CSW Industrials Reports Impressive Fiscal 2027 Second Quarter with Record Results; Contractor Solutions Segment Delivers 13% Organic Growth
Key Highlights
- ➤Total revenue rose 31% to a record $361 million
- ➤Adjusted EPS increased 24% to a record $3.66
- ➤Contractor Solutions delivered 13% organic revenue growth
- ➤Net debt fell $91 million during the quarter to $734 million
- ➤Fiscal 2027 outlook unchanged; organic growth expected to exceed served markets
Expert Statements
Joseph B. Armes, Chairman, President, and Chief Executive Officer of CSW Industrials
“Today we reported all-time-record revenue, adjusted EBITDA, adjusted EPS, and operating cash flow for the first half of fiscal 2027 underscoring the wisdom of our strategy, the excellence of our execution, and the resilience of our business. Guided by our enduring capital allocation philosophy, we prioritized debt reduction during the quarter, further deleveraging and strengthening our balance sheet. Recent acquisitions have strategically expanded our product portfolio and enhanced our growth trajectory.”
Joseph B. Armes, Chairman, President, and Chief Executive Officer of CSW Industrials
“Our optimistic outlook for the remainder of fiscal 2027 is unchanged. We expect to deliver sustained organic revenue growth in excess of the markets we serve. We may have some short-term margin headwinds due to recent cost increases, but we remain confident in our long-term ability to achieve adjusted EBITDA growth in excess of our revenue growth as well as strong cash flow conversion. We remain focused on maximizing long-term shareholder value through prudent financial management, disciplined capital allocation, and rigorous cost management, which together we expect will accelerate our growth in profitability.”
DALLAS, Oct. 29, 2026 (GLOBE NEWSWIRE) -- CSW Industrials, Inc. (NYSE: CSW or the "Company") today reported results for the fiscal 2027 second quarter period ended September 30, 2026.
Fiscal 2027 Second Quarter Highlights (comparisons to fiscal 2026 second quarter) * Total revenue increased 31% to a record of $361 million, driven by both acquisitions and organic growth * Contractor Solutions Segment delivered strong organic revenue growth of 13% * Earnings per diluted share ("EPS") of $2.90 increased 20% compared to $2.41, driven primarily by increased revenue * Adjusted EPS, which excludes the amortization of acquisition-related intangible assets and nonrecurring expenses, was a record second quarter $3.66 and increased 24% compared to $2.96 * Net income attributable to CSW of $47 million increased 16% compared to $41 million * Adjusted EBITDA increased 33% to a record second quarter $97 million, capitalizing on increased revenue * Cash flows from operations were a record $95 million, increasing 54% * Net debt of $734 million at the end of the quarter, reflecting a debt paydown of $91 million during the quarter and resulting in a net leverage ratio (Net Debt to EBITDA), in accordance with our credit facility, of 2.10x, within our stated target range of 1-3x, and improved from our first fiscal quarter-end Fiscal 2027 First Half Highlights (comparisons to fiscal 2026 first half) * Total revenue increased 32% to a record half of $712 million, driven by acquisitions during the last twelve months and organic growth * Contractor Solutions Segment delivered strong organic revenue growth of 9% * EPS improved 23% to a record half of $5.94, compared to $4.84 * Adjusted EPS of $7.50, increased 29% when compared to $5.81 * Net income attributable to CSW increased 19% to $97 million, compared to $82 million * Adjusted EBITDA increased 40% to a record half of $198 million, leveraging revenue growth * Cash flows from operations were a record $171 million, increasing 40% * Repaid $105 million of debt since fiscal year-end due to strong operating cash flows * Returned total cash of $39 million to shareholders through share repurchases of $29 million and dividends of $10 million Comments from the Chairman, President, and Chief Executive Officer
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