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CSW Industrials, Inc. (NASDAQ: CSWI) is a diversified industrial growth company with a robust portfolio of industry-leading businesses. The company operates across three core segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. Through these segments, CSW Industrials manufactures, distributes, and sells a wide range of industrial products, which are essential in various applications, from HVAC and refrigeration to specialty chemicals.
Some of the prominent brands in CSWI's portfolio include RectorSeal, Whitmore, Jet-Lube, Strathmore, Smoke Guard, and Balco. These brands are well-recognized for their high-quality products and have established leadership in their respective markets. The company offers mechanical products for heating, ventilation, air conditioning, and refrigeration (HVAC/R) applications, along with coatings, sealants, adhesives, and high-performance specialty lubricants.
CSW Industrials has shown impressive financial performance, with significant revenue generated from its Contractor Solutions segment in the US market. The company is committed to continuous innovation, providing efficient and performance-enhancing products designed for professional end-use customers.
In recent developments, CSW Industrials has reported strong financial results for the fiscal year 2024 across all quarters. The company has released highlights of its fiscal year performance, showcasing growth and stability. The reports include detailed comparisons with the fiscal year 2023, offering a transparent view of the company's progress.
With a solid foundation and strategic domain expertise, CSW Industrials continues to focus on expanding its scalable platforms, ensuring long-term growth and value for its shareholders.
CSW Industrials (CSWI) reported record results for fiscal Q3 2025, with total revenue increasing 10.7% to $193.6 million. The growth was driven by 8.7% inorganic growth from recent acquisitions (Dust Free, PSP Products, and PF WaterWorks) and 1.9% organic growth.
Net income reached $26.9 million ($24.9 million adjusted), up 48.9% from $16.7 million in the prior year. Earnings per diluted share increased 38.2% to $1.60 ($1.48 adjusted). Adjusted EBITDA grew 14.2% to $42.0 million, with margin expansion of 70 bps to 21.7%.
Year-to-date, the company invested $84.5 million in acquisitions and $11.7 million in organic capital expenditures, while returning $24.3 million to shareholders through share repurchases ($13.7 million) and dividends ($10.6 million). The company maintains a strong financial position with no debt outstanding.
CSW Industrials (NASDAQ: CSWI) has announced it will release its fiscal third quarter 2025 earnings results on Thursday, January 30, 2025, before market opens. The results will cover the period ended December 31, 2024.
The company will host a conference call at 10:00 am Eastern Time on the same day. Investors can join via phone using 1-877-407-0784 (US) or 1-201-689-8560 (international). A live webcast will be available on the company's website.
A telephone replay will be accessible until February 13, 2025, using 1-844-512-2921 (US) or 1-412-317-6671 (international) with access code 13750887. An archived replay will also be available on CSWI's investor relations website.
CSW Industrials (Nasdaq: CSWI) has announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per share. The dividend will be paid on February 14, 2025, to shareholders who are recorded as holders of the stock at the close of business on January 31, 2025.
Flair, a smart home HVAC control solutions provider, has secured a strategic investment from RectorSeal, a leading HVAC/R and plumbing accessories manufacturer. The investment round, which included participation from SOSV, Skyview, Peter Nagar, SIG, Ulrich Gall, and Lowercarbon Capital, will help Flair accelerate growth and expand its hvacOS™ platform.
The strategic relationship grants Flair access to RectorSeal's extensive distribution network and opens opportunities for mutual strategic initiatives. This collaboration aims to increase Flair's market reach to homeowners and HVAC professionals, while strengthening its position in the home HVAC control market.
CSW Industrials (CSWI) announced a new $200 million share repurchase program, replacing its existing $100 million program. Since 2017, the company has repurchased approximately 2.0 million shares for $152 million. Since its 2015 spin-off, CSWI has returned over $200 million to shareholders through repurchases and dividends. The new program, expiring December 31, 2026, allows for daily or periodic share repurchases in open market and private transactions, subject to market conditions and business capital allocation priorities.
CSW Industrials (CSWI) has announced the $40 million acquisition of PF Waterworks, LP, a company specializing in innovative, eco-friendly drain management solutions. The acquisition, funded with cash on hand, represents approximately 9.5x PF Waterworks' trailing twelve-months' EBITDA. This strategic move within CSWI's Contractor Solutions Segment expands their plumbing product portfolio and is expected to be accretive to earnings per share in the first full year of ownership. PF Waterworks develops and manufactures 'Clean and Green' plumbing products for residential and commercial applications, with certified technology for public health and safety.
CSW Industrials (CSWI) reported record results for fiscal 2025 Q2. Total revenue increased 11.9% to $227.9 million, with organic growth of 6.2% and inorganic growth of 5.7%. Net income rose 20% to $36.1 million, with EPS up 17.1% to $2.26. EBITDA grew 14.8% to $60.8 million with margin expansion of 70 bps to 26.7%. The company completed a successful follow-on equity offering of 1.265 million shares at $285 per share, generating net proceeds of $347.4 million, which was used to pay down all outstanding debt of $115 million on the revolver.
CSW Industrials (NASDAQ: CSWI) has announced its plans for the fiscal second quarter 2025 earnings release and conference call. The company will disclose its financial results for the quarter ended September 30, 2024 on Wednesday, October 30, 2024, before the market opens. A conference call is scheduled for the same day at 10:00 am Eastern Time to discuss the results.
Interested parties can access the call using the following numbers: 1-877-407-0784 for domestic callers and 1-201-689-8560 for international callers. A live webcast will also be available on the company's website. A telephone replay will be accessible shortly after the call until November 13, 2024, using the numbers 1-844-512-2921 (domestic) and 1-412-317-6671 (international) with the access code 13749338.
CSW Industrials (Nasdaq: CSWI) has announced a 14.3% increase in its quarterly cash dividend to $0.24 per share. This represents a $0.03 per share increase from the previous quarter. The dividend will be payable on November 8, 2024, to shareholders of record as of the close of business on October 25, 2024.
Joseph B. Armes, CSW Industrials Chairman, President, and CEO, stated that the mid-year dividend increase reflects the company's strong balance sheet, cash flows, and profitability. He also highlighted that since October 2015, CSW Industrials has returned over $200 million in cash to shareholders through share repurchases and dividends, while delivering impressive growth and best-in-class margins.
CSW Industrials (CSWI) has upsized and priced its public offering of common stock. The offering increased from 1,000,000 to 1,100,000 shares at $285 per share, raising approximately $313.5 million in gross proceeds. The company also granted underwriters a 30-day option to purchase up to 165,000 additional shares. The offering is expected to close around September 6, 2024.
CSWI plans to use the net proceeds to repay outstanding debt and for general corporate purposes, including potential future acquisitions. J.P. Morgan, Goldman Sachs & Co. , and Truist Securities are acting as lead book-running managers for the offering.
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