CSWI Q3 adj EPS $1.07 (+6%), revenue $175M (+2%), adj EBITDA margin expands to 21%

CSW INDUSTRIALS, INC.

2024-Q3 EPS reported $4.49 revenue$581,980,000

Net income $9.2M (GAAP EPS $0.59); adjusted net income $16.7M ($1.07 adj EPS, +6% YoY).
Adjusted EBITDA $36.8M (+18% YoY); margin 21.0% (+270 bps); cash from ops $47.0M (+28%).
Contractor Solutions rev $115.4M (+3.1%); op margin 22.3% vs 19.5% prior. Specialized Reliability rev $33.7M (-7.2%) on shipment delay.
Paid down $20M debt; leverage ratio 0.69x; YTD paid $100M debt, returned $8.9M dividends, $5.8M buybacks.
Appointed Jeff Underwood SVP & GM Contractor Solutions effective Apr 1; Don Sullivan becomes Chief Strategy Officer.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CSW INDUSTRIALS, INC. reported the fiscal third quarter ended December 31, 2023 results: revenue $175.0 million, net income $9.2 million, EPS $0.59.

Period: the fiscal third quarter ended December 31, 2023
Revenue: $175.0 million
Net income: $9.2 million
EPS: $0.59
Result: reported results

Exact text from the filing

nine-month fiscal year-to-date periods ended December 31, 2023. Fiscal 2024 Third Quarter Highlights (comparisons to fiscal 2023 third quarter) • Total revenue increased 2% to $175.0 million due to organic growth • Net income attributable to CSWI of $9.2 million, or $16.7 million adjusted to exclude the release of tax indemnification asset related to the TRUaire

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CSW INDUSTRIALS, INC. filing history →

Source: SEC EDGAR

accession 0001624794-24-000009

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