CSW Industrials Updates Share Repurchase Program
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) ha annunciato un nuovo programma di riacquisto di azioni da 200 milioni di dollari, che sostituisce il precedente programma da 100 milioni. Dal 2017, l'azienda ha riacquistato circa 2,0 milioni di azioni per 152 milioni di dollari. Dalla sua separazione nel 2015, CSWI ha restituito oltre 200 milioni di dollari agli azionisti tramite riacquisti e dividendi. Il nuovo programma, che scade il 31 dicembre 2026, consente riacquisti di azioni giornalieri o periodici nel mercato aperto e in transazioni private, soggetti alle condizioni di mercato e alle priorità di allocazione del capitale aziendale.
CSW Industrials (CSWI) anunció un nuevo programa de recompra de acciones de 200 millones de dólares, que sustituye su programa actual de 100 millones. Desde 2017, la empresa ha recomprado aproximadamente 2,0 millones de acciones por 152 millones de dólares. Desde su escisión en 2015, CSWI ha devuelto más de 200 millones de dólares a los accionistas a través de recompras y dividendos. El nuevo programa, que expira el 31 de diciembre de 2026, permite recompras de acciones diarias o periódicas en el mercado abierto y en transacciones privadas, sujetas a las condiciones del mercado y a las prioridades de asignación de capital empresarial.
CSW Industrials (CSWI)는 기존의 1억 달러 프로그램을 대체하는 2억 달러 규모의 자사주 매입 프로그램을 발표했습니다. 2017년 이후 이 회사는 약 200만 주를 1억 5200만 달러에 매입했습니다. 2015년 분할 이후 CSWI는 자사주 매입 및 배당금을 통해 주주에게 2억 달러 이상을 반환했습니다. 새로운 프로그램은 2026년 12월 31일에 만료되며, 시장 조건과 사업 자본 배분 우선 순위에 따라 공개 시장 및 비공식 거래에서 일일 또는 주기적인 주식 매입을 허용합니다.
CSW Industrials (CSWI) a annoncé un nouveau programme de rachat d'actions de 200 millions de dollars, remplaçant son programme existant de 100 millions de dollars. Depuis 2017, l'entreprise a racheté environ 2,0 millions d'actions pour 152 millions de dollars. Depuis sa scission en 2015, CSWI a restitué plus de 200 millions de dollars aux actionnaires par le biais de rachats et de dividendes. Le nouveau programme, qui expire le 31 décembre 2026, permet des rachats d'actions quotidiens ou périodiques sur le marché ouvert et dans des transactions privées, sous réserve des conditions du marché et des priorités d'allocation de capital de l'entreprise.
CSW Industrials (CSWI) hat ein neues Aktienrückkaufprogramm über 200 Millionen Dollar angekündigt, das das bestehende Programm über 100 Millionen Dollar ersetzt. Seit 2017 hat das Unternehmen etwa 2,0 Millionen Aktien für 152 Millionen Dollar zurückgekauft. Seit der Abspaltung im Jahr 2015 hat CSWI den Aktionären über 200 Millionen Dollar durch Rückkäufe und Dividenden zurückgegeben. Das neue Programm, das am 31. Dezember 2026 ausläuft, erlaubt tägliche oder periodische Aktienrückkäufe im offenen Markt und in privaten Transaktionen, abhängig von den Marktbedingungen und den Prioritäten der Kapitalallokation des Unternehmens.
- Board authorized doubled share repurchase program to $200 million
- Strong track record of returning capital with $152 million in share repurchases since 2017
- Demonstrated commitment to shareholder returns with over $200 million distributed since 2015
- None.
Insights
The
The company's track record of returning capital to shareholders is impressive, having repurchased
The discretionary nature of the program and focus on capital allocation priorities demonstrates prudent financial management, ensuring the company maintains operational flexibility while rewarding shareholders.
DALLAS, Nov. 18, 2024 (GLOBE NEWSWIRE) -- CSW Industrials, Inc. (Nasdaq: CSWI) today announced its Board of Directors authorized a new
Joseph B. Armes, CSWI Chairman, Chief Executive Officer, and President commented, “This new
Under the newly authorized program, shares may be repurchased daily or from time to time in the open market and in privately negotiated transactions. All repurchases will be made at the Company’s discretion, based on ongoing assessments of the business’ capital allocation priorities, the market price of its common stock and general market conditions. The Board of Directors has established an expiration date of December 31, 2026, for completion of the repurchase program; however, the program may be extended in the future, or it may be limited or terminated at any time without notice.
About CSW Industrials
CSW Industrials is a diversified industrial growth company with industry-leading operations in three segments: Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions. CSWI provides niche, value-added products with two essential commonalities: performance and reliability. The primary end markets we serve with our well-known brands include: HVAC/R, plumbing, electrical, general industrial, architecturally-specified building products, energy, mining, and rail transportation. For more information, please visit www.cswindustrials.com.
Investor Relations
Alexa Huerta
Vice President Investor Relations, & Treasurer
214-489-7113
alexa.huerta@cswindustrials.com
FAQ
What is the size of CSWI's new share repurchase program announced in November 2024?
How many shares has CSWI repurchased since 2017?
When does CSWI's new share repurchase program expire?
How much capital has CSWI returned to shareholders since its 2015 spin-off?
