Welcome to our dedicated page for CSW Industrials news (Ticker: CSWI), a resource for investors and traders seeking the latest updates and insights on CSW Industrials stock.
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.
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.
CSW Industrials (CSWI) has announced a public offering of 1,000,000 shares of common stock, with an option for underwriters to purchase an additional 150,000 shares. The company 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. The offering is subject to market conditions, and there's no guarantee of completion or final terms. The shares will be offered under the company's shelf registration statement on Form S-3, which became effective on September 4, 2024.
CSW Industrials (CSWI) has announced the strategic acquisition of PSP Products, Inc. for $40 million. This move expands CSWI's Contractor Solutions segment, adding surge protection devices and load management systems to its product portfolio. The acquisition, valued at approximately 5.0x PSP's trailing twelve-month EBITDA, is expected to be accretive to earnings per share in the first full year. CSWI funded the transaction with cash on hand and borrowings from its existing $500 million revolving credit facility.
This acquisition aligns with CSWI's strategy to leverage its HVAC/R distribution channel and drive long-term shareholder value. The integration of PSP is anticipated to yield additional market share gains and foster innovation in HVAC electrical products. Since going public in October 2015, CSWI has invested a cumulative $647 million in acquisitions.
CSW Industrials (CSWI) reported record results for Q1 fiscal 2025, with significant growth across key financial metrics:
- Revenue increased 11.2% to $226.2 million, driven by 7.7% organic growth and 3.5% from the Dust Free acquisition
- Net income rose 26.1% to $38.6 million
- EPS grew 25.4% to $2.47
- EBITDA increased 19.9% to $65.3 million, with margin expansion of 210 bps to 28.9%
- Cash flow from operations up 24.7% to $62.7 million
The company paid down $51 million in debt, reducing its leverage ratio to 0.49x. Growth was driven by volume increases, pricing initiatives, and the Dust Free acquisition, with strong performance in the Contractor Solutions segment.
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