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Jun 30, 2023
Csw Industri Q1 2024 Earnings Report
Reported record revenue, EPS, EBITDA, and cash flow from operations.
Key Takeaways
CSW Industrials reported record results for the fiscal 2024 first quarter, with revenue reaching $203.4 million, a 2% increase driven by recent acquisitions. Net income increased by 4% to $30.6 million, and EPS improved by 5% to $1.97. The company also saw a significant increase in cash flow from operations, up 199% to $50.3 million, and paid down $43.0 million of debt.
Total revenue increased 2% to a record $203.4 million, driven by $5.1 million in revenue from recent acquisitions.
Net income attributable to CSWI increased 4% to $30.6 million, compared to $29.4 million.
Earnings per diluted share (EPS) improved 5% to $1.97, compared to $1.88.
Record cash flow from operations, which increased 199% to $50.3 million, compared to $16.8 million.
Forward Guidance
The company expects to deliver year-over-year revenue, EBITDA and EPS growth as well as strong cash flow generation.
Positive Outlook
- Expected to deliver year-over-year revenue growth
- Expected EBITDA growth
- Expected EPS growth
- Anticipates strong cash flow generation
- Balance sheet strength
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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