NYSE$CSW

Csw Industri Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported record revenue, EPS and EBITDA.

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.

Headline financials

Total Revenue

$191M

Previous: $156M+22.9%
EPS (adj)

$1.57

Previous: $1.14+37.7%
Net Income

$24.3M

Previous: $18M+35.2%
Operating Income

$35.3M

Previous: $25.9M+36.4%
Gross Profit

$80.6M

Previous: $63.1M+27.9%
Cash & Equivalents

$13.6M

Previous: $17.3M-21.8%
Total Assets

$1.02B

Previous: $903M+13.1%

Revenue & EPS history

Csw Industri · Revenue · Quarterly

$191M

Q2 2023+22.9%vs Q2 2022
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Revenue by segment

Csw Industri · $311M total across 3 segments · Q4 2026

  • Contractor Solutions
    $237M
  • Specialized Reliability Solutions
    $46.2M
  • Engineered Building Solutions
    $27.7M

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.

Tailwinds

  • Operational excellence
  • Disciplined capital allocation
  • Keen focus on customer service
  • Impressive financial results
  • Resilient business model

Headwinds

  • 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

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

+0.6%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+3.8%

Avg return

30 days after

54%

26 / 48 earnings

Positive

+13.1%

Q2 2019

Best reaction

-8.5%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026
Q3 2026-8.5%-12.9%-1.9%
Q2 2026+1.4%-2.4%+11.4%
Q1 2026-3.9%-10.7%-1.6%
Q4 2025-3.8%-0.3%-10.4%
Q3 2025-5.0%-7.4%-11.4%
Q2 2025-2.8%+0.3%+16.3%
Q1 2025+5.1%-0.3%+12.7%
Q4 2024+5.7%+4.6%+7.2%
Q3 2024+4.2%+4.4%+8.0%
Q2 2024-0.3%-1.6%+3.7%
Q1 2024+0.1%+3.4%+2.4%
Q4 2023+7.9%+7.7%+19.6%
Q3 2023+3.3%+4.2%+4.9%
Q2 2023-1.0%-4.6%-3.2%
Q1 2023+5.9%+13.2%+6.7%
Q4 2022-3.3%-2.3%-9.8%
Q3 2022+0.8%+2.6%+6.4%
Q2 2022-6.7%-2.0%-14.8%
Q1 2022+3.3%+7.1%+9.5%
Q4 2021+2.5%+0.7%-5.5%
Q3 2021+2.7%+2.3%+4.3%
Q2 2021+6.4%+7.0%+29.8%
Q1 2021+10.0%+9.8%+17.2%
Q4 2020+1.3%+0.9%+3.5%
Q3 2020-1.3%-5.7%-5.8%
Q2 2020+3.8%+4.5%+4.4%
Q1 2020+1.3%+2.9%+0.2%
Q4 2019+7.6%+6.9%+13.2%
Q3 2019+6.3%+5.0%+6.5%
Q2 2019+13.1%+10.6%+7.1%
Q1 2019-3.4%-1.2%+3.2%
Q4 2018+4.4%+6.7%+13.5%
Q3 2018+2.5%+1.8%+4.6%
Q2 2018-3.2%-4.9%-2.9%
Q1 2018+2.7%+5.2%+8.3%
Q4 2017+3.3%+0.5%+7.5%
Q3 2017-1.1%+0.3%-1.5%
Q2 2017+3.1%+5.8%+8.6%
Q1 2016-4.5%-7.6%-6.2%
Q1 2017+3.0%+2.2%+7.4%
Q4 2014-2.6%-7.1%-3.0%
Q1 2015-2.6%-7.1%-3.0%
Q4 2016-2.6%-7.1%-3.0%
Q3 2016-8.5%
Q3 2015-8.5%
Q2 2015-2.8%
Q4 2015-2.8%
Q2 2016-2.8%

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