Csw Industrials Inc Stock Price, News & Analysis

CSW Industrials, Inc. (NASDAQ: CSWI) will release earnings results for its fiscal third quarter ended December 31, 2022, on February 2, 2023, before market opening. A conference call will follow at 10:00 AM ET to discuss these results. Participants can dial in at 1-877-407-0784, with international callers using 1-201-689-8560. A live webcast will also be available on the company's investor relations site. A telephonic replay will be accessible until February 16, 2023. CSWI operates in three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions, serving diverse markets including HVAC/R and plumbing.

CSW Industrials, Inc. (CSWI) announced a quarterly cash dividend of $0.17 per share, payable on February 10, 2023, to shareholders on record by the close of business on January 27, 2023. This announcement reflects the company's commitment to returning value to its shareholders. CSWI operates in three diversified segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions, catering to several end markets, including HVAC/R and plumbing. The company believes in sustainable growth through performance and reliability.

CSW Industrials has announced a new $100 million share repurchase program, authorized by its Board of Directors, replacing the existing program. This initiative demonstrates the Board's confidence in the company's business model and future growth potential. Additionally, the company has increased its revolving credit facility to $500 million, enhancing liquidity for strategic initiatives. Since its spin-off in 2015, CSWI has invested $566 million in acquisitions and returned $131 million to shareholders through repurchases, reaffirming its commitment to shareholder value.

CSW Industrials (CSWI) reported robust fiscal 2023 Q2 results, with total revenue soaring 23% to $191.2 million, including 16% organic growth. Net income rose 34% to $24.3 million, while earnings per diluted share (EPS) surged 37% to $1.57. EBITDA climbed 29% to $43.9 million, reflecting a strong 23% EBITDA margin. The company maintained a stable leverage ratio of 1.6x debt to EBITDA and successfully completed acquisitions for $58.1 million, enhancing its HVAC/R and plumbing offerings. For fiscal 2023, CSWI anticipates a revenue growth rate of approximately 20% and an EBITDA margin of around 22%.

CSW Industrials (NASDAQ: CSWI) will announce earnings for Q2 fiscal 2022, ending September 30, 2022, on November 3, 2022, before the market opens. A conference call is scheduled at 10:00 AM ET that day to discuss the results. Participants can dial in at 1-844-825-9789 or access a live webcast via the company’s website.

CSW Industrials operates in three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions, focusing on value-added products across various end markets including HVAC/R and plumbing.

The National Kidney Foundation has appointed Anne Motsenbocker to its Board of Directors. Motsenbocker, based in Dallas, Texas, boasts over 35 years of experience in commercial banking and wealth management, including leadership roles at J.P. Morgan Chase. She also serves on the boards of U.S. Physical Therapy (USPH) and CSW Industrials (CSWI), contributing her expertise in governance and strategic problem-solving. Her appointment aims to enhance the Foundation's mission amid a growing public health crisis regarding kidney disease, which affects 37 million adults in the U.S.

CSW Industrials has declared a regular quarterly cash dividend of $0.17 per share, payable on November 14, 2022. Shareholders of record will be those on record as of the close of business on October 31, 2022. This dividend reflects the company's commitment to returning value to its investors as it continues to operate in diverse segments, including Contractor Solutions and Engineered Building Solutions.

CSW Industrials (Nasdaq: CSWI) announced the appointment of Danielle R. Garde as Senior Vice President and Chief People Officer, enhancing its executive leadership team. Joseph B. Armes, CSWI's CEO, expressed enthusiasm for Garde's extensive experience in organizational development and her commitment to fostering the company's employee-centric culture. Garde previously served as Chief Human Resources Officer for PlayPlower, Inc., and has held significant HR roles at various leading firms, accumulating over two decades of expertise in the field.

CSW Industrials has announced the acquisition of Cover Guard, AC Guard, and Falcon Stainless, Inc. for $57.8 million. This strategic move aims to enhance CSWI's offerings in the HVAC/R and plumbing markets. The acquisitions are expected to be accretive to earnings per share in the first full year and represent a capital investment multiple of 6.6 times the acquired EBITDA. The goal is to capture incremental market share and provide a holistic solution for water heaters and gas appliances.