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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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Canadian Dollar Rises As Inflation Climbs
The Canadian dollar advanced against its most major counterparts in the New York session on Tuesday, after a data showed that inflation accelerated in April.
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Swiss Market Ends Modestly Higher
The Switzerland market suffered a mild setback in early trades on Tuesday, but recovered soon and then stayed firm right till the end of the session to finish with a modest gain. Investors tracked corporate news and the developments on the geopolitical front.
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European Stocks Recover After Weak Start, Close Broadly Higher
European stocks closed broadly higher on Tuesday amid easing tariff worries, and expectations that Russia and Ukraine would soon begin ceasefire negotiations. The UK-EU trade agreement on Monday contributed as well to the positive mood in European markets.
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TSX Extends Gains To 10th Straight Session, Hits New Record High
Canadian shares are up in positive territory Tuesday morning, extending gains to a tenth straight session, amid easing concerns about tariffs, and some brisk buying in gold stocks on safe-haven appeal following Moody's downgrading U.S. credit rating, citing debt concerns.
Investors are also digesting a report showing a drop in Canada's annual inflation rate.
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Honda Cuts EV Sales, Investment Targets As It Shifts Focus
Honda Motor Co., Ltd. announced Tuesday that it is realigning automobile business strategy, with a cut in planned electric vehicle or EV sales ratio, and investment for automobile electrification due to the recent market slowdown. Meanwhile, Honda expects a minimal increase in investment related to Hybrid Electric Vehicle or HEV business.
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Bay Street Likely To Open On Cautious Note; Inflation Data In Focus
The Canadian market is likely to see a cautious start Tuesday morning with investors reacting to the nation's consumer price inflation data.
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U.S. Dollar Slides Amid U.S. Tariff Uncertainty
The U.S. dollar weakened against other major currencies in the European session on Tuesday, due to fiscal and economic concerns amid uncertainties about U.S. tariffs.
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