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) delivers innovative industrial solutions through its specialty chemicals, HVAC/R products, and engineered building systems. This news center aggregates official announcements and market developments for investors tracking CSWI's growth in critical infrastructure sectors.
Access real-time updates on earnings disclosures, strategic acquisitions, and product advancements across CSWI's three core segments. Monitor developments in contractor tools, building technologies, and industrial maintenance solutions that define the company's market leadership.
Our curated news feed features regulatory filings, partnership announcements, and operational milestones from brands like RectorSeal and Whitmore. Stay informed about CSWI's responses to industry trends in energy efficiency, construction materials, and specialty lubricants.
Bookmark this page for streamlined tracking of CSW Industrials' progress in addressing complex industrial challenges. Return regularly for insights into how CSWI maintains its position through technical expertise and diversified product innovation.
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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