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CSW Industrials, Inc. - CSWI STOCK NEWS

Welcome to our dedicated page for CSW Industrials news (Ticker: CSWI), a resource for investors and traders seeking the latest updates and insights on CSW Industrials stock.

CSW Industrials, Inc. (NASDAQ: CSWI) is a diversified industrial growth company with a robust portfolio of industry-leading businesses. The company operates across three core segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. Through these segments, CSW Industrials manufactures, distributes, and sells a wide range of industrial products, which are essential in various applications, from HVAC and refrigeration to specialty chemicals.

Some of the prominent brands in CSWI's portfolio include RectorSeal, Whitmore, Jet-Lube, Strathmore, Smoke Guard, and Balco. These brands are well-recognized for their high-quality products and have established leadership in their respective markets. The company offers mechanical products for heating, ventilation, air conditioning, and refrigeration (HVAC/R) applications, along with coatings, sealants, adhesives, and high-performance specialty lubricants.

CSW Industrials has shown impressive financial performance, with significant revenue generated from its Contractor Solutions segment in the US market. The company is committed to continuous innovation, providing efficient and performance-enhancing products designed for professional end-use customers.

In recent developments, CSW Industrials has reported strong financial results for the fiscal year 2024 across all quarters. The company has released highlights of its fiscal year performance, showcasing growth and stability. The reports include detailed comparisons with the fiscal year 2023, offering a transparent view of the company's progress.

With a solid foundation and strategic domain expertise, CSW Industrials continues to focus on expanding its scalable platforms, ensuring long-term growth and value for its shareholders.

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CSW Industrials (NASDAQ: CSWI) has announced the date for its fiscal first quarter 2025 earnings release conference call. The company will release its earnings results for the quarter ended June 30, 2024, on Wednesday, July 31, 2024, before the market opens. A conference call will be held the same day at 10:00 am Eastern Time to discuss the results.

Participants can access the call using the following numbers:

  • Domestic: 1-877-407-0784
  • International: 1-201-689-8560
A live webcast will also be available on the company's website. A telephone replay will be accessible shortly after the call until August 14, 2024, using the following numbers:
  • Domestic: 1-844-512-2921
  • International: 1-412-317-6671
  • Access code: 13747993

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CSW Industrials (Nasdaq: CSWI) announced a regular quarterly cash dividend of $0.21 per share.

The dividend will be paid on August 9, 2024, to shareholders who are registered by the close of business on July 26, 2024.

This declaration reflects the company's ongoing commitment to returning value to its shareholders.

Key details include a dividend amount of $0.21, a record date of July 26, 2024, and a payable date of August 9, 2024.

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CSW Industrials (NASDAQ: CSWI) has announced the appointment of Darron Ash to its Board of Directors as part of its succession planning strategy. Ash, currently the CEO of Sammons Enterprises, brings extensive financial and operational leadership experience.

His appointment anticipates upcoming director retirements due to age-based policies. Ash's background includes roles in private equity and public accounting, enhancing his suitability for contributing to CSW Industrials' goals of disciplined capital allocation and corporate responsibility. Ash holds a BS from Texas A&M and an MBA from the University of Texas at Austin.

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CSW Industrials (Nasdaq: CSWI) reported record financial results for Q4 and the full fiscal year 2024, ending March 31, 2024. Q4 revenue increased by 7.8% to $210.9 million, driven by a 6% organic growth. Net income rose 17.4% to $31.8 million, and EPS increased by 16.9% to $2.04. EBITDA grew 13% to $55.8 million with a margin of 26.5%.

For the full year, revenue grew by 4.6% to $792.8 million. Net income reached $101.6 million, or $109.1 million adjusted, with EPS at $6.52, or $7.01 adjusted. Adjusted EBITDA increased 14.9% to $200 million, and operational cash flow improved by 35.3% to $164.3 million. The company invested $32.7 million in acquisitions and $16.6 million in capital expenditures, returning $22.3 million to shareholders via repurchases and dividends.

Segment-wise, Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions showed revenue and margin improvements. The company maintained a strong balance sheet with a leverage ratio of 0.73x Debt to EBITDA.

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CSW Industrials, Inc. (NASDAQ: CSWI) will release its earnings results for the fiscal fourth quarter and year ended March 31, 2024 on May 23, 2024, and host a conference call the same day to discuss the results. The call will be accessible through various channels, including a webcast and telephone replay.

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CSW Industrials, Inc. (CSWI) has declared a regular quarterly cash dividend of $0.21 per share, marking a 10.5% increase from the prior quarter. The dividend will be payable on May 10, 2024, to shareholders of record as of April 26, 2024. The company has shown strong financial performance, returning $143 million to shareholders over the past five years.
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CSW Industrials, Inc. (Nasdaq: CSWI) announced the strategic deployment of $30.3 million for acquiring Dust Free®, Guardian Drain Lock, and Sure Grade Drain. The acquisitions are expected to enhance the Company’s product offerings for residential and commercial customers in HVAC/R and plumbing end markets, positively impacting the health of customers and driving impressive growth.
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CSW Industrials, Inc. appoints Jeff Underwood as Senior Vice President and General Manager, Contractor Solutions, effective April 1, 2024, as part of the Company’s leadership succession strategy. Underwood will succeed Don Sullivan, who will transition to the role of Chief Strategy Officer. The announcement was made by Joseph B. Armes, CSW Industrial’s Chairman, CEO, and President. Underwood has a proven track record in building high-performing teams and has been responsible for the Contractor Solutions segment’s growth. Sullivan, on the other hand, has successfully executed and integrated nearly $500 million in strategic acquisitions.
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CSW Industrials, Inc. (Nasdaq: CSWI) reported record results for the fiscal 2024 third quarter and nine-month year-to-date periods ended December 31, 2023. Total revenue increased 2% to $175.0 million in the third quarter, with net income of $9.2 million. For the year-to-date period, total revenue increased 4% to $582.0 million, with net income of $69.9 million. Adjusted EBITDA increased 18% to $36.8 million in the third quarter, and 16% to $144.2 million for the year-to-date period. CSWI paid down $20 million of debt and returned cash to shareholders of $8.9 million in dividends and $5.8 million in share repurchases.
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CSW Industrials, Inc. (CSWI) is set to release its earnings results for the fiscal third quarter ended December 31, 2023, on February 1, 2024. The company will host a conference call to discuss the results and a live webcast will be available. A telephone replay will also be accessible for a limited time. Participants can access the call and replay via phone or online.
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FAQ

What does CSW Industrials, Inc. do?

CSW Industrials, Inc. operates across three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions, manufacturing and distributing a wide range of industrial products.

What are the main brands under CSW Industrials?

The main brands include RectorSeal, Whitmore, Jet-Lube, Strathmore, Smoke Guard, and Balco.

Which segment generates the most revenue for CSW Industrials?

The Contractor Solutions segment generates the most revenue, particularly from the US market.

How has CSW Industrials performed financially in fiscal year 2024?

CSW Industrials has reported strong financial results for fiscal year 2024 across all quarters, showing growth and stability compared to fiscal year 2023.

What types of products does CSW Industrials offer?

CSW Industrials offers mechanical products for HVAC/R applications, coatings, sealants, adhesives, and high-performance specialty lubricants.

Who are the primary customers of CSW Industrials' products?

The primary customers are professional end-users in residential and commercial HVAC/R and plumbing applications.

What is the role of innovation at CSW Industrials?

Innovation is key to CSW Industrials, focusing on creating efficient and performance-enhancing products to meet market demands.

What markets does CSW Industrials primarily serve?

CSW Industrials primarily serves the US market, with a strong emphasis on the Contractor Solutions segment.

How does CSW Industrials ensure long-term growth?

CSW Industrials ensures long-term growth by expanding its scalable platforms, maintaining industry leadership, and focusing on continuous innovation.

How can investors get more information about CSW Industrials?

Investors can contact Alexa Huerta, Vice President of Investor Relations and Treasurer, at alexa.huerta@cswindustrials.com or by calling 214-489-7113.

CSW Industrials, Inc.

Nasdaq:CSWI

CSWI Rankings

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4.63B
15.53M
4.97%
85.02%
2.01%
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