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Sep 30, 2021
Csw Industri Q2 2022 Earnings Report
Reported strong revenue growth driven by strategic acquisitions and organic expansion.
Key Takeaways
CSW Industrials reported a strong second quarter in fiscal year 2022, marked by a 48% increase in total revenue to $155.6 million and a diluted EPS of $1.14. The company's performance was bolstered by the TRUaire acquisition and organic growth across all segments, despite challenges from rising costs and supply chain disruptions. Management is also providing guidance for the second half of fiscal year 2022.
Total revenue increased by 48% to $155.6 million compared to the previous year.
Organic revenue growth was 15%, with all segments reporting growth.
Diluted EPS attributable to CSWI increased to $1.14, compared to $1.10 in the prior year.
EBITDA grew by 33% to $33.8 million, resulting in a 22% EBITDA margin.
Forward Guidance
CSWI provided consolidated guidance for the fiscal 2022 third and fourth quarters, citing current economic volatility, rapidly rising material and freight costs, and the lag in the effectiveness of pricing initiatives.
Challenges Ahead
- EBITDA range of $17.0 million to $18.5 million for the third quarter.
- EPS range of $0.40 to $0.45 for the third quarter.
- EBITDA range of $33.0 million to $35.0 million for the fourth quarter.
- EPS range of $1.10 to $1.20 for the fourth quarter.
- Economic volatility, rapidly rising material and freight costs, and the lag in the effectiveness of pricing initiatives.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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