Csw Industrials Inc Stock Price, News & Analysis

CSW Industrials (CSWI) has successfully renewed and extended its Revolving Credit Facility, increasing the commitment from $500 million to $700 million. The renewed facility, arranged in partnership with nine banks, features a five-year term extending to May 2030. JPMorgan Chase Bank, N.A. will serve as the administrative agent, while both JPMorgan Chase Bank, N.A. and Truist Bank acted as joint lead arrangers and bookrunners. The enhanced credit facility aims to provide CSWI with improved access to capital for pursuing growth opportunities.

CSW Industrials (CSWI) has completed its acquisition of Aspen Manufacturing for $313.5 million in cash. The purchase price represents approximately 11x Aspen's 2024 adjusted EBITDA of $28.5 million. The strategic acquisition enhances CSWI's HVAC/R product portfolio by adding Aspen's market-leading evaporator coils and air handlers. Aspen Manufacturing, based in Humble, TX, designs, engineers, and assembles residential and light commercial HVAC products in the United States and brings approximately 350 new employees to CSWI. The acquisition was funded through cash on hand and the company's existing $500 million revolving credit facility, while maintaining strong liquidity and balance sheet position.

CSW Industrials has announced its strategic move from Nasdaq to the New York Stock Exchange (NYSE), with trading expected to begin on June 9, 2025, under the new ticker symbol "CSW". The company will continue trading on Nasdaq until June 6, 2025.

This transition coincides with CSW Industrials' upcoming ten-year anniversary as an independent public company. Chairman, CEO, and President Joseph B. Armes views this move as a significant milestone, highlighting the potential benefits of:

• Increased liquidity for shareholders
• Enhanced market visibility
• Benefits for employee stockholders through their stock ownership plan

NYSE Chief Development Officer Chris Taylor welcomed CSW Industrials, recognizing their importance in Dallas and the industrial solutions sector. The move positions the company among NYSE's distinguished roster of industrial companies on the world's largest stock exchange.

CSW Industrials (CSWI) has announced a 12.5% increase in its quarterly dividend to $0.27 per share, up $0.03 from the previous quarter. The dividend will be payable on May 9, 2025, to shareholders of record as of April 25, 2025.

This marks the company's sixth dividend increase, demonstrating CSWI's strong financial position. The company has returned $222.4 million to shareholders through share repurchases and dividends since October 2017, while maintaining growth through organic expansion and strategic acquisitions.

CSW Industrials (CSWI) has announced a definitive agreement to acquire Aspen Manufacturing for $313.5 million in cash. Aspen, based in Humble, Texas, is a leading manufacturer of evaporator coils and air handlers for the HVAC/R industry, with estimated 2024 revenues of $122.4 million and adjusted EBITDA of $28.5 million.

The acquisition price represents approximately 11x Aspen's estimated 2024 adjusted EBITDA. CSWI plans to fund the transaction through a combination of cash and existing credit facility. The deal is expected to close in Q1 of CSWI's 2026 fiscal year, subject to customary conditions.

Aspen's product portfolio includes residential and light commercial evaporator coils, blowers, and air handling units. The company is uniquely positioned in the market with capabilities to manufacture both legacy (R-410a) and new refrigerant (R-32 and R-454B) rated products, using copper and aluminum heat transfer technologies.

CSW Industrials (CSWI) reported record results for fiscal Q3 2025, with total revenue increasing 10.7% to $193.6 million. The growth was driven by 8.7% inorganic growth from recent acquisitions (Dust Free, PSP Products, and PF WaterWorks) and 1.9% organic growth.

Net income reached $26.9 million ($24.9 million adjusted), up 48.9% from $16.7 million in the prior year. Earnings per diluted share increased 38.2% to $1.60 ($1.48 adjusted). Adjusted EBITDA grew 14.2% to $42.0 million, with margin expansion of 70 bps to 21.7%.

Year-to-date, the company invested $84.5 million in acquisitions and $11.7 million in organic capital expenditures, while returning $24.3 million to shareholders through share repurchases ($13.7 million) and dividends ($10.6 million). The company maintains a strong financial position with no debt outstanding.

CSW Industrials (NASDAQ: CSWI) has announced it will release its fiscal third quarter 2025 earnings results on Thursday, January 30, 2025, before market opens. The results will cover the period ended December 31, 2024.

The company will host a conference call at 10:00 am Eastern Time on the same day. Investors can join via phone using 1-877-407-0784 (US) or 1-201-689-8560 (international). A live webcast will be available on the company's website.

A telephone replay will be accessible until February 13, 2025, using 1-844-512-2921 (US) or 1-412-317-6671 (international) with access code 13750887. An archived replay will also be available on CSWI's investor relations website.

CSW Industrials (Nasdaq: CSWI) has announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per share. The dividend will be paid on February 14, 2025, to shareholders who are recorded as holders of the stock at the close of business on January 31, 2025.

Flair, a smart home HVAC control solutions provider, has secured a strategic investment from RectorSeal, a leading HVAC/R and plumbing accessories manufacturer. The investment round, which included participation from SOSV, Skyview, Peter Nagar, SIG, Ulrich Gall, and Lowercarbon Capital, will help Flair accelerate growth and expand its hvacOS™ platform.

The strategic relationship grants Flair access to RectorSeal's extensive distribution network and opens opportunities for mutual strategic initiatives. This collaboration aims to increase Flair's market reach to homeowners and HVAC professionals, while strengthening its position in the home HVAC control market.