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By Colin Kellaher
GMS Inc.’s board has approved a new repurchase program covering up to $250 million of common stock.
The Tucker, Ga., distributor of specialty building products on Friday said the new buyback replaces a June 2022 repurchase authorization of $200 million, which had about $35 million remaining.
GMS, with about 40.6 million shares outstanding, sports a market capitalization of $2.36 billion based on Thursday’s closing price of $57.03.
Write to Colin Kellaher at [email protected]
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