GMS posts Q1 results

Gypsum Management & Supply Inc. reported Q1 adjusted earnings of US$77.6 million, or $1.93 per diluted share, compared to $103.2 million ($2.49) a year earlier. Sales of $1.4 billion represented a 2.8 percent increase from the comparable period of last year. Recent acquisitions gave revenues a boost, tempering the effect of price deflation in steel framing.