GMS posts Q3 gains

Gypsum Management & Supply Inc. reported net sales of $1.2 billion for Q3 of fiscal 2023, an increase of seven percent from the comparable period of 2022. Favourable pricing for wallboard and ceiling tiles was partially offset by declining single-family construction demand. Adjusted net income was $78.3 million, or $1.85 per diluted share, compared to $76.5 million ($1.74), in the previous Q3.