Financial Data and Key Metrics Changes - The company reported record quarterly revenue of $228 million, a 12% increase compared to the prior year period [6][15] - Cash flow from operations reached $67 million, representing a 49.5% growth over the prior year [9][24] - EBITDA for the quarter increased by 15% to a record $61 million, with an EBITDA margin improvement of 70 basis points to 26.7% [17][18] - Net income was $36 million or $2.26 per diluted share, a 20% increase from the prior year [18] Business Segment Data and Key Metrics Changes - The Contractor Solutions segment generated $159 million in revenue, accounting for 70% of consolidated revenue, with total growth of 13.5% [19] - The Specialized Reliability Solutions segment revenue increased by 5% to $38.5 million, with an EBITDA margin improvement to 18.4% [21] - The Engineered Building Solutions segment revenue rose by 12% to $32.7 million, with an EBITDA margin of 20% [22][23] Market Data and Key Metrics Changes - Growth was reported in HVAC/R, electrical, and plumbing end markets, driven by increased unit volumes and slight pricing increases [20] - The company was added to the S&P 600 Small Cap Index, reflecting its long-term growth and strength [9] Company Strategy and Development Direction - The company aims to continue pursuing strategic acquisitions that complement organic growth, with a focus on innovative companies and products [34] - The acquisition of PSP Products is expected to enhance the Contractor Solutions segment's offerings in the electrical end market [35][50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining strong margins and pricing power, with no unusual factors affecting the first half of the year [40][41] - The company anticipates continued growth in revenue, EBITDA, and EPS for the full year, alongside strong cash flow [31] Other Important Information - The company ended the quarter with $273 million in cash and no outstanding debt, enhancing its ability to act on business opportunities [11][29] - Free cash flow was reported at $61.3 million, a 43% increase from the previous year [26] Q&A Session Summary Question: Sustainability of strength seen in the first half of the year - Management indicated that there are no unusual factors affecting performance and that demand remains strong across the board [38][40] Question: Expectations for cash and M&A pipeline - The company raised capital as a war chest for future opportunities, with a robust pipeline of potential acquisitions [43][45] Question: Details on PSP acquisition - The PSP acquisition is expected to enhance the company's presence in the electrical market, with smooth integration due to prior distribution relationships [46][56] Question: Impact of higher shipping rates on COGS - Higher ocean freight costs are expected to impact COGS in the second half, but the company has pricing power to offset these costs [59][61] Question: Change in sentiment among Contractor Solutions customers - Management noted no significant concerns regarding the HVAC/R market, with a positive outlook for the future [64]

CSW Industrials (CSWI) came out with quarterly earnings of $2.26 per share, beating the Zacks Consensus Estimate of $2.19 per share. This compares to earnings of $1.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.20%. A quarter ago, it was expected that this industrial products and coatings maker would post earnings of $2.19 per share when it actually produced earnings of $2.47, delivering a surprise of 12.79%.Over the la ...

CSW Industrials Reports Record Fiscal 2025 Second Quarter Results DALLAS, October 30, 2024 (GLOBE NEWSWIRE) - CSW Industrials, Inc. (Nasdaq: CSWI or the "Company") today reported record results for the fiscal 2025 second quarter period ended September 30, 2024. Fiscal 2025 Second Quarter Highlights (comparisons to fiscal 2024 second quarter) • Total revenue increased 11.9% to an all-time quarterly high of $227.9 million, driven by organic growth of 6.2% and inorganic growth of 5.7% from the recent acquisiti ...

DALLAS, Oct. 30, 2024 (GLOBE NEWSWIRE) -- CSW Industrials, Inc. (Nasdaq: CSWI or the "Company") today reported record results for the fiscal 2025 second quarter period ended September 30, 2024. Fiscal 2025 Second Quarter Highlights (comparisons to fiscal 2024 second quarter) Total revenue increased 11.9% to an all-time quarterly high of $227.9 million, driven by organic growth of 6.2% and inorganic growth of 5.7% from the recent acquisitions of Dust Free and PSP Products Net income attributable to CSWI incr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File No. 001-37454 CSW INDUSTRIALS, INC. (Exact name of registrant as specified in its charter) Delaware 4 ...

DALLAS, Oct. 21, 2024 (GLOBE NEWSWIRE) -- CSW Industrials, Inc. (NASDAQ: CSWI) announced that it will release its earnings results for the fiscal second quarter ended September 30, 2024 on Wednesday, October 30, 2024, before the market opens. The Company will host a conference call the same day at 10:00 am Eastern Time to discuss the results. Participants may access the call at 1-877-407-0784, international callers may use 1-201-689-8560, and request to join the CSW Industrials earnings call. A live webcast ...

DALLAS, Oct. 11, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of CSW Industrials, Inc. (Nasdaq: CSWI) today declared a regular quarterly cash dividend of $0.24 per share. This represents an increase of $0.03 per share, or approximately 14.3%, as compared to the declared dividend in the prior quarter. The dividend is payable on November 8, 2024, to shareholders of record as of the close of business on October 25, 2024. "We are pleased to announce another increase in our quarterly dividend. The mid-year di ...

News of a fresh round of capital raising didn't go down well with the market. Share dilution is one of those stock market nightmares that keeps investors awake when they should be sleeping. Even news of fairly mild levels of dilution can lead to notable sell-offs, a situation that has been evident with the stock of CSW Industrials (CSWI -2.40%) in recent days. Week-to-date as of mid-afternoon Friday, according to data compiled by S&P Global Market Intelligence, the veteran company's stock price had fallen b ...

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. CSW Industrials (CSWI) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question. CSW Industrials is one of 236 companies in the Basic Materials g ...

DALLAS, Texas, Sept. 05, 2024 (GLOBE NEWSWIRE) -- CSW Industrials, Inc. (Nasdaq: CSWI) today announced the upsize and pricing of its previously announced underwritten registered public offering of its common stock. The size of the offering increased from the previously announced 1,000,000 shares to 1,100,000 shares of the company's common stock at a price to the public of $285 per share, for gross proceeds of approximately US$313.5 million, before the underwriting discount and estimated offering expenses. A ...