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News GMS grows sales in 2023 financial year

GMS grows sales in 2023 financial year

Written by Global Gypsum staff
21 June 2024
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US: GMS grew its sales by 3% year-on-year to US$5.5bn in the 2023 financial year. It attributed this partly to high volumes of multi-family residential construction. The group’s Canadian operations contributed US$660m (12%) of sales. GMS recorded adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of $616m, down by 7% year-on-year.

During the year, the company made three new acquisitions. It repurchased US$116m-worth of shares and refinanced its senior secured term loan to extend its maturity by seven years, to 2030.

Last modified on 03 July 2024
Published in Global Gypsum News
Tagged under
  • GMS
  • US
  • Canada
  • Results
  • shares
  • buyback
  • finance
  • Loan
  • debt

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