SRS Distribution (incl. GMS)
Over 1,340 locations after GMS joined in September 2025. Sales are not reported separately.
The numbers
What it is
Specialty distributor serving professional contractors with roofing, landscape, pool and interior and construction products. GMS, bought for about $5.1 billion including debt repaid at closing, was folded in as a direct subsidiary of SRS.
Why it matters to the stock. This is the main way Home Depot is trying to win more contractor spending, which grows more steadily than DIY. Its results also show whether the GMS deal is paying off, and the 10-K flags acquisition-related amortization as a drag on reported earnings.
News
Home Depot Q2 sales rise 5.7% to $47.9 billion; EPS $4.92 adjusted; guidance reaffirmed
Home Depot reported second-quarter fiscal 2026 net sales of $47.9 billion, up 5.7%, with comparable sales up 1.7% and U.S.
Home Depot Q1 10-Q: GMS drove sales growth and no IEEPA tariff refunds had been booked by May 3
Home Depot's quarterly report for the period ended May 3, 2026 shows that growth was driven mainly by GMS, which contributed $1.3 billion of net sales in the quarter.
SRS completes purchase of HVAC distributor Mingledorff's, adding a new business line
SRS Distribution completed its acquisition of Mingledorff's, LLC on May 11, 2026, about seven weeks after the agreement was announced.
SRS Distribution agrees to buy HVAC distributor Mingledorff's, lifting Home Depot's addressable market to $1.2 trillion
Home Depot's subsidiary SRS Distribution agreed on March 24, 2026 to acquire Mingledorff's, a wholesale HVAC equipment, parts and supplies distributor with 42 locations in five southeastern states.