GMS rises after Q4 sales, profit beat expectations

GMS

22/06/2023 13:09

** Shares of interior building products distributor GMS
 GMS.N  up ~1% at $68.05 premarket
    ** Co beats Q4 sales and profit expectations on rising
levels of commercial construction and resilient pricing of
wallboard, ceilings and construction products
    ** Q4 sales rise 1.2% to $1.30 bln, compared with an
estimate of $1.27 bln, per Refinitiv data
    ** Co reports adjusted EPS of $2.11, topping analysts'
expectations of $1.89
    ** Up to Wednesday's close, stock had risen 35.7% in 2023

 (Reporting by Anne Florentyna Gnanaraja Sekar in Bengaluru)
 ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;))