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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) 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.
CSW Industrials (NASDAQ: CSWI) has announced the date for its fiscal first quarter 2025 earnings release conference call. The company will release its earnings results for the quarter ended June 30, 2024, on Wednesday, July 31, 2024, before the market opens. A conference call will be held the same day at 10:00 am Eastern Time to discuss the results.
Participants can access the call using the following numbers:
- Domestic: 1-877-407-0784
- International: 1-201-689-8560
- Domestic: 1-844-512-2921
- International: 1-412-317-6671
- Access code: 13747993
CSW Industrials (Nasdaq: CSWI) announced a regular quarterly cash dividend of $0.21 per share.
The dividend will be paid on August 9, 2024, to shareholders who are registered by the close of business on July 26, 2024.
This declaration reflects the company's ongoing commitment to returning value to its shareholders.
Key details include a dividend amount of $0.21, a record date of July 26, 2024, and a payable date of August 9, 2024.
CSW Industrials (NASDAQ: CSWI) has announced the appointment of Darron Ash to its Board of Directors as part of its succession planning strategy. Ash, currently the CEO of Sammons Enterprises, brings extensive financial and operational leadership experience.
His appointment anticipates upcoming director retirements due to age-based policies. Ash's background includes roles in private equity and public accounting, enhancing his suitability for contributing to CSW Industrials' goals of disciplined capital allocation and corporate responsibility. Ash holds a BS from Texas A&M and an MBA from the University of Texas at Austin.
CSW Industrials (Nasdaq: CSWI) reported record financial results for Q4 and the full fiscal year 2024, ending March 31, 2024. Q4 revenue increased by 7.8% to $210.9 million, driven by a 6% organic growth. Net income rose 17.4% to $31.8 million, and EPS increased by 16.9% to $2.04. EBITDA grew 13% to $55.8 million with a margin of 26.5%.
For the full year, revenue grew by 4.6% to $792.8 million. Net income reached $101.6 million, or $109.1 million adjusted, with EPS at $6.52, or $7.01 adjusted. Adjusted EBITDA increased 14.9% to $200 million, and operational cash flow improved by 35.3% to $164.3 million. The company invested $32.7 million in acquisitions and $16.6 million in capital expenditures, returning $22.3 million to shareholders via repurchases and dividends.
Segment-wise, Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions showed revenue and margin improvements. The company maintained a strong balance sheet with a leverage ratio of 0.73x Debt to EBITDA.
CSW Industrials, Inc. (NASDAQ: CSWI) will release its earnings results for the fiscal fourth quarter and year ended March 31, 2024 on May 23, 2024, and host a conference call the same day to discuss the results. The call will be accessible through various channels, including a webcast and telephone replay.
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