Csw Industrials Inc - CSWI STOCK NEWS

The National Kidney Foundation has appointed Anne Motsenbocker to its Board of Directors. Motsenbocker, based in Dallas, Texas, boasts over 35 years of experience in commercial banking and wealth management, including leadership roles at J.P. Morgan Chase. She also serves on the boards of U.S. Physical Therapy (USPH) and CSW Industrials (CSWI), contributing her expertise in governance and strategic problem-solving. Her appointment aims to enhance the Foundation's mission amid a growing public health crisis regarding kidney disease, which affects 37 million adults in the U.S.

CSW Industrials has declared a regular quarterly cash dividend of $0.17 per share, payable on November 14, 2022. Shareholders of record will be those on record as of the close of business on October 31, 2022. This dividend reflects the company's commitment to returning value to its investors as it continues to operate in diverse segments, including Contractor Solutions and Engineered Building Solutions.

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.