Powtech - International Processing Trade Fair for Powder, Bulk Solids, Fluids & Liquids - 26 - 28.9.2030 - Learn more
Powtech - International Processing Trade Fair for Powder, Bulk Solids, Fluids & Liquids - 26 - 28.9.2030 - Learn more
Global Gypsum
High-Tech Solutions For Gypsum Processing Have A Name - Grenzebach
Your partner in gypsum processing - Comec Gypsum Systems - Find out more
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Live
  • Awards
  • My details
  • Advertise
  • About
  • Privacy & Cookie Policy
  • Contact
News GMS’ net sales rise by 27% to US$2.79bn in first half

GMS’ net sales rise by 27% to US$2.79bn in first half

Written by Global Gypsum staff
12 December 2022
  • Print
  • Email

US: GMS’ net sales grew by 27% year-on-year to US$2.79bn in the half year to the end of October 2022 from US$2.19bn in the same period in 2021. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 34% to US$356m from US$265m. Sales of wallboard increased by 37% to US$1.11bn from US$0.80bn.

John C Turner, Jr, the president and chief executive officer of GMS, said, “A significant backlog of homes under construction, continued strength in multi-family, and improving levels of commercial activity helped drive exceptional results for our fiscal second quarter.” He continued, “As a result, with favourable pricing across our product categories, positive volume growth in wallboard, ceilings and complementary products and the benefit of our AMES acquisition, our team achieved another quarter of record levels of net sales, net income and adjusted EBITDA and generated significant levels of cash flow.”

Published in Global Gypsum News
Tagged under
  • US
  • GMS
  • Results
  • distribution
  • GGM51

Related items

  • Saint-Gobain signs renewable electricity supply agreement in North America
  • Saint-Gobain North America awards solar power supply contract to TotalEnergies
  • Two GMS directors win US corporate board awards
  • Xeriant hires two accreditation agencies to test NEXBOARD alternative wallboards
  • Etex uses price rises to drive revenue in first half of 2023
Moisture measurement for all process locations - Sensortech Systems, Inc.
“Airscape - The new sealing standard for transfer poits in conveying systems
Global Gypsum Monthly Sign up
Global Gypsum Twitter
Global Gypsum LinkedIn
Acquisition Appointment Australia Belgium Boral Canada CertainTeed China coronavirus Eagle Materials Etex Export France Germany government Gypsum India Knauf market Plant Recycling Results SaintGobain sustainability UK Upgrade US USA USG Wallboard
« September 2023 »
Mon Tue Wed Thu Fri Sat Sun
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30  
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Live
  • Awards
  • My details
  • Advertise
  • About
  • Privacy & Cookie Policy
  • Contact
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Links
  • Awards
  • Back issues
  • Subscribe
  • Register for free copies
  • The Last Word
  • Conferences >>
  • Global Ash
  • Global CemBoards
  • Global CemFuels
  • Global CemPower
  • Global CemProcess
  • Global CemProducer
  • Global Cement Quality Control
  • Global ConChems
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • African Cement
  • American Cement
  • European Cement
  • Middle Eastern Cement
  • Websites >>
  • Global Cement
  • Global Slag
  • Cem Fuels
  • Global Concrete
  • Global Insulation
  • Pro Global Media
  • PRoIDS Online

© 2023 Pro Global Media Ltd. All rights reserved