Record Revenue and Growth
CSW Industrials reported record quarterly revenue of $277 million, a growth of 22% year-over-year, driven primarily by recent acquisitions.
Successful Acquisitions
The acquisitions of Aspen Manufacturing, PSP Products, and PF Waterworks contributed significantly to the revenue growth, with Aspen Manufacturing and PF Waterworks showing a weighted average growth rate of over 40%.
Pending Acquisition of Mars Parts
CSW Industrials announced a definitive agreement to acquire Mars Parts for $650 million, expecting to close the acquisition in November 2025, which will enhance their HVAC/R product portfolio.
Strong Balance Sheet and Cash Flow
CSW Industrials ended the quarter with a net debt-to-EBITDA leverage ratio of 0.12x, showcasing a strong balance sheet. Free cash flow increased by $13.6 million or 30.2% after adjustments.