GMS posts higher profits as sales edge down

GMS Inc. reported Q3 sales of $751.2 million, a 1.3 percent decline from $761.4 million in last year’s comparable period, due to the continued impact of the pandemic on markets. Organic net sales declined 1.9 percent. Adjusted earnings rose to $25.9 million, or $0.60 per diluted share, from $22.2 million ($0.52 per share).