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CSW Industrials (CSW)
NYSE:CSW
Earnings Data
Report Date
May 21, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
2.51Last Year’s EPS
2.24Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a generally positive operational and strategic picture: record revenue and adjusted EBITDA, strong free cash flow, substantial accretive acquisitions with early synergy progress, and disciplined capital actions (including meaningful buybacks). Offsetting these positives are shorter-term financial headwinds driven by acquisition-related amortization and higher interest expense, margin compression due to acquisition dilution and tariff-driven input cost pressure, and near-term organic weakness in the Contractor Solutions end market from customer destocking and housing softness. Management expresses confidence in integration, synergy realization, and eventual margin recovery while maintaining leverage within target levels.Company Guidance
Record Revenue and Adjusted EBITDA
Consolidated fiscal Q3 revenue of $233.0M, up 20% year-over-year, and record adjusted consolidated EBITDA of $45.0M, up 7% versus the prior year. Management emphasized adjusted EBITDA as the best multi-period comparison metric given recent acquisitions.
Strong Free Cash Flow and Operating Cash
Operating cash flow of $28.9M (up 165% YoY) and free cash flow of $22.7M (up 193% YoY). Free cash flow per share was $1.37 in the quarter (compared to $0.46 prior year), noting the prior-year tax payment deferral materially impacted comparisons.
Large, Strategic Acquisitions Executed
Approximately $1.0B of acquisitions closed over the last twelve months, including Mars Parts for $650M (Contractor Solutions) and Hydrotech & ProAction for ~$26.5M (SRS), plus the earlier Aspen acquisition. Management stated the transactions are revenue, EBITDA and cash flow accretive and integration is progressing well.
Synergies and Integration Progress — Mars Parts
Management expects to exceed the initially announced $10M run-rate synergies for Mars Parts and to reach (and potentially exceed) a 30% EBITDA margin for that business within 12 months. ERP conversion for Mars Parts completed and commercial harmonization underway.
Disciplined Capital Allocation — Share Repurchase
Executed opportunistic buybacks of ~$70M (283,000 shares at an average $246 per share) during the quarter while maintaining liquidity and target leverage levels.
Balance Sheet and Leverage Within Target
Net debt for covenant calculation purposes of $764M and net debt-to-EBITDA leverage of 2.3x, inside the stated target range of 1–3x. Management noted use of cash and low-cost debt to fund acquisitions and an interest rate hedge (SOFR swap at 3.416%) on part of term loan A.
Operational and Cultural Strength
Safety and employee metrics improved: TRIR improved to 1.1 (from 1.2) and Korn Ferry engagement survey participation was 90% (vs. 85% two years ago), reflecting strong culture and integration focus.
CSW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CSW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $299.66 | $274.09 | -8.53% |
Oct 30, 2025 | $243.57 | $246.87 | +1.35% |
Jul 31, 2025 | $268.44 | $258.94 | -3.54% |
May 22, 2025 | $313.50 | $301.25 | -3.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does CSW Industrials (CSW) report earnings?
CSW Industrials (CSW) is schdueled to report earning on May 21, 2026, Before Open (Confirmed).
What is CSW Industrials (CSW) earnings time?
CSW Industrials (CSW) earnings time is at May 21, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CSW EPS forecast?
CSW EPS forecast for the fiscal quarter 2026 (Q4) is 2.51.