CSW Industrials, Inc. Reports Earnings Results for the Full Year Ended March 31, 2024
May 23, 2024 at 06:30 am
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CSW Industrials, Inc. reported earnings results for the full year ended March 31, 2024. For the full year, the company reported sales was USD 792.84 million compared to USD 757.9 million a year ago. Net income was USD 101.65 million compared to USD 96.44 million a year ago.
Basic earnings per share from continuing operations was USD 6.54 compared to USD 6.22 a year ago. Diluted earnings per share from continuing operations was USD 6.52 compared to USD 6.2 a year ago.
CSW Industrials, Inc. is a diversified industrial company with operations in three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment manufactures efficiency and performance-enhancing products predominantly for residential and commercial heating, ventilation, air conditioning and refrigeration (HVAC/R) and plumbing applications, which are designed primarily for the professional trades. The Engineered Building Solutions segment provides primarily code-driven, life safety products that are engineered to provide solutions for the construction, refurbishment and modernization of commercial, institutional and multifamily residential buildings. The Specialized Reliability Solutions segment provides products for increasing the reliability, efficiency, performance and lifespan of industrial assets. The primary end markets it serves with its brands include HVAC/R, plumbing, general industrial, and others.