Core Viewpoint - GMS Inc. is expected to report its first-quarter fiscal 2025 results on August 29, with mixed performance indicators from previous quarters suggesting potential challenges ahead [1][8]. Estimate Revision Trend - The Zacks Consensus Estimate for earnings per share (EPS) has remained stable at $2.11, reflecting a 12.1% decline from the previous year's $2.40 [2]. - The consensus estimate for net sales is projected at $1.49 billion, indicating a 5.6% increase from the year-ago period [2]. Key Factors to Note - GMS's top-line performance is anticipated to improve year over year due to rising single-family demand and contributions from acquired businesses, although declining multi-family and commercial demand may negatively impact sales [3]. - Product category expectations include Wallboard volume growth in low-to-mid single digits, Ceilings volume growth in low-to-mid teens, and Steel Framing volume growth in low-to-mid single digits, with pricing trends varying across categories [4]. Sales Growth Expectations - Overall sales growth is expected to be in the mid-single digits, with specific segment estimates for Wallboard at $605.5 million, Ceilings at $206.7 million, Steel Framing at $224.8 million, and Complementary Products at $455.9 million, all showing year-over-year increases [5]. Bottom Line Expectations - The bottom line is likely to decline year over year due to increased labor costs and inflationary pressures, with anticipated near-term headwinds in Wallboard and Steel margins [6]. - For the fiscal first quarter, GMS expects a gross margin of approximately 31.5%, net income between $77 million and $79 million, and adjusted EBITDA between $160 million and $165 million, compared to last year's figures [7]. Earnings Prediction Model - The Zacks model does not predict an earnings beat for GMS, as the company has an Earnings ESP of +2.84% but carries a Zacks Rank of 4 (Sell) [8].

GMS Inc. (GMS) reported tepid results for fourth-quarter fiscal 2024 (ended Apr 30, 2024). Both earnings and net sales missed the Zacks Consensus Estimate. Earnings declined on a year-over-year basis. Nonetheless, net sales grew from the prior-year period. Shares of the company lost 6.1% on Jun 20, post-earnings release. The company expects Wallboard and Steel margins-related headwinds to improve from the second quarter. An improving single-family end market will likely offset declining multi-family and com ...

PART I [Business Overview](index=6&type=section&id=Item%201.%20Business) GMS Inc. is a leading North American distributor of wallboard, ceilings, steel framing, and complementary construction products, operating over 300 distribution centers and 100 tool sales, rental, and service centers across 47 U.S. states and six Canadian provinces - GMS Inc. operates a network of over **300 distribution centers** and more than **100 tool sales, rental, and service centers** across 47 U.S. states and six Canadian provinces, offering wallboard, ceilings, steel framing, and complementary construction products[20](index=20&type=chunk)[258](index=258&type=chunk) - In fiscal 2024, the company completed **three acquisitions** (Jawl Lumber Corporation, AMW Construction Supply, LLC, and Kamco Supply Corporation) and opened **five new distribution centers** and **three new Ames tool sales, rental, and service centers**[22](index=22&type=chunk)[23](index=23&type=chunk)[24](index=24&type=chunk) - Key business strategies include expanding market share in core products (wallboard, ceilings, steel framing), growing complementary product lines (tools, fasteners, insulation, EIFS, stucco), expanding the platform through greenfield openings and strategic acquisitions, and driving improved productivity and profitability[28](index=28&type=chunk) - The company's sales volume is generally higher in the first and second fiscal quarters due to favorable weather and longer daylight conditions, with seasonal variations impacted by inclement weather[47](index=47&type=chunk) [Risk Factors](index=13&type=section&id=Item%201A.%20Risk%20Factors) GMS Inc. faces risks from economic cycles, competition, price volatility, acquisition integration, supply chain, high debt, and cybersecurity threats - Business is highly dependent on cyclical commercial and residential construction and R&R markets, which are sensitive to economic conditions like interest rates, inflation, and employment levels[60](index=60&type=chunk)[61](index=61&type=chunk)[62](index=62&type=chunk) - Significant fluctuations in product prices (e.g., wallboard, steel) and the inability to pass on cost increases or manage inventories effectively can adversely affect operating results and cash flows[69](index=69&type=chunk)[70](index=70&type=chunk) - The company's growth strategy relies on successful acquisitions and new branch openings, which carry risks such as integration difficulties, loss of key personnel, and unforeseen liabilities[72](index=72&type=chunk)[73](index=73&type=chunk) - **High levels of indebtedness** and variable interest rates expose the company to increased debt servicing costs and limit financial flexibility, potentially affecting its ability to fund operations, acquisitions, or pay dividends[99](index=99&type=chunk)[103](index=103&type=chunk) - Cybersecurity breaches, disruptions to IT systems, and the inability to attract and retain key employees are significant general risks that could harm business operations and financial performance[107](index=107&type=chunk)[109](index=109&type=chunk)[110](index=110&type=chunk) [Unresolved Staff Comments](index=23&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reported no unresolved staff comments from the SEC - No unresolved staff comments were reported[114](index=114&type=chunk) [Cybersecurity](index=23&type=section&id=Item%201C.%20Cybersecurity) GMS Inc. maintains a comprehensive cybersecurity program led by its CISO and CIO, aligned with ISO 27001, NIST SP 800-52, and CIS Top 20 Critical Security Controls - The company's cybersecurity program is led by its **CISO and CIO**, aligned with **ISO 27001, NIST SP 800-52, and CIS Top 20 Critical Security Controls**[115](index=115&type=chunk) - Cybersecurity measures include ongoing system testing (penetration testing, internal/external audits, annual Cyber Risk Assessment), regular employee training, and engagement of a third-party managed detection and response company[115](index=115&type=chunk)[116](index=116&type=chunk)[117](index=117&type=chunk) - The Board of Directors, via the Audit Committee, oversees cybersecurity risk management, receiving quarterly updates on cyber risks, threats, and security initiatives[119](index=119&type=chunk) - The company does not believe any cybersecurity threats or incidents have materially affected it to date, but acknowledges the increasing sophistication of cyber threats[120](index=120&type=chunk) [Properties](index=24&type=section&id=Item%202.%20Properties) GMS Inc. operates its business through a network of over 300 distribution centers and more than 100 tool sales, rental, and service centers across the U.S. and Canada - As of April 30, 2024, GMS Inc. operated over **300 distribution centers** and more than **100 tool sales, rental, and service centers**[121](index=121&type=chunk) Property Type | Property Type | Leased Facilities | Owned Facilities | Total | | :---------------------------- | :---------------- | :--------------- | :---- | | Corporate headquarters | 1 | — | 1 | | Distribution centers | 231 | 85 | 316 | | Tool sales, rental and service centers | 102 | — | 102 | | Tool assembly facility | 1 | — | 1 | | Total | 335 | 85 | 420 | [Legal Proceedings](index=24&type=section&id=Item%203.%20Legal%20Proceedings) GMS Inc. is involved in various lawsuits and administrative actions in the normal course of business, including product liability claims related to alleged asbestos exposure prior to 1979 - The company is a defendant in various lawsuits and administrative actions, including product liability claims related to alleged asbestos exposure from products distributed prior to 1979[123](index=123&type=chunk)[124](index=124&type=chunk) - Management does not expect the ultimate outcome of any current legal proceedings to have a material adverse effect on its financial condition or operating results[124](index=124&type=chunk) [Mine Safety Disclosures](index=24&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) GMS Inc. has no disclosures to report regarding mine safety - No mine safety disclosures are applicable[125](index=125&type=chunk) PART II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=25&type=section&id=Item%205.%20Market%20for%20Registrant's%20Common%20Equity,%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) GMS Inc.'s common stock is traded on the NYSE under the symbol 'GMS', and the company has not paid dividends in the last three fiscal years, intending to retain future earnings for operations, growth, debt repayment, and share repurchases - GMS Inc. common stock is traded on the **New York Stock Exchange (NYSE)** under the symbol **'GMS'**[127](index=127&type=chunk) - No dividends were paid to stockholders during the years ended April 30, 2024, 2023, or 2022. The company intends to retain future earnings to finance operations, support growth, repay indebtedness, and repurchase shares[128](index=128&type=chunk) - On October 18, 2023, the Board of Directors approved an expanded share repurchase program authorizing up to **$250.0 million** of common stock repurchases, replacing a previous $200.0 million authorization[134](index=134&type=chunk)[193](index=193&type=chunk) Issuer Purchases of Equity Securities (Three Months Ended April 30, 2024) | | Total Number of Shares Repurchased | Average Price Paid per Share($) | Total Number of Shares Repurchased as Part of Publicly Announced Program | Approximate Dollar Value that May Yet be Purchased Under the Program (in thousands) | | :--- | :--- | :--- | :--- | :--- | | February 1 through February 29 | 51,875 | 86.78 | 51,875 | 211,999 | | March 1 through March 31 | 25,029 | 91.64 | 25,029 | 209,706 | | April 1 through April 30 | 97,651 | 94.61 | 97,651 | 200,466 | | Total | 174,555 | | | | [Reserved](index=24&type=section&id=Item%206.%20Reserved) This item is reserved and contains no information [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=25&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) GMS Inc. reported increased net sales in fiscal 2024, but net income and Adjusted EBITDA declined due to market dynamics and higher costs Fiscal 2024 Financial Highlights (in millions) | Metric | Fiscal Year Ended April 30, 2024 | Change from Prior Year | | :-------------------------------- | :------------------------------- | :--------------------- | | Net Sales | $5,501.9 | +3.2% | | Net Income | $276.1 | -17.1% | | Net Income as % of Sales | 5.0% | -1.2 percentage points | | Adjusted EBITDA | $615.5 | -7.5% | | Adjusted EBITDA Margin | 11.2% | -1.3 percentage points | - Net sales increase was primarily due to contributions from recent acquisitions, strong multi-family residential and commercial construction activity, and resilient pricing in wallboard, ceilings, and complementary products, offsetting declines in single-family construction and steel framing price deflation[137](index=137&type=chunk)[161](index=161&type=chunk) - Net income decrease was mainly due

GMS Inc. (NYSE:GMS) Q4 2024 Earnings Conference Call June 20, 2024 8:30 AM ET Company Participants Carey Phelps - VP, IR John Turner - President and CEO Scott Deakin - SVP and CFO Conference Call Participants Noah Merkousko - Stephens Matthew Bouley - Barclays David Manthey - Baird Brian Biros - Thompson Research Group Mike Dahl - RBC Capital Markets Jeffrey Stevenson - Loop Capital Markets Operator Greetings, and welcome to the GMS, Inc., Fourth Quarter Fiscal Year 2024 Earnings Conference Call. [Operator ...

Exhibit 99.1 GMS Reports Fourth Quarter and Fiscal Year 2024 Results Volume Growth Across All Four Major Product Categories Drove Record Levels of Full Year Net Sales and Strong Cash Flow Tucker, Georgia, June 20, 2024. GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, today reported financial results for the fourth quarter and fiscal year ended April 30, 2024. Fourth Quarter Fiscal 2024 Highlights (Comparisons are to the fourth quarter of fiscal 2023 unless otherwise n ...

GMS Inc. (GMS) is slated to report fourth-quarter fiscal 2024 results on Jun 20, before the opening bell. In the last reported quarter, both earnings and net sales marginally missed the Zacks Consensus Estimate by 0.6% and 0.5%, respectively. How are Estimates Placed? The Zacks Consensus Estimate for fourth-quarter fiscal 2024 earnings per share has remained unchanged at $2.04 over the past 60 days. The estimated value indicates a 3.3% year-over-year decline. The consensus mark for net sales is pegged at $1 ...

GMS Inc. (GMS) , a leading distributor of specialty building products in North America, announced a significant expansion move by acquiring Yvon Building Supply Inc., Yvon Insulation Corporation, Laminated Glass Technologies, Inc., and Right Fit Foam Insulation Ltd. The deal, valued at up to CAD$196.5 million, aims to enhance GMS Canada's offerings and services in Ontario. Subject to regulatory approvals, the transaction is expected to close in July 2024, funded through cash on hand and borrowings under GMS ...

[Cautionary Note Regarding Forward-Looking Statements](index=3&type=section&id=Cautionary%20Note%20Regarding%20Forward-Looking%20Statements) This report contains forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially - This report contains forward-looking statements based on current expectations, assumptions, and projections that are subject to known and unknown risks and uncertainties[9](index=9&type=chunk)[10](index=10&type=chunk) - Key risk factors include general economic conditions, dependency on construction markets, competition, price fluctuations, and supply chain disruptions[11](index=11&type=chunk)[14](index=14&type=chunk) [PART I: Financial Information](index=5&type=section&id=PART%20I%20Financial%20Information) [Item 1. Financial Statements](index=5&type=section&id=Item%201%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for GMS Inc as of and for the periods ended January 31, 2024 [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets%20(Unaudited)) Total assets slightly increased to $3.27 billion while total liabilities decreased, resulting in higher stockholders' equity Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | January 31, 2024 | April 30, 2023 | | :--- | :--- | :--- | | **Total current assets** | $1,500,914 | $1,549,523 | | **Total assets** | $3,271,553 | $3,267,008 | | **Total current liabilities** | $624,362 | $706,281 | | **Long-term debt** | $982,667 | $1,044,642 | | **Total liabilities** | $1,852,609 | $1,992,251 | | **Total stockholders' equity** | $1,418,944 | $1,274,757 | [Condensed Consolidated Statements of Operations and Comprehensive Income](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income%20(Unaudited)) Net sales increased slightly for the nine-month period, but higher operating expenses led to a decrease in net income Key Operating Results (in thousands, except per share data) | Metric | Q3 FY2024 | Q3 FY2023 | Nine Months FY2024 | Nine Months FY2023 | | :--- | :--- | :--- | :--- | :--- | | **Net sales** | $1,258,348 | $1,234,618 | $4,088,878 | $4,025,150 | | **Gross profit** | $414,720 | $402,248 | $1,323,903 | $1,301,469 | | **Operating income** | $86,225 | $103,449 | $342,763 | $391,321 | | **Net income** | $51,905 | $64,775 | $219,692 | $257,398 | | **Diluted EPS** | $1.28 | $1.53 | $5.35 | $6.01 | [Condensed Consolidated Statements of Stockholders' Equity](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity%20(Unaudited)) Stockholders' equity grew, driven by net income which was partially offset by common stock repurchases - For the nine months ended January 31, 2024, the company **repurchased and retired 1,528 thousand shares** of common stock for a total cost of approximately **$100.3 million**[21](index=21&type=chunk)[76](index=76&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows%20(Unaudited)) Operating cash flow slightly decreased while increased investing and financing activities led to a net decrease in cash Summary of Cash Flows (Nine Months Ended January 31, in thousands) | Cash Flow Activity | 2024 | 2023 | | :--- | :--- | :--- | | **Cash provided by operating activities** | $229,026 | $236,927 | | **Cash used in investing activities** | ($93,182) | ($52,004) | | **Cash used in financing activities** | ($212,671) | ($98,929) | | **(Decrease) increase in cash** | ($76,404) | $84,747 | | **Cash and cash equivalents, end of period** | $88,341 | $186,663 | [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) The notes detail key events including acquisitions, debt refinancing, and an expanded share repurchase program - During fiscal 2024, the Company acquired Jawl Lumber Corporation and AMW Construction Supply, LLC, recognizing **goodwill of $20.9 million**[48](index=48&type=chunk)[49](index=49&type=chunk)[51](index=51&type=chunk) - On December 18, 2023, the Company agreed to acquire Kamco Supply Corporation for **$321.5 million**, with closing expected in Q4 fiscal 2024[47](index=47&type=chunk) - On May 12, 2023, the Company amended its Term Loan Facility, **refinancing $499.5 million** in borrowings and extending the maturity to May 12, 2030[61](index=61&type=chunk) - On October 18, 2023, the Board approved an expanded share repurchase program, authorizing up to **$250.0 million**, with **$216.5 million remaining** as of January 31, 2024[75](index=75&type=chunk) - On February 2, 2024, the Company amended its Term Loan Facility to **reduce the applicable interest rate** on SOFR loans to SOFR + 2.25%[100](index=100&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=28&type=section&id=Item%202%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial performance, highlighting sales growth offset by higher expenses, and a strong liquidity position [Market Conditions and Outlook](index=28&type=section&id=Market%20Conditions%20and%20Outlook) The company observes improving commercial demand, a recovering single-family market, and a robust multi-family project backlog - **Commercial:** Demand is improving, with **seven consecutive quarters of U.S. commercial wallboard volume growth** and solid activity in medical, education, and data center projects[104](index=104&type=chunk) - **Single-Family Residential:** After a slowdown, there are encouraging signs of recovery, with improved homebuilder sentiment and continued sequential demand improvements[106](index=106&type=chunk) - **Multi-Family Residential:** Construction activity was robust, and a significant backlog of projects is expected to drive continued growth into early fiscal 2025[107](index=107&type=chunk) [Results of Operations](index=31&type=section&id=Results%20of%20Operations) Nine-month net sales and gross profit increased, but higher SG&A expenses led to lower operating and net income Results of Operations Summary (Nine Months Ended Jan 31) | Metric | FY2024 (in thousands) | FY2023 (in thousands) | % Change | | :--- | :--- | :--- | :--- | | **Net Sales** | $4,088,878 | $4,025,150 | 1.6% | | **Gross Profit** | $1,323,903 | $1,301,469 | 1.7% | | **SG&A Expenses** | $883,381 | $814,063 | 8.5% | | **Operating Income** | $342,763 | $391,321 | (12.4)% | | **Net Income** | $219,692 | $257,398 | (14.6)% | Net Sales by Product (Nine Months Ended Jan 31, in thousands) | Product | FY2024 | FY2023 | % Change | | :--- | :--- | :--- | :--- | | Wallboard | $1,677,285 | $1,606,821 | 4.4% | | Complementary products | $1,233,084 | $1,157,144 | 6.6% | | Steel framing | $672,231 | $787,499 | (14.6)% | | Ceilings | $506,278 | $473,686 | 6.9% | - The increase in SG&A as a percentage of net sales (**21.6% vs 20.2% YoY**) was primarily due to steel price deflation and a mix shift to higher-cost commercial and multi-family end markets[136](index=136&type=chunk)[137](index=137&type=chunk) [Liquidity and Capital Resources](index=37&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity through cash from operations and its ABL facility, funding acquisitions and share repurchases - As of January 31, 2024, the company had available borrowing capacity of approximately **$813.4 million** under its ABL Facility[142](index=142&type=chunk) - During the nine months ended January 31, 2024, the company repurchased approximately **1.5 million shares** of its common stock for **$99.6 million**, plus $0.7 million in excise taxes[154](index=154&type=chunk) Cash Flow Summary (Nine Months Ended Jan 31, in thousands) | Activity | 2024 | 2023 | | :--- | :--- | :--- | | Cash from Operations | $229,026 | $236,927 | | Cash used in Investing | ($93,182) | ($52,004) | | Cash used in Financing | ($212,671) | ($98,929) | [Non-GAAP Financial Measures](index=39&type=section&id=Non-GAAP%20Financial%20Measures) Adjusted EBITDA and Adjusted EBITDA margin decreased for the nine-month period compared to the prior year Adjusted EBITDA Reconciliation (in thousands) | Metric | Q3 FY2024 | Q3 FY2023 | Nine Months FY2024 | Nine Months FY2023 | | :--- | :--- | :--- | :--- | :--- | | **Net income** | $51,905 | $64,775 | $219,692 | $257,398 | | **Adjusted EBITDA** | $128,020 | $140,828 | $468,876 | $511,355 | | **Adjusted EBITDA Margin** | 10.2% | 11.4% | 11.5% | 12.7% | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=41&type=section&id=Item%203%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company reports no material changes to its market risk exposure since its last annual report - There have been **no material changes** to the company's market risk exposure since the fiscal year ended April 30, 2023[167](index=167&type=chunk) [Item 4. Controls and Procedures](index=41&type=section&id=Item%204%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective with no material changes in internal controls - The Chief Executive Officer and Chief Financial Officer concluded that as of January 31, 2024, the company's **disclosure controls and procedures were effective**[169](index=169&type=chunk) - **No material changes** occurred in internal control over financial reporting during the quarter[170](index=170&type=chunk) [PART II: Other Information](index=42&type=section&id=PART%20II%20Other%20Information) [Item 1. Legal Proceedings](index=42&type=section&id=Item%201%20Legal%20Proceedings) The company is involved in routine litigation not expected to have a material adverse effect - The company is not currently a party to any legal proceedings that are expected to have a **material adverse effect** on its business or financial condition[173](index=173&type=chunk) - Regarding asbestos-related claims, **1,011 of 1,065 lawsuits** filed since 2002 have been dismissed without payment[174](index=174&type=chunk) [Item 1A. Risk Factors](index=42&type=section&id=Item%201A%20Risk%20Factors) No material changes to risk factors have occurred since the last Annual Report on Form 10-K - **No material changes** to risk factors have occurred since the company's last Annual Report on Form 10-K[175](index=175&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=42&type=section&id=Item%202%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details the company's share repurchase activity under its expanded $250 million program Share Repurchases (Three Months Ended January 31, 2024) | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | November 2023 | 237,487 | $62.93 | | December 2023 | 83,681 | $70.52 | | January 2024 | 49,064 | $81.42 | | **Total** | **370,232** | **N/A** | - On October 18, 2023, the Board approved an expanded share repurchase program authorizing up to **$250.0 million** of its common stock[176](index=176&type=chunk) [Item 3. Defaults Upon Senior Securities](index=43&type=section&id=Item%203%20Defaults%20Upon%20Senior%20Securities) None - None[178](index=178&type=chunk) [Item 4. Mine Safety Disclosures](index=43&type=section&id=Item%204%20Mine%20Safety%20Disclosures) Not Applicable - Not Applicable[179](index=179&type=chunk) [Item 5. Other Information](index=43&type=section&id=Item%205%20Other%20Information) None - None[180](index=180&type=chunk) [Item 6. Exhibits](index=44&type=section&id=Item%206%20Exhibits) This section lists the exhibits filed with the report, including CEO/CFO certifications and XBRL data - Exhibits filed with the report include CEO and CFO certifications and XBRL data files[182](index=182&type=chunk) [Signatures](index=45&type=section&id=Signatures) - The Quarterly Report was duly signed on February 29, 2024, by Scott M Deakin, the Chief Financial Officer[184](index=184&type=chunk)[186](index=186&type=chunk)

Q3 2024 Earnings Call February 29, 2024 Forward-Looking Statement Safe Harbor — This presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You can generally identify forward-looking statements by the Company's use of forward-looking terminology such as "anticipate," "believe," "confident," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "seek," or "should," or the negative thereof or ...

Exhibit 99.1 GMS REPORTS THIRD QUARTER FISCAL 2024 RESULTS Volume Growth Across All Four Major Product Categories Amid High Levels of Multi-Family And Commercial Activity Coupled With Improving Single-Family Demand Tucker, Georgia, February 29, 2024. GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, today reported financial results for the fiscal third quarter ended January 31, 2024. Third Quarter Fiscal 2024 Highlights (Comparisons are to the third quarter of fiscal 20 ...