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Sep 30, 2023
Csw Industri Q2 2024 Earnings Report
Reported record revenue, EPS and EBITDA.
Key Takeaways
CSW Industrials reported record results for the fiscal 2024 second quarter, with revenue increasing by 7% to $203.7 million, net income attributable to CSWI increasing by 24% to $30.1 million, and EPS improving by 23% to $1.93. The company also saw a 21% increase in EBITDA to $53.0 million and paid down $37 million of debt.
Total revenue increased 7% to a record $203.7 million, with 5% organic growth.
Net income attributable to CSWI increased 24% to $30.1 million.
Earnings per diluted share (EPS) improved 23% to a record $1.93.
EBITDA increased 21% to $53.0 million, with margin expansion of 300 bps to 26%.
Csw Industri
Csw Industri
Forward Guidance
The company expects to deliver second half revenue, EBITDA, and EPS growth, as well as a continuation of strong cash generation.