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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 $0.17 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.
CSW Industrials (CSWI) will announce its fiscal 2022 third-quarter earnings results for the period ending December 31, 2021, on February 3, 2022, before market opening. A conference call will follow at 10:00 a.m. ET to discuss the results. Participants can join by calling 1-877-407-0784 or via a live webcast on the company's website. A replay will be available until February 17, 2022. CSW Industrials operates in Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions, focusing on performance and reliability in various end markets.
The Board of Directors of CSW Industrials has declared a quarterly cash dividend of $0.15 per share, payable on February 11, 2022, to shareholders of record as of January 31, 2022. CSW Industrials operates in three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions, serving markets like HVAC/R, plumbing, and energy. The company emphasizes performance and reliability in its niche products, contributing to its growth-oriented strategy.
CSW Industrials announced the acquisition of Shoemaker Manufacturing for $41.3 million, enhancing its HVAC/R product offerings with customizable grilles, registers, and diffusers. This acquisition is part of CSWI's strategic growth, marking its seventh since going public in 2015, with a total cash investment of approximately $405 million. The deal is expected to be accretive to earnings in the first year. Shoemaker, established in 1947, serves both residential (55%) and commercial (45%) markets, enhancing CSWI's distribution channels and regional presence in the northwest U.S.
CSW Industrials reported strong fiscal Q2 and first half results ended September 30, 2021, with total revenue up 48% to $155.6 million. Organic growth was 15%, and GAAP net income rose to $18 million, or $1.14 per diluted share. EBITDA grew 33% to $33.8 million, with a margin of 22%. The TRUaire manufacturing facility in Vietnam faced pandemic-related operational reductions, impacting profitability by $1.4 million. For Q3 and Q4 fiscal guidance, EBITDA is estimated between $17-18.5 million and $33-35 million respectively, with EPS guidance at $0.40-0.45 and $1.10-1.20.
CSW Industrials (CSWI) will announce its fiscal 2022 second-quarter earnings on November 3, 2021, before market opening. A conference call will follow at 10:00 a.m. Eastern Time to discuss the results. Participants can join the call via phone or through a live webcast. The call replay will be available until November 17, 2021. CSW Industrials operates in three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions, serving markets like HVAC/R, plumbing, and energy.
CSW Industrials (CSWI) announced a quarterly cash dividend of $0.15 per share. The dividend will be payable on November 12, 2021, to shareholders on record as of the close of business on October 29, 2021. The company operates in diversified industrial sectors, serving markets such as HVAC/R, plumbing, and electrical. CSWI emphasizes performance and reliability with its product offerings. This dividend declaration reflects the company’s commitment to returning value to shareholders.
CSW Industrials reported a robust fiscal first quarter 2022, ending June 30, with total revenue soaring 77% to $161.3 million compared to $91.0 million in the previous year. Organic growth accounted for 40% of this increase. Adjusted EPS rose 80% to $1.46, with adjusted EBITDA up 108% to $40.5 million. All segments reported organic growth, with the Contractor Solutions segment achieving 121% total growth driven by the TRUaire acquisition. Despite inflation impacting profit margins, the company maintains a strong outlook for sustained long-term growth.
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