GMS posts Q1 gains

GMS reported Q1 net sales of $1.04 billion, a 29.8 percent increase from a year ago. Gross profit of $335.8 million was up by 28.9 percent from Q1 of 2021. Net income more than doubled to $61.2 million, or $1.39 per diluted share, compared to $27.2 million ($0.63) in the comparable period of 2021.

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