Home Depot is acquiring building materials distributor GMS for $4.3 billion to strengthen its “Pro” contractor business and expand into drywall, ceilings, and steel framing. Analysts support the ...

Home Depot's SRS subsidiary acquired GMS for $4.3 billion to strengthen its penetration in the professional market with long-term payoff in the consumer market too.

Home Depot is acquiring building materials distributor GMS for $4.3 billion to strengthen its “Pro” contractor business and expand into drywall, ceilings, and steel framing.

Home Depot is buying specialty building products distributor GMS for $4.3 billion, the second notable acquisition in a little over a year that emphasizes a deliberate push by the home improvement ...

Atlanta-based The Home Depot operates more than 2,350 retail stores, over 800 branches and more than 325 distribution centers that directly fulfill customer orders across all 50 states, the ...

Explore Photos: Home Depot's history in Atlanta The Home Depot transaction comes after another company, QXO Inc., in mid-June proposed to acquire GMS for about $5 billion.

Although Home Depot missed analysts' predicted Earnings Per Share during the first quarter of 2025, the company still reaffirmed its fiscal 2025 guidance, expecting total sales to grow 2.8%.

Home Depot & GMS Outlook Based on Zacks' estimates, GMS’s total sales are expected to be virtually flat in its current fiscal year 2026 but are projected to rise 3% in FY27 to $5.68 billion.

"“The acquisition of ADG allows us to build on our momentum with Pro planned spend and is expected to expand our total addressable market by approximately $50 billion." ...

In April, QXO completed its approximately $11-billion acquisition of Beacon Roofing Supply. The GMS transaction with Home Depot is expected to close by the end of fiscal 2025.

Home Depot is buying specialty building products distributor GMS for $4.3 billion, the second notable acquisition in a little over a year that emphasizes a deliberate push by the home improvement ...