Following its acquisition by GMS in December 2021, the AMES platform continues to execute against its growth strategy by adding three new AMES store locations in Fresno, California; Palm Bay, Florida; and Concord, North Carolina, enhancing its market coverage in these geographies. The opening of the Fresno location represents the 100th store opening for AMES. To date, GMS has added nine AMES store locations during fiscal 2023.

With a substantial liquidity position, including $124 million in cash on hand as of the end of their most recently ended quarter, the near-term expectation of strong free cash flow generation and the company’s newly expanded ABL Credit Agreement with increased capacity and an extended maturity, GMS remains well-positioned to continue to advance its strategic priorities.