GMS earnings fall on higher sales

Gypsum Management & Supply Inc. reported sales of $1.3 billion for Q3 of its fiscal 2024. That was 1.9 percent above the comparable period of the previous year. Net income fell by 19.9 percent to $51.9 million, or $1.28 per diluted share, from $64.8 million ($1.53) a year earlier. GMS announced in December its acquisition of Kamco Supply Corp., which is expected to close in the coming days.