NYSE$CSW
Csw Industri Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Reported a significant increase in revenue and adjusted EPS, driven by strategic acquisitions and organic growth.
CSW Industrials reported a strong fiscal fourth quarter and full year 2021, marked by a 35.4% increase in quarterly revenue to $133.4 million and a record adjusted EPS of $3.37 for the full year. The company's performance was bolstered by the TRUaire acquisition and organic growth in key end markets, particularly HVAC/R and plumbing. Despite challenges from rising commodity and transportation costs, CSWI managed to maintain profitability and increase its quarterly cash dividend.
- Revenue increased by 35.4% to $133.4 million compared to the prior year.
- GAAP net income was $9.6 million, with adjusted EBITDA reaching $30.9 million and a margin of 23.1%.
- EPS was $0.61, while adjusted EPS increased to $0.88, driven by transaction costs and purchase accounting effects.
- The integration of TRUaire is progressing as planned, contributing significantly to revenue growth.
Headline financials
Revenue & EPS history
Csw Industri · Revenue · Quarterly
$133M
Revenue by segment
Csw Industri · $311M total across 3 segments · Q4 2026
- Contractor Solutions$237M—76.2%
- Specialized Reliability Solutions$46.2M—14.9%
- Engineered Building Solutions$27.7M—8.9%
Forward guidance
CSW Industrials provided insights into its financial expectations for fiscal year 2022, including anticipated amortization of intangible assets, share-based compensation expenses, the completion of amortization related to the TRUaire inventory fair value step-up, and the company's expected effective tax rate.
Tailwinds
- Anticipated completion of TRUaire inventory amortization by fiscal Q2 2022.
- Strategic inventory build to manage commodity and transportation price increases.
- Facilities remain fully operational.
- Strong balance sheet enabling strategic investments.
- Commitment to long-term growth and profitability.
Headwinds
- Exposure to rising commodity and transportation prices.
- Anticipated amortization of intangible assets of approximately $19.3 million in fiscal year 2022.
- Expected share-based compensation expense of approximately $8.5 million in fiscal year 2022.
- Effective tax rate for fiscal 2022 is expected to be approximately 25%.
- Experienced dislocations in some raw materials.
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 Q4 2021
+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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro