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Financial Data and Key Metrics Changes - The company reported record quarterly revenue of $226 million, an increase of $23 million or 11% compared to the prior year [4][7] - EBITDA reached a record $65 million, representing a 20% increase year-over-year [8] - Net income was a record $39 million, or $2.47 per diluted share, up 26% from $31 million or $1.97 per diluted share in the prior year [8][12] - Gross profit margin expanded by 220 basis points to 47.5% [4][7] Business Segment Performance - The Contractor Solutions segment generated $160 million in revenue, accounting for 71% of consolidated revenue, with total growth of 14.6% [9] - The Specialized Reliability Solutions segment saw a revenue decrease of 2% to $36.8 million due to a slight volume decrease, but EBITDA margin improved to 23% [10] - The Engineered Building Solutions segment revenue increased by 12% to $30.9 million, achieving a 20% EBITDA margin [11] Market Data and Key Metrics Changes - The company experienced organic growth of $16 million, primarily through increased volumes and pricing initiatives [7] - The acquisition of Dust Free contributed an additional $7 million to revenue growth [7] Company Strategy and Industry Competition - The company aims to continue delivering growth that outpaces the markets served while focusing on strategic acquisitions to complement organic growth [14] - The company maintains a strong balance sheet and is focused on recruiting and retaining talent to drive long-term growth [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about sustaining sales and margin momentum into Q2, despite some pull-forwards in Q1 [18][21] - The company anticipates continued growth in revenue, EBITDA, and EPS for the full year [13] Other Important Information - The company paid down $51 million of its revolving credit facility, reducing outstanding debt to $115 million [5][12] - Free cash flow reached $59.6 million, a 31% increase year-over-year [12] Q&A Session Summary Question: Sustainability of sales and margin momentum going into Q2 - Management indicated that while Q1 was exceptional, there may be some pull-forward effects impacting Q2 [18][21] Question: Impact of OEM HVAC companies increasing forecasts - Management noted that increased residential HVAC volumes are beneficial, as they relate to the installed base [23][24] Question: Input cost expectations, especially regarding overseas freight - Management acknowledged rising ocean freight costs as a potential headwind for margins in Q2 and beyond [25][26] Question: Sales contribution from a specific customer in Contractor Solutions - Management stated that the sales contribution from the customer was a few percent of revenue, not material enough to be specified [27][28] Question: Performance of Engineered Building Solutions segment - Management confirmed that higher-margin products contributed to the improved EBITDA margins, with solid visibility for the next quarter [29][30] Question: Overall margin sustainability - Management cautioned that while Q1 margins were strong, they may not be sustainable due to seasonal variations and product mix [33][35] Question: M&A priorities and opportunities - Management confirmed that M&A remains a high priority, with a strong pipeline of opportunities [38][39] Question: Impact of recent storms in Houston - Management reported minor damage but did not foresee significant financial impacts from the storms [40]

July 2024 Investor Presentation Fiscal 2025 First Quarter Results | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

CSW Industrials (CSWI) came out with quarterly earnings of $2.47 per share, beating the Zacks Consensus Estimate of $2.19 per share. This compares to earnings of $1.97 per share a year ago. These figures are adjusted for non-recurring items. CSW Industrials, which belongs to the Zacks Chemical - Specialty industry, posted revenues of $226.18 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 5%. This compares to year-ago revenues of $203.36 million. The company has topped co ...

| --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------|-------|-------------------------|---------|----------------| | (Amounts in thousands, except per share amounts) \nRevenues, net | $ | June \n2024 \n226,177 | 30, \n$ | 2023 \n203,360 | | Cost of revenues | | (118,756) | | (111,193) | | Gross profit | | 107,421 | | 92,167 | | Selling, general and administrative expenses | | (52,361) | | (46,961) | | Operating income | | 55,060 | | 45,206 | | Intere ...

Following quarter-end, the Company announced its twenty-second consecutive regular quarterly cash dividend. This dividend of $0.21 per share will be paid on August 9, 2024, to shareholders of record on July 26, 2024. Fiscal 2025 First Quarter Segment Results Conference Call Information The Company will host a conference call today at 10:00 a.m. ET to discuss the results, followed by a questionand-answer session for the investment community. A live webcast of the call can be accessed at https://cswindustrial ...

DALLAS, July 31, 2024 (GLOBE NEWSWIRE) -- CSW Industrials, Inc. (Nasdaq: CSWI or the "Company") today reported record results for the fiscal 2025 first quarter period ended June 30, 2024. Total revenue increased 11.2% to $226.2 million, driven by organic growth of 7.7% and inorganic growth of 3.5% from the recent acquisition of Dust Free Net income attributable to CSWI increased 26.1% to $38.6 million, compared to $30.6 million Earnings per diluted share (EPS) increased 25.4% to $2.47, compared to $1.97 EBI ...

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 CSW INDUSTRIALS, INC. (Exact name of registrant as specified in its charter) | --- | --- | --- | --- | |---------------------------------------|-------------|-----------------------------------------------------------------------|------------------------------------------------------------------- ...

DALLAS, July 22, 2024 (GLOBE NEWSWIRE) -- CSW Industrials, Inc. (NASDAQ:CSWI) announced that it will release its earnings results for the fiscal first quarter ended June 30, 2024 on Wednesday, July 31, 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. About CSW Industrials A telephone replay will be made available shortly following the conclusion of the call and until August 14, 2024. Participants may access the replay at 1-8 ...

DALLAS, July 22, 2024 (GLOBE NEWSWIRE) -- CSW Industrials, Inc. (NASDAQ: CSWI) announced that it will release its earnings results for the fiscal first quarter ended June 30, 2024 on Wednesday, July 31, 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. About CSW Industrials A telephone replay will be made available shortly following the conclusion of the call and until August 14, 2024. Participants may access the replay at 1- ...