Set to be acquired by The Dwelling Depot for $4.3 billion by the top of this 12 months, specialty constructing merchandise distributor Gypsum Administration Provide (GMS) reported its 2026 first quarter monetary outcomes on Aug. 28, displaying continued declines in gross sales, earnings and margin year-over-year throughout the Might-July interval.
The Tucker, GA-based firm reported 1Q gross sales of $1.4 billion for the quarter that ended July 31, down 2.4% year-over-year (-5.6% in 4Q), with natural gross sales down 4.9% (-8.3% in 4Q).
Gross revenue of $436.5 million decreased by 3.4% year-over-year, whereas gross margin of 30.9% (31.2% in 4Q) declined by 30 foundation factors and working revenue of $81.2 million declined 17.4%.
GMS’ 1Q adjusted EBITDA of $135 million on a 9.6% margin was likewise down from the $146 million/10.1% margin of a 12 months earlier.
The corporate’s 1Q internet revenue of $44 million sank 23.9% year-over-year.
Premium: Dwelling Depot Shares the Why Behind GMS Buy (Aug. 20)
By product class throughout 1Q:
- Wallboard gross sales of $556.4 million decreased 5.4% year-over-year (-6.8% natural)
- Ceiling gross sales of $220.9 million elevated 6.6% year-over-year (+6.6% natural)
- Metal framing gross sales of $196.5 million decreased 6.3% year-over-year (-8.2% natural)
- Complementary merchandise gross sales of $440.5 million decreased 0.7% year-over-year (-4.9% natural)
GMS was ranked No. 9 on MDM’s 2025 High Distributors Record for Constructing Supplies/Development.
