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 ...

Core Viewpoint - The market reacted negatively to CSW Industrials' announcement of a new share issue, leading to a significant decline in its stock price due to concerns over share dilution [1][2]. Group 1: Share Issuance Details - CSW announced a flotation of common shares, increasing the originally planned 1 million shares to 1.1 million, priced at $285 per share [3]. - The gross proceeds from this share issue are expected to be $313.5 million, which will be used to retire outstanding debt and for general corporate purposes, potentially including acquisitions [4]. Group 2: Market Reaction and Stock Performance - Following the announcement, CSW's stock price fell nearly 16% week-to-date as of mid-afternoon Friday [2]. - The market's concern over dilution is evident, although the dilution impact is relatively mild given that CSW had over 15.5 million outstanding shares prior to the new issue [6]. Group 3: Debt Management - CSW has successfully reduced its long-term borrowings, which decreased to $170 million in the most recent quarter from $206 million in the previous quarter and $264 million year-over-year [5].

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 ...

DALLAS, Sept. 04, 2024 (GLOBE NEWSWIRE) -- CSW Industrials, Inc. (Nasdaq: CSWI), announced that it has commenced an underwritten public offering of 1,000,000 shares of common stock. In connection with this offering, the Company expects to grant the underwriters a 30-day option to purchase up to 150,000 additional shares at the public offering price, less the underwriting discounts and commissions. The offering is subject to market and other conditions, and there can be no assurances as to whether or when th ...

Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. 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? Let's take a closer look at the stock's year-to-date performance to find out. CSW Industrials is a member of the Basic Materials sector. This group includes 236 individual stocks and currently holds a Zacks Sector Rank of #14. ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the task of finding cutting-edge growth stocks is made easy with the help of the Zack ...

Investment Highlights Capital investment of $40 million for acquisition of PSP Products, Inc., which offers a diverse line of surge protection devices and industry leading load management systems Valuation represents approximately 5.0x PSP Products' trailing twelve-months' EBITDA Expected to be accretive to earnings per share in the first full year of ownership $647MM of cumulative acquisition capital investment since going public in October 2015 DALLAS, Aug. 06, 2024 (GLOBE NEWSWIRE) -- CSW Industrials, In ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style S ...

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]