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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