other material
confidence high
sentiment neutral
materiality 0.50
CSW Industrials redesigns segment reporting into three new segments; provides recast historical financials
CSW INDUSTRIALS, INC.
- New segments effective Apr 1, 2021: Contractor Solutions, Engineered Building Solutions, Specialized Reliability Solutions.
- Recast historical segment financials for each quarter of FY2021 and FY2020 under the new structure.
- Q4 FY21 (Mar 2021): Contractor Solutions rev $87.8M, op inc $18.7M; Specialized Reliability rev $21.5M, op loss $(0.6M).
- Q4 FY21 adjusted op inc: Contractor Solutions $22.5M, Engineered Bldg $2.3M, Specialized Reliability $1.0M.
- Segment realignment driven by T.A. Industries acquisition and Shell JV.