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. (CSWI) generates a steady flow of news as a diversified industrial growth company operating through its Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions segments. Its announcements frequently highlight activity in key end markets such as HVAC/R, plumbing, electrical, general industrial, architecturally-specified building products, energy, mining and rail transportation.
On this CSWI news page, readers can review company-issued press releases and related coverage that reflect how CSW Industrials manages growth, capital allocation and its product portfolio. Recent news has included earnings release dates and conference call details for fiscal quarters and full-year periods, providing insight into how management communicates financial performance and business trends to the market.
CSW Industrials also issues news about its capital structure and financing arrangements, such as the renewal, extension and upsizing of its revolving credit facility in partnership with a group of banks. These items show how the company secures access to capital to support acquisitions and other growth initiatives. Dividend declarations and changes to the regular quarterly dividend are another recurring news theme, illustrating how the board of directors approaches returning cash to shareholders.
Acquisition-related announcements are a notable component of CSWI’s news flow. The company has reported on acquisitions such as Aspen Manufacturing, as well as earlier acquisitions like Dust Free, PSP Products and PF WaterWorks, describing how these transactions expand its HVAC/R and plumbing-related product offerings and contribute to its Contractor Solutions segment. CSW Industrials has also announced a planned transfer of its stock exchange listing from Nasdaq to the New York Stock Exchange and a change in ticker symbol, which is relevant for investors tracking the shares.
By following this page, users can see how CSW Industrials communicates developments in its segments, end markets, financing, dividends and acquisitions over time, using official press releases and related disclosures tied to the CSWI symbol.
The Board of Directors of CSW Industrials has declared a quarterly cash dividend of $0.15 per share, payable on February 11, 2022, to shareholders of record as of January 31, 2022. CSW Industrials operates in three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions, serving markets like HVAC/R, plumbing, and energy. The company emphasizes performance and reliability in its niche products, contributing to its growth-oriented strategy.
CSW Industrials announced the acquisition of Shoemaker Manufacturing for $41.3 million, enhancing its HVAC/R product offerings with customizable grilles, registers, and diffusers. This acquisition is part of CSWI's strategic growth, marking its seventh since going public in 2015, with a total cash investment of approximately $405 million. The deal is expected to be accretive to earnings in the first year. Shoemaker, established in 1947, serves both residential (55%) and commercial (45%) markets, enhancing CSWI's distribution channels and regional presence in the northwest U.S.
CSW Industrials reported strong fiscal Q2 and first half results ended September 30, 2021, with total revenue up 48% to $155.6 million. Organic growth was 15%, and GAAP net income rose to $18 million, or $1.14 per diluted share. EBITDA grew 33% to $33.8 million, with a margin of 22%. The TRUaire manufacturing facility in Vietnam faced pandemic-related operational reductions, impacting profitability by $1.4 million. For Q3 and Q4 fiscal guidance, EBITDA is estimated between $17-18.5 million and $33-35 million respectively, with EPS guidance at $0.40-0.45 and $1.10-1.20.
CSW Industrials (CSWI) will announce its fiscal 2022 second-quarter earnings on November 3, 2021, before market opening. A conference call will follow at 10:00 a.m. Eastern Time to discuss the results. Participants can join the call via phone or through a live webcast. The call replay will be available until November 17, 2021. CSW Industrials operates in three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions, serving markets like HVAC/R, plumbing, and energy.
CSW Industrials (CSWI) announced a quarterly cash dividend of $0.15 per share. The dividend will be payable on November 12, 2021, to shareholders on record as of the close of business on October 29, 2021. The company operates in diversified industrial sectors, serving markets such as HVAC/R, plumbing, and electrical. CSWI emphasizes performance and reliability with its product offerings. This dividend declaration reflects the company’s commitment to returning value to shareholders.
CSW Industrials reported a robust fiscal first quarter 2022, ending June 30, with total revenue soaring 77% to $161.3 million compared to $91.0 million in the previous year. Organic growth accounted for 40% of this increase. Adjusted EPS rose 80% to $1.46, with adjusted EBITDA up 108% to $40.5 million. All segments reported organic growth, with the Contractor Solutions segment achieving 121% total growth driven by the TRUaire acquisition. Despite inflation impacting profit margins, the company maintains a strong outlook for sustained long-term growth.
CSW Industrials (NASDAQ: CSWI) will release its fiscal Q1 earnings results for the period ending June 30, 2021, on August 4, 2021, before the market opens. A conference call is scheduled for the same day at 10:00 a.m. ET to discuss these results. Interested parties can join the call by dialing 1-855-327-6837, or 1-631-891-4304 for international access. A live webcast will be available, and a replay will be accessible until August 18, 2021.
CSWI is a diversified industrial growth company, providing optimized solutions across Industrial Products and Specialty Chemicals, serving various markets including HVAC/R and energy.
The Board of Directors of CSW Industrials declared a quarterly cash dividend of $0.15 per share, payable on August 13, 2021, to shareholders of record as of July 29, 2021. This announcement reflects the company’s ongoing commitment to returning value to its shareholders. CSWI is recognized as a diversified industrial growth company with expertise in Industrial Products and Specialty Chemicals, offering solutions across multiple markets such as HVAC/R, plumbing, and mining.
CSW Industrials (CSWI) has appointed Mark N. Bass as Vice President and General Manager of its Specialty Chemicals segment, effective immediately. Bass brings substantial experience, having previously served as President, North America for Birla Carbon, overseeing various operations and functions. His focus will be on driving profitable growth and enhancing customer service. He succeeds Craig Foster, who is leaving the company. CSWI operates in two segments: Industrial Products and Specialty Chemicals, offering products across multiple markets, including HVAC/R, industrial, and mining.
CSW Industrials reported impressive fiscal fourth quarter results, with a 35.4% revenue increase to $133.4 million and an adjusted EBITDA rise of 50.5% to $30.9 million. Despite GAAP net income declining to $9.6 million or $0.61 per share, adjusted EPS improved to $0.88. Full-year revenue also grew 8.6% to $419.2 million. The company noted challenges from rising commodity prices but emphasized its strong balance sheet and ongoing TRUaire integration, aiming for sustainable long-term growth. A 11.1% dividend increase to $0.15 per share was also declared.
FAQ
What is the current stock price of Csw Industrials (CSWI)?
What is the market cap of Csw Industrials (CSWI)?
