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Sep 30, 2022
Csw Industri Q2 2023 Earnings Report
Reported record revenue, EPS and EBITDA.
Key Takeaways
CSW Industrials reported a strong fiscal 2023 second quarter with a 23% increase in total revenue to $191.2 million and a 34% increase in net income to $24.3 million. EPS improved by 37% to $1.57, and EBITDA increased by 29% to $43.9 million.
Total revenue increased 23% to $191.2 million, with organic growth of 16%.
Net income attributable to CSWI increased 34% to $24.3 million.
Earnings per diluted share (EPS) improved 37% to $1.57.
EBITDA increased 29% to $43.9 million, equating to a 23% EBITDA margin.
Forward Guidance
The company expects a year-over-year revenue growth rate of approximately 20% with an EBITDA margin of approximately 22% for the full year.
Positive Outlook
- Operational excellence
- Disciplined capital allocation
- Keen focus on customer service
- Impressive financial results
- Resilient business model
Challenges Ahead
- Macroeconomic uncertainty
- Increased expenses related to material costs
- Increased third-party sales commissions
- Increased employee compensation
- Increased professional fees related to information technology (IT) and recent acquisitions
Historical Earnings Impact
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Avg. Return Before/After Earnings
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