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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.
The Board of Directors of CSW Industrials has announced a quarterly cash dividend of $0.19 per share, marking a 12% increase from the previous quarter's dividend. This dividend is payable on May 12, 2023, to shareholders of record by the close of business on April 28, 2023. The increase reflects the company's strong balance sheet and cash flow, highlighting its commitment to returning value to shareholders, with a total of $120.5 million returned over the past four years. CSW Industrials operates in three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions.
CSW Industrials, Inc. (NASDAQ: CSWI) has been recognized as a Great Place to Work, a distinction based on employee feedback regarding their work experience. This certification reflects CSWI's commitment to an employee-centric culture, underscored by the company's extensive benefits, including a generous 401(k) and an Employee Stock Ownership Plan. Senior VP Danielle Garde emphasized the importance of employee insights for future improvements in safety and well-being. The certification process signifies ongoing dedication to enhancing the employee experience, crucial for the company's future success.
CSW Industrials reported strong fiscal 2023 third quarter results, with total revenue up 26% to $171.1 million and net income increasing 68% to $15.6 million. Earnings per share (EPS) rose 71% to $1.01, boosted by a one-time tax benefit. EBITDA increased by 47% to $31.2 million, achieving an 18% EBITDA margin. Year-to-date revenue reached $562.2 million, a 24% growth, with EPS at $4.46. The company returned $43.6 million to shareholders through repurchases and dividends, reflecting a focus on capital deployment amidst economic challenges.
CSW Industrials, Inc. (NASDAQ: CSWI) will release earnings results for its fiscal third quarter ended December 31, 2022, on February 2, 2023, before market opening. A conference call will follow at 10:00 AM ET to discuss these results. Participants can dial in at 1-877-407-0784, with international callers using 1-201-689-8560. A live webcast will also be available on the company's investor relations site. A telephonic replay will be accessible until February 16, 2023. CSWI operates in three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions, serving diverse markets including HVAC/R and plumbing.
CSW Industrials, Inc. (CSWI) announced a quarterly cash dividend of $0.17 per share, payable on February 10, 2023, to shareholders on record by the close of business on January 27, 2023. This announcement reflects the company's commitment to returning value to its shareholders. CSWI operates in three diversified segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions, catering to several end markets, including HVAC/R and plumbing. The company believes in sustainable growth through performance and reliability.
CSW Industrials has announced a new $100 million share repurchase program, authorized by its Board of Directors, replacing the existing program. This initiative demonstrates the Board's confidence in the company's business model and future growth potential. Additionally, the company has increased its revolving credit facility to $500 million, enhancing liquidity for strategic initiatives. Since its spin-off in 2015, CSWI has invested $566 million in acquisitions and returned $131 million to shareholders through repurchases, reaffirming its commitment to shareholder value.
CSW Industrials (CSWI) reported robust fiscal 2023 Q2 results, with total revenue soaring 23% to $191.2 million, including 16% organic growth. Net income rose 34% to $24.3 million, while earnings per diluted share (EPS) surged 37% to $1.57. EBITDA climbed 29% to $43.9 million, reflecting a strong 23% EBITDA margin. The company maintained a stable leverage ratio of 1.6x debt to EBITDA and successfully completed acquisitions for $58.1 million, enhancing its HVAC/R and plumbing offerings. For fiscal 2023, CSWI anticipates a revenue growth rate of approximately 20% and an EBITDA margin of around 22%.
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