GMS Inc. Confirms Receipt of Unsolicited Proposal from QXO, Inc.

No Shareholder Action Required at This Time

GMS Inc. (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.

Jefferies LLC is acting as financial advisor and Alston & Bird LLP is acting as legal advisor to the Company.

About GMS, Inc.

Founded in 1971, GMS operates a network of more than 300 distribution centers with extensive product offerings of Wallboard, Ceilings, Steel Framing and Complementary Products. In addition, GMS operates more than 100 tool sales, rental and service centers, providing a comprehensive selection of building products and solutions for its residential and commercial contractor customer base across the United States and Canada. The Company’s unique operating model combines the benefits of a national platform and strategy with a local go-to-market focus, enabling GMS to generate significant economies of scale while maintaining high levels of customer service.

Contact:

Carey Phelps – Investor Relations – ir@gms.com – (770) 723-3369

Source: GMS, Inc.