GMS Inc.: How Are They Dealing With Challenge of Declining Wallboard Volumes? 

GMS Inc. demonstrated mixed performance in its fiscal third quarter of 2025 amidst challenging macroeconomic conditions. The company faced significant headwinds, which included deteriorating demand conditions, weather related disruptions, and tight lending environments, leading to project delays across its end markets. As a result, GMS reported net sales of $1.3 billion, roughly flat year-over-year, which consisted of a 6.7% organic sales decline despite the contributions from recent acquisitions.