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CSW Industrials, Inc. reports operating and capital-allocation developments for a diversified industrial company organized in three segments: Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions. Its products serve HVAC/R, plumbing, electrical, general industrial, architecturally specified building products, energy, mining, and rail transportation markets.
Recurring company updates include quarterly and annual earnings releases, segment performance, acquisitions in product categories such as plumbing and drain-management solutions, revolving credit facility changes, cash dividend actions, and governance disclosures. The company's announcements also cover conference-call scheduling and other public-company communications tied to financial reporting.
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.
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.
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.
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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