CSW Industrials Announces Expansion of Current Share Repurchase Program Authorization to $250 Million

CSW Industrials (NYSE: CSW) announced its Board expanded the company’s share repurchase authorization to $250 million from $200 million, with the program still set to expire on December 31, 2026 unless extended.

Rhea-AI Summary

CSW Industrials (NYSE: CSW) announced its Board expanded the company’s share repurchase authorization to $250 million from $200 million, with the program still set to expire on December 31, 2026 unless extended.

Since 2017 CSW has repurchased approximately 2.3 million shares for $251.6 million at an average price of $107.53. Under the November 2024 program CSW has repurchased about $98.7 million at an average price of $253.56, including $68.9 million since October 1, 2025. Current outstanding shares are 16.5 million.

Positive

• Authorization increased to $250 million
• Repurchased ~2.3 million shares totaling $251.6 million since 2017
• $98.7 million repurchased under the Nov 2024 program
• Commitment to returns: $320 million returned via repurchases and dividends since 2015

Negative

• Repurchase program expires Dec 31, 2026 unless extended
• All repurchases are discretionary and may be limited or terminated at any time
• Repurchases depend on capital allocation priorities and available cash

Argus Dec 16 session

-1.64% close to close Open Argus

Details

News Market Reaction – CSW

On Dec 16, the first trading day after this news, CSW closed 1.64% below the previous close.

Data tracked by StockTitan Argus for the Dec 16 session.

Market Context

This announcement expands CSW’s share repurchase authorization to $250 million, reinforcing a capita...

Analysis

This announcement expands CSW’s share repurchase authorization to $250 million, reinforcing a capital allocation approach that combines acquisitions with direct shareholder returns. Since 2017, the company has repurchased about 2.3 million shares for $251.6 million and returned over $320 million including dividends. Investors may watch the actual pace of buybacks, the December 31, 2026 program horizon, and how repurchases balance against ongoing acquisition spending.

Key Figures

Buyback authorization: $250 million Prior authorization: $200 million Total repurchases since 2017: $251.6 million +5 more

Buyback authorization

$250 million

Expanded current share repurchase program authorization

Prior authorization

$200 million

Existing share repurchase authorization before expansion

Total repurchases since 2017

$251.6 million

Approx. 2.3 million shares since program inception

Avg price since 2017

$107.53 per share

Average repurchase price over life of program

Current program buybacks

$98.7 million

Repurchases under program started November 2024

Recent buybacks

$68.9 million

Repurchases since October 1, 2025

Shares outstanding

16.5 million

Current outstanding common shares

Capital returned

Over $320 million

Returned to shareholders via repurchases and dividends since 2015 spin-off

Historical Context

5 past events · Latest: Nov 21

5 events

1. Nov 21

   Acquisition deployment

   24h Move

   +7.0%

   Deployed over $26.5M on EPS-accretive acquisitions using credit facility.

2. Nov 4

   Large acquisition close

   24h Move

   -4.4%

   Closed $650M MARS Parts deal funded by term loan and revolver.

3. Oct 30

   Earnings results

   24h Move

   +1.4%

   Reported record Q2 and first-half revenue, EPS, and EBITDA growth.

4. Oct 20

   Earnings call notice

   24h Move

   +1.9%

   Announced timing and access details for Q2 2026 earnings call.

5. Oct 17

   Dividend declaration

   24h Move

   -1.3%

   Declared regular quarterly dividend of $0.27 per share.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

share repurchase program, spin-off

2 terms

share repurchase program financial

"Under the share repurchase program, shares may be repurchased daily or from time to time..."

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

spin-off financial

"Since the Company’s spin-off in 2015, we have returned over $320 million..."

A spin-off happens when a company creates a new, independent business by separating part of itself, like splitting off a division into its own company. This often happens so the new company can focus better on its own goals or attract different investors. It matters because it can lead to more growth opportunities and clearer focus for both companies.

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DALLAS, Dec. 15, 2025 (GLOBE NEWSWIRE) -- CSW Industrials, Inc. (NYSE: CSW) today announced its Board of Directors approved the expansion of its current share repurchase program authorization to $250 million, increasing the existing $200 million authorization. Since the commencement of CSW’s share repurchase program in 2017 and to date, the Company has repurchased approximately 2.3 million shares for a total of $251.6 million, at an average share price of $107.53.

Under the current share repurchase program put in place in November of 2024, CSW Industrials has bought back approximately $98.7 million in shares at an average price of $253.56 per share, including approximately $68.9 million since October 1, 2025. CSW’s current outstanding shares are 16.5 million.

Joseph B. Armes, CSW Industrials Chairman, Chief Executive Officer, and President commented, “This expanded share repurchase authorization demonstrates the Board’s confidence in CSW’s resilient business model, future growth potential, and ability to generate strong cash flows, especially in light of the investment of approximately $1 billion in acquisition capital over the last twelve months.”

Armes continued, “Since the Company’s spin-off in 2015, we have returned over $320 million to shareholders through share repurchases and dividends, demonstrating our commitment to enhance long-term shareholder value utilizing all elements of our capital allocation strategy.”

Under the share repurchase program, shares may be repurchased daily or from time to time in the open market and in privately negotiated transactions. All repurchases will be made at the Company’s discretion, based on ongoing assessments of the business’ capital allocation priorities, the market price of its common stock and general market conditions. The expiration date for the completion of the current share repurchase program, including the expanded authorization, remains December 31, 2026; however, the program may be extended in the future, or it may be limited or terminated at any time without notice.

About CSW Industrials
CSW Industrials is a diversified industrial growth company with industry-leading operations in three segments: Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions. CSW provides niche, value-added products with two essential commonalities: performance and reliability. The primary end markets we serve with our well-known brands include: HVAC/R, plumbing, electrical, general industrial, architecturally-specified building products, energy, mining, and rail transportation. For more information, please visit www.cswindustrials.com. 

Investor Relations

Alexa Huerta
Vice President Investor Relations, & Treasurer
214-489-7113
alexa.huerta@cswindustrials.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did CSW (NYSE: CSW) announce on December 15, 2025 about its buyback?

The Board expanded the share repurchase authorization from $200 million to $250 million on December 15, 2025.

How many shares has CSW repurchased since 2017 and for how much?

CSW has repurchased approximately 2.3 million shares for a total of $251.6 million since 2017.

How much has CSW repurchased under the November 2024 program and at what average price?

Under the Nov 2024 program CSW repurchased about $98.7 million at an average price of $253.56 per share.

When does the current CSW share repurchase program expire and can it change?

The program expiration remains December 31, 2026, but it may be extended, limited, or terminated at any time.

How many CSW shares are currently outstanding?

CSW currently has 16.5 million outstanding shares.

What factors will CSW consider before repurchasing shares under the program?

Repurchases will be at management’s discretion based on capital allocation priorities, market price, and general market conditions.