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News Displaying items by tag: US

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GMS may face hostile takeover

19 June 2025

US: Roofing products distributor QXO has offered to acquire GMS for US$5bn and said it will proceed with a hostile takeover if GMS rejects or does not engage with the offer by 24 June 2025. In a letter submitting the offer, QXO said that the proffered sum is 27% above GMS's current 60-day volume-weighted average value. Alongside the production of gypsum wallboard, other gypsum products and steel framing, GMS also operates 300 distribution centres.

If the acquisition proceeds, it will bring QXO into the interior building materials production business for the first time. In the roofing distribution segment, it acquired Beacon Roofing Supply for US$11bn earlier in 2025.

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GMS concludes 2025 financial year with US$5.35bn in sales

19 June 2025

US: GMS recorded sales of US$5.35bn in the 2025 financial year, down by 6% year-on-year. Its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 19%, to US$501m. The group noted a fourth-quarter decline in its gypsum wallboard sales of 10%, to US$527m, 40% of group quarterly sales of US$1.33bn.

President and CEO John Turner noted the ‘solid results,’ despite the ‘deterioration in end-market conditions as we moved through the year.’ Looking ahead to the current, 2026 financial year, he said “The ongoing challenging interest rate environment and general market uncertainty continue to be a headwind for the business, contributing to reduced levels of activity in each of our major end markets. We are cautiously optimistic that we are nearing the bottom of this cycle and believe pent-up demand will materialise as the macro-environment improves. Once this market demand returns, we will be well-positioned to capture the opportunity as a leaner and more efficient organisation."

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USG to expand Jacksonville gypsum wallboard plant

17 June 2025

US: USG plans to make a US$4.5m expansion to a mill building at its Jacksonville gypsum wallboard plant in Florida. The plant also produces ceiling tiles and panels and flooring and roofing materials. The Jacksonville Business Journal newspaper has reported that the company has applied to city authorities for a permit for the expansion.

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Immigration enforcement imperils US construction

17 June 2025

US: The US construction industry is reportedly bracing for heightened labour shortages amid on-going federal enforcement actions against suspected illegal immigrants. Forbes has reported that sections of the workforce are ‘shaken,’ with some builders at one San Francisco firm avoiding certain tasks or not coming to work at all. Authorities have already deported three of the firm’s workers.

The National Association of Home Builders has proposed a new visa programme for construction workers and supportive pathways to legal residency for those already working in the industry. 61% of gypsum wallboard installers in the US were born in other countries.

The on-going US construction labour shortage reportedly cost the industry US$10.8bn in 2024, reducing new single-family homebuilding by 19,000 units.

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Gypsum Association appoints Christian Chinsio as Director of Codes, Standards and Research

29 May 2025

US: The Gypsum Association has appointed Christian Chinsio as its new Director of Codes, Standards and Research. Chinsio has 28 years’ experience in management and technical roles in the building materials industry. He is Technical Development Manager at CertainTeed Gypsum, with responsibility over product rationalisation, competitive testing and quality improvements across plants nationwide. He previously represented CertainTeed Gypsum on the Gypsum Association's Building Code and Technical Committee. Other prior management roles include positions at Continental Building Products and Lafarge North America.

Gypsum Association Executive Director Steve Meima said "Christian's 28 years of building products manufacturing experience, the past 25 being specific to gypsum panel and gypsum products manufacturing, is sure to serve well the interests of our members and the technical information needs of architectural, engineering and construction professionals."

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Eagle Materials raises sales in 2025 financial year

22 May 2025

US: Eagle Materials recorded sales of US$2.3bn in the 2025 financial year, which ended on 31 March 2025. This corresponds to a rise of less than 1% year-on-year. Group net earnings were US$463m, down by 3%.

In the Light Materials segment, revenues rose by less than 1% to US$2.26bn. This was driven by increased recycled paperboard sales volumes and prices. Gypsum wallboard sales volumes were 279Mm2, up slightly year-on-year. They rose in price by 1%, to US$2.54/m2. As a result, revenues from gypsum wallboard reached US$846m, up by 0.8% from US$840m in the 2024 financial year.

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Georgia-Pacific publishes 2024 stewardship report

21 May 2025

US: Georgia-Pacific has released its 2024 Stewardship Report, highlighting progress across five operational pillars: Challenge, Connect, Conserve, Contribute and Control. Under the Contribute pillar of responsible products, Georgia-Pacific noted the launch of its DensDeck gypsum roofing panels, which are designed to be able to support solar panel installations on commercial buildings. Meanwhile, under the Control pillar of impact mitigation, Georgia-Pacific noted the implementation of a No Idling policy for trucks at its Sweetwater plant in Texas.

The company’s SO₂ emissions fell by 26,000t (75%) in the 14-year period since 2010, with further reductions planned.

Georgia-Pacific has historically published a full Sustainability Report along with its results for full financial years, ending 31 March.

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Strike at Saint-Gobain CertainTeed’s Blue Diamond gypsum plant

21 May 2025

US: Workers have walked out of Saint-Gobain CertainTeed’s Blue Diamond gypsum plant in Nevada after rejecting the company's final contract offer. The International Brotherhood of Teamsters has reported that 70 of the plant’s employees will participate in the action in protest against the contract offer, which fell ‘way short of acceptable.’

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Paul Johnson Drywall acquires Advanced Drywall Systems

08 May 2025

US: Paul Johnson Drywall (PJD) has acquired the assets of gypsum wallboard supply and installation contractor Advanced Drywall Systems. Advanced Drywall Systems serves New Jersey and Pennsylvania. Its entire team will stay on as part of PJD.

Advanced Drywall Systems director David Bedo noted the growth opportunities presented by the acquisition, adding "We are most excited about the opportunity to deliver the market-leading service that Advanced Drywall Systems is known for to more of the region's homebuilders."

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Saint-Gobain North America wins Silver Stevie Award at American Business Awards

07 May 2025

North America: Saint-Gobain North America has won a Silver Stevie Award in the Large Manufacturing Company of the Year category for its circularity initiatives, rapid growth and commitment to US industrial development. 3BL News has reported that the company will claim the prize at the 23rd annual American Business Awards ceremony in New York City later in 2025.

The recognition comes as Saint-Gobain celebrates its 360-year anniversary. It has invested a combined US$400m in plant expansions and upgrades scheduled to come online in 2025, including building North America’s first carbon-neutral gypsum wallboard plant at its Montreal facility in Quebec, Canada.

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