Gypsum industry news

US: GMS’ net sales grew by 4% year-on-year to US$1.41bn in the quarter to 31 July 2023 from US$1.40bn in the same period in 2022. Sales of wallboard increased by 10% to US$571m from US$522m. However, the company’s earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 2% to US$165m from US$169m.

John C. Turner, Jr, president and chief executive officer of GMS, said “We were pleased to deliver a solid start to fiscal 2024 with first quarter results that were in line with our expectations, continuing to demonstrate the resilience of pricing in wallboard, ceilings and complementary products, as well as the strength and stability that our balanced end markets provide.”