GMS earnings soar in Q3

Gypsum Management & Supply Inc. said this week its Q3 sales rose by 53.6 percent to $1.15 billion. Earnings of $61.4 million, or $1.40 per diluted share, were up from $16.1 million ($0.37) in the comparable period of the company’s fiscal 2021. Strong residential markets boosted sales, as did GMS’s acquisitions of D.L. Building Materials, Westside Building Material, and AMES.