CSW INDUSTRIALS, INC.

Listed Company

CSWCIK 0001624794NYSELarge AcceleratedAdhesives & SealantsDelawareFY ends Mar 31

Period

FY 2026

Revenue

$1.08B

Net Income

$112.05M

Total Assets

$2.32B

Equity

$1.05B

Shares Out

16.32M

Op. Cash Flow

$149.65M

Business

CSW INDUSTRIALS, INC. is a diversified industrial company that manufactures, acquires and distributes niche, value‑added products for professional trades and industrial customers. Products include mechanical HVAC/R components, plumbing goods, grilles, registers and diffusers, building safety systems, specialty lubricants, sealants and related installation and maintenance products. It operates three segments: Contractor Solutions; Specialized Reliability Solutions; and Engineered Building Solutions. Manufacturing is concentrated in the U.S., Vietnam and Canada, and products are sold through wholesalers, distributors and direct channels across more than 100 countries, primarily the U.S., Canada, the U.K. and Australia.

Summary from filing dated 2025-05-22

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Revenues, net	1,083	878	793
Cost of revenues	629	485	442
Gross profit	454	393	351
Selling, general and administrative expenses	270	212	190
Impairment expense	16	0	2
Operating income	169	181	159
Interest expense, net	−22	−269,000	−13
Other expense, net	−737,000	−862,000	−6
Income before income taxes	146	180	140
Provision for income taxes	33	43	38
Net income	113	137	103
Income attributable to redeemable noncontrolling interest	802,000	832,000	891,000
Net income attributable to CSW	112	137	102
Net income per share attributable to CSW	—	—	—
Basic (in USD per share)	6.73	8.41	6.54
Diluted (in USD per share)	6.7	8.38	6.52
Weighted average number of shares outstanding:	—	—	—
Basic (in shares)	17	16	16
Diluted (in shares)	17	16	16

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31
ASSETS	—	—
Current assets:	—	—
Cash and cash equivalents	34	226
Accounts receivable, net	210	156
Inventories, net	310	195
Prepaid expenses and other current assets	27	16
Assets held for sale	9	0
Total current assets	589	593
Property, plant and equipment, net	108	93
Goodwill	633	264
Intangible assets, net	900	358
Other assets	87	71
Total assets	2,317	1,379
LIABILITIES AND EQUITY	—	—
Current liabilities:	—	—
Accounts payable	77	55
Accrued and other current liabilities	116	92
Current portion of long-term debt	29	0
Liabilities held for sale	4	0
Total current liabilities	227	147
Long-term debt	840	0
Retirement benefits payable	1	1
Other long-term liabilities	179	138
Total liabilities	1,247	287
Commitments and contingencies (Note 18)	—	—
Redeemable noncontrolling interest	19	20
Equity:	—	—
Common shares, $0.01 par value Shares authorized – 50,000 Shares issued – 17,893 and 17,810, respectively	178,000	177,000
Preferred shares, $0.01 par value Shares authorized (10,000) and issued (0)	0	0
Additional paid-in capital	520	501
Treasury shares, at cost (1,544 and 1,027 shares, respectively)	258	122
Retained earnings	799	705
Accumulated other comprehensive loss	−11	−12
Total equity	1,050	1,072
Total liabilities and equity	2,317	1,379

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Cash flows from operating activities:	—	—	—
Net income	113	137	103
Adjustments to reconcile net income to net cash provided by operating activities:	—	—	—
Depreciation	16	14	14
Amortization of acquisition-related intangible assets & inventory step-up	51	28	23
Amortization of deferred financing fees	1	766,000	769,000
Provision for inventory reserves	4	3	4
Provision for credit losses	2	1	814,000
Share-based and other executive compensation	15	14	12
Fair value change in contingent consideration	0	2	0
Net loss (gain) on disposals of property, plant and equipment	−756,000	−35,000	3
Net pension benefit	67,000	66,000	67,000
Impairment expenses	16	0	2
Net deferred taxes	−6	−7	−2
Changes in operating assets and liabilities:	—	—	—
Accounts receivable	27	9	18
Inventories	37	36	−10
Prepaid expenses and other current assets	5	1	−5
Other assets	−782,000	−1	−1
Accounts payable and other current liabilities	11	22	12
Retirement benefits payable and other liabilities	−6	−2	557,000
Net cash provided by operating activities	150	168	164
Cash flows from investing activities:	—	—	—
Capital expenditures	17	16	17
Proceeds from sale of assets held for investment	0	0	2
Proceeds from sale of assets	217,000	1	2
Cash paid for investments	5	3	0
Cash paid for acquisitions (net of cash received)	1,021	85	30
Net cash used in investing activities	−1,043	−102	−43
Cash flows from financing activities:	—	—	—
Borrowings on lines of credit	506	33	112
Repayments of lines of credit	227	199	199
Borrowings on Term Loan A	600	0	0
Repayments on Term Loan A	8	0	0
Payments of deferred loan costs	5	0	0
Payments of contingent consideration	12	1	3
Purchase of treasury shares	133	28	15
Proceeds from issuance of equity	0	347	0
Distributions to redeemable noncontrolling interest shareholder	2	0	0
Dividends paid to shareholders	18	15	12
Net cash provided by (used in) provided by financing activities	701	138	−117
Effect of exchange rate changes on cash and equivalents	−100,000	−499,000	−1
Net change in cash and cash equivalents	−192	204	4
Cash and cash equivalents, end of period	—	—	—
Cash and cash equivalents, end of period	—	—	—
Supplemental non-cash disclosure:	—	—	—
Cash paid during the year for interest	21	5	12
Cash paid during the year for income taxes	46	51	39
Non-cash investing and financing activities:	—	—	—
Contingent consideration arising from acquisitions	4	15	7
Capital expenditures included in accounts payable and other current liabilities	520,000	641,000	427,000

Filings

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