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GMS Flags $250 Million Share Repurchase Amidst a Challenging Environment – Buyback Wednesdays

  • October 25, 2023

GMS is a distinct home construction supply company with a broad array of products that prioritizes value-added service by delivering its products directly to the spot of use. This may include delivery to a single-family home or to locations like the 20th floor of an office building.

The company has expanded its range of products through numerous acquisitions while maintaining a manageable level of debt. It’s worth noting that the company’s long-term debt has decreased for four consecutive quarters, dropping from $1.1 billion in July 2022 to $943 million in July 2023 even as it pursued some of those acquisitions.

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