GMS Confirms Receipt Of $95.20 Per Share Unsolicited Buyout Proposal From QXO

No Shareholder Action Required at This Time

GMS Inc. (NYSE:GMS) (the "Company"), a leading North American specialty building products distributor, confirmed that it has received an unsolicited proposal from QXO, Inc. ("QXO") to acquire all outstanding shares of GMS for $95.20 per share in cash.

Consistent with its fiduciary duties and in consultation with its independent legal and financial advisors, the GMS Board of Directors will carefully review and evaluate the unsolicited proposal to determine the course of action that it believes is in the best interests of the Company and all GMS shareholders.

GMS does not intend to comment further on QXO's unsolicited proposal until the Board has completed its review. GMS shareholders do not need to take any action at this time.