CSW Industrials Announces Expansion of Current Share Repurchase Program Authorization to $250 Million
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
Key Figures
Market Reality Check
Peers on Argus
Peers showed mixed moves, with changes from -12.0% (SMR) to +0.68% (MWA), while CSW was up 0.28%, suggesting stock-specific factors rather than a coordinated sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 21 | Acquisition deployment | Positive | +7.0% | Deployed over $26.5M on EPS-accretive acquisitions using credit facility. |
| Nov 4 | Large acquisition close | Positive | -4.4% | Closed $650M MARS Parts deal funded by term loan and revolver. |
| Oct 30 | Earnings results | Positive | +1.4% | Reported record Q2 and first-half revenue, EPS, and EBITDA growth. |
| Oct 20 | Earnings call notice | Neutral | +1.9% | Announced timing and access details for Q2 2026 earnings call. |
| Oct 17 | Dividend declaration | Positive | -1.3% | Declared regular quarterly dividend of $0.27 per share. |
Recent company-specific news, especially acquisitions and strong earnings, has often seen the stock react positively, though some capital allocation announcements have generated mixed price responses.
Over the last few months, CSW reported record fiscal 2026 Q2 and first-half results with revenue of $277.0M for Q2 and $540.6M for the first half, alongside low net leverage of 0.12x. It announced and then closed a sizable $650M acquisition of MARS Parts and deployed over $26.5M on additional deals, all framed as accretive and synergistic. The company also maintained shareholder returns via a quarterly dividend of $0.27 per share. Today’s expanded buyback fits an ongoing strategy of acquisitions plus direct capital return.
Market Pulse Summary
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 Terms
spin-off financial
AI-generated analysis. Not financial advice.
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
Under the current share repurchase program put in place in November of 2024, CSW Industrials has bought back approximately
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
Armes continued, “Since the Company’s spin-off in 2015, we have returned over
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
What did CSW (NYSE: CSW) announce on December 15, 2025 about its buyback?
How many shares has CSW repurchased since 2017 and for how much?
How much has CSW repurchased under the November 2024 program and at what average price?
When does the current CSW share repurchase program expire and can it change?
How many CSW shares are currently outstanding?
What factors will CSW consider before repurchasing shares under the program?
