What do Recent Insider Trades in GMS Stock Reflect?
27 Junho 2022 - 09:21AM
TipRanks
Shares of GMS Inc. (NYSE: GMS) have been rising since the company
announced its results for the fourth quarter of the fiscal year
ended April 30, 2022 last week. GMS is a leading North American
distributor of specialty building products like wallboard,
ceilings, steel framing, and complementary construction products.
GMS’s Q4 FY22 revenue increased 38.2% to $1.29 billion, surpassing
analysts’ consensus estimate of $1.26 billion. The company cited
higher pricing, “healthy” residential end-market demand, robust
performance of its complementary products, and the acquisitions of
Westside Building Material and AMES Taping Tools as the reasons for
solid revenue growth. Further, adjusted EPS jumped to $2.09
from $1.
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GMS (NYSE:GMS)
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