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GMS Board Approves $250 Mln Share Repurchase Program
(RTTNews) - GMS Inc. (GMS), a specialty distributor of interior building products, announced Friday that its Board of Directors have approved a share repurchase program under which it is authorized to repurchase up to $250 million of its outstanding common stock.
This share repurchase program terminates and replaces the Company's previous share repurchase authorization of $200 million, which commenced in June 2022 and had approximately $35.0 million of authorization remaining.
The repurchases under the program may be made at the Company's discretion from time to time on the open market at prevailing market prices or in negotiated transactions off the market.
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GMS Acquires Kamco Supply For Undisclosed Term
Building products distributor GMS, Inc. (GMS) announced Thursday it has entered into an agreement to acquire Kamco Supply Corp. The acquisition is expected to significantly expand GMS's presence in the Greater New York area.
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617 days ago
U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August
The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.
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2h 43min ago
Chicago Business Barometer Slumps Much More Than Expected In August
MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
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3h 2min ago
U.S. Consumer Prices Increase In Line With Estimates In July
Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
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3h 45min ago
German Unemployment Exceeds 3 Mln
Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
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4h 15min ago
U.S. PCE Price Index Increased In Line With Estimates In July
Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.
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4h 27min ago
Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus
Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.
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4h 43min ago
Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus
Lower Canadian and U.S. futures ahead of Canadian GDP data and U.S. personal consumption expenditure report, point to a weak start on Bay Street Friday morning.
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5h 21min ago
