GMS rises as Q4 sales, profit top expectations

GMS

22/06/2023 15:15

(Updates)
    ** Shares of interior building products distributor GMS
 GMS.N  rise as much as 2% to $68.86
    ** Co beats Q4 sales and profit estimates on improved
commercial construction activity and resilient pricing of
wallboard, ceilings and construction products
    ** Q4 sales rise 1.2% to $1.30 bln, compared with estimates
of $1.27 bln, per Refinitiv data
    ** Co reports adjusted EPS of $2.11, topping analysts'
expectations of $1.89
    ** Stock has risen 37.6% YTD

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