, Chief Executive Officer, President and Director, Howard Douglas Goforth, Chief Financial Officer, Vice President and Treasurer.

GMS Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended April 30, 2016

GMS Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended April 30, 2016. Net sales for the fourth quarter ended April 30, 2016 grew 30.3% to $527.2 million, compared to $404.5 million for the fourth quarter ended April 30, 2015. Net income of $8.9 million, or $0.27 per share, for the fourth quarter increased $6.8 million, compared to $2.1 million, or $0.07 per share, in the fourth quarter 2015. Adjusted net income of $17.4 million, or $0.53 per share, grew $8.7 million, compared to $8.7 million, or $0.27 per share, in the fourth quarter 2015. Adjusted EBITDA of $43.7 million for the fourth quarter 2016 rose 46.8%, compared to $29.8 million in the fourth quarter 2015. Adjusted EBITDA for the fourth quarter 2016 includes $0.1 million of contributions from acquisitions from the predecessor period of acquisitions completed during the fourth quarter 2016. Adjusted EBITDA for fourth quarter 2015 includes $1.0 million of contributions from acquisitions from the predecessor period of acquisitions completed during fourth quarter 2015. Operating income was $24.093 million against $6.928 million for the same period a year ago. Income before taxes was $16.865 million against loss of $1.527 million for the same period a year ago. Cash provided by operating activities was $29.845 million against $46.823 million for the same period a year ago. Purchases of property and equipment was $3.697 million against $2.940 million for the same period a year ago. EBITDA was $49.929 million against $23.118 million for the same period a year ago. Net sales for the fiscal year ended April 30, 2016 increased 18.3% to $1.86 billion, compared to $1.57 billion for the fiscal year ended April 30, 2015. Net sales increased across all product categories driven by stronger commercial and residential construction activity, the opening of new branches and the favorable impact of acquisitions. Net income of $12.6 million in fiscal 2016, or $0.38 per share, grew $24.3 million, compared to a net loss of $11.7 million, or $0.36 per share, in fiscal 2015. Adjusted net income of $47.4 million, or $1.45 per share, increased $15.7 million, compared to $31.7 million, or $0.98 per share, in the prior year. The growth in adjusted net income was primarily attributable to higher net sales and gross profit which more than offset increased selling, general and administrative expenses, including warehouse, delivery and payroll to support expanded operations. Adjusted EBITDA of $150.3 million in fiscal 2016 million grew 32.0%, compared to $113.9 million in fiscal 2015. Adjusted EBITDA for fiscal 2016 includes $12.1 million of contributions from acquisitions from the predecessor period of acquisitions completed during fiscal 2016. Adjusted EBITDA for fiscal 2015 includes $8.1 million of contributions from acquisitions from the predecessor period of acquisitions completed during fiscal 2015. Operating income was $58.914 million against $18.651 million for the same period a year ago. Income before taxes was $25.148 million against loss of $18.323 million for the same period a year ago. Cash provided by operating activities was $47.747 million against $48.023 million for the same period a year ago. Purchases of property and equipment was $29.845 million against $46.823 million for the same period a year ago. Purchases of property and equipment was $7.692 million against $13.940 million for the same period a year ago. EBITDA was $24.093 million against $6.928 million for the same period a year ago. EBITDA was $125.853 million against $81.228 million for the same period a year ago.

GMS Seeks Acquisitions

GMS Inc. (NYSE:GMS) is seeking acquisitions. Mike Callahan, President and Chief Executive Officer, stated, "On the acquisition front, we view ourselves as an acquirer of choice and have a very robust track record of completing acquisitions. In fact, approximately 40% of our growth has come from acquisitions in greenfields in the past five years. We have a highly fragmented base of over 400 local and regional distributor peers, which provides a very solid pipeline of consolidation opportunities, and I will expand on acquisitions in a moment."

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