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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 (Nasdaq: CSWI) announced the appointment of Danielle R. Garde as Senior Vice President and Chief People Officer, enhancing its executive leadership team. Joseph B. Armes, CSWI's CEO, expressed enthusiasm for Garde's extensive experience in organizational development and her commitment to fostering the company's employee-centric culture. Garde previously served as Chief Human Resources Officer for PlayPlower, Inc., and has held significant HR roles at various leading firms, accumulating over two decades of expertise in the field.
CSW Industrials has announced the acquisition of Cover Guard, AC Guard, and Falcon Stainless, Inc. for $57.8 million. This strategic move aims to enhance CSWI's offerings in the HVAC/R and plumbing markets. The acquisitions are expected to be accretive to earnings per share in the first full year and represent a capital investment multiple of 6.6 times the acquired EBITDA. The goal is to capture incremental market share and provide a holistic solution for water heaters and gas appliances.
CSW Industrials (CSWI) reported strong fiscal 2023 Q1 results ended June 30, 2022. Total revenue rose 24% to $199.9 million, driven by $30.1 million in organic growth. GAAP net income improved to $29.4 million, or $1.88 per share, up from $20.5 million, or $1.30 per share, a year earlier. EBITDA grew 21% to $49.5 million. The company plans for high-teens revenue growth for the full fiscal year, maintaining a leverage ratio of approximately 1.7x debt to EBITDA. CSWI also returned $30.5 million to shareholders via buybacks and dividends, reinforcing its commitment to shareholder value.
CSW Industrials announced its earnings release for the fiscal first quarter ending June 30, 2022, scheduled for August 5, 2022, prior to market opening. A conference call will take place at 10:00 am ET the same day to discuss the results. Participants can join the call via 1-877-407-0784 or through an international line 1-201-689-8560. A webcast is available on the company’s investor website, with a replay option provided until August 19, 2022. CSWI operates in three segments, offering value-added products to various industries.
CSW Industrials declared a quarterly cash dividend of $0.17 per share, payable on August 12, 2022. Shareholders of record as of July 29, 2022 will receive the dividend. In Q1 fiscal 2023, CSWI repurchased 287,990 shares for $30.5 million, totaling 446,620 shares at $48.3 million since the current buyback program began. Cumulatively, the company has returned $129.3 million to shareholders across multiple buyback programs since Q3 fiscal 2018. This reflects the company's commitment to capital allocation and shareholder returns.
CSW Industrials reported strong fiscal 2022 results, with total revenue increasing 49% to $626.4 million and net income rising to $66.4 million or $4.20 per share. In Q4 alone, revenue grew 30% year-over-year to $173.3 million, driven by organic growth contributing 80% of this increase. EBITDA rose 46% to $133.3 million for the fiscal year. The company maintained a healthy balance sheet, with a leverage ratio of approximately 1.7x debt to EBITDA. A quarterly dividend was increased by 13% to $0.17 per share, marking the thirteenth consecutive dividend payment.
CSW Industrials, Inc. (NASDAQ: CSWI) is set to release its earnings results for the fiscal fourth quarter and full year on May 18, 2022, prior to the market opening. A conference call will follow at 10:00 am ET for discussion of the results. Participants can join via phone or access a live webcast on the CSWI website. A replay of the call will be available until June 1, 2022. CSWI operates in three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions, offering value-added products for various end markets.
The Board of Directors of CSW Industrials has announced a quarterly cash dividend of $0.17 per share, increasing by $0.02 or 13% from the previous quarter. This dividend will be payable on May 13, 2022, to shareholders on record by April 29, 2022. Additionally, during the fiscal 2022 fourth quarter, CSWI repurchased 121,940 shares for $14.0 million under its $100 million buyback program, cumulatively returning $121.1 million to shareholders since 2018.
CSW Industrials, Inc. (NASDAQ: CSWI) will participate in the 2022 J.P. Morgan Industrials Investor Conference on March 16-17 in New York City. The company will conduct investor meetings and deliver a formal presentation. Interested parties can access CSWI's latest presentation and fiscal 2022 third-quarter report on their website. CSWI operates in three main segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions, providing high-performance and reliable products across various industries.
CSW Industrials reported strong fiscal Q3 2022 results, with total revenue soaring 52% to $136.3 million, driven by organic growth of 22%. Net income increased to $8.3 million, marking significant growth from $2.3 million the previous year. EPS rose to $0.52 from $0.16. The company's adjusted EBITDA grew by 25% to $19.9 million. CSWI pursued strategic acquisitions, including Shoemaker, enhancing its market footprint in HVAC/R. Despite a drop in gross profit margin to 36.7%, the firm maintained a solid balance sheet with a leverage ratio of 1.6x. Cash provided by operations also increased significantly.
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