Jun 2026 (Q1 FY27) — Jul 30, 2026
CSW Industrials Q1 FY27 — Record Results Driven by Acquisitions and Operational Efficiency
Read the full callCSW Industrials (CSW) earnings
- Jun 2026
- Jun 2026 (Q1 FY27)
- Mar 2026
CSW Industrials earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 351 | +33.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 22.8 | +2.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 49.8 | +21.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
16 of 22 judged targets kept · 20 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| China share of Contractor Solutions cost of goods sold | Around 10% | Jun 2025 | China's around 10%. So we keep hovering around that 10%. | Achieved |
| Update on the tariff refund applications | Update on the next quarterly earnings call | Mar 2026 | Ghosted | |
| Full-year consolidated revenue and adjusted EBITDA growth | Growth in revenue and adjusted EBITDA | Mar 2026 | At a consolidated level, we expect to see significant adjusted EBITDA and EPS growth in fiscal 2027. | Revised Up |
6 of CSW INDUSTRIALS, INC.'s 42 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 39 more targets are in the full ledger.
Claimed
- Consolidated revenue reached a record $351 million, up 33% year-over-year.
- Adjusted EBITDA was a record $102 million, increasing 48% from the prior year period.
- Adjusted EPS for the fiscal first quarter was $3.84, up 35% from the same period last year.
- Operating cash flow was $76 million, compared with $61 million in the prior year quarter.
- Net debt-to-EBITDA ratio reduced to 2.37 times from 2.55 times at fiscal 2026 year-end.
Qualified
- Interest expense increased to $12.7 million from $1 million year-over-year, primarily due to higher debt from recent acquisitions.
- Cost inflation in raw materials, ocean freight, and domestic freight (diesel costs) continues to be a factor.
- Commercial construction remains soft, as indicated by ABI and Dodge Momentum indices.
- Aspen Manufacturing faces tough year-over-year comparisons in Q2 FY27 due to strong performance in the prior year.
Price
$291.14 +0.88% · +$2.55
Performance +20.9% 1Y
1Y: $240.72 on 14 Oct 2025 → $291.14. High $351.29 (11 Aug 2026), low $238.11 (4 Nov 2025).
- Previous close
- $288.59
- 52-week range
- $238.11 – $351.29
- One year
- +20.24%
Overview
- Symbol
- CSW
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
16 of 22 judged targets kept · 20 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| China share of Contractor Solutions cost of goods sold | Around 10% | Jun 2025 | China's around 10%. So we keep hovering around that 10%. | Achieved |
| Update on the tariff refund applications | Update on the next quarterly earnings call | Mar 2026 | Ghosted | |
| Full-year consolidated revenue and adjusted EBITDA growth | Growth in revenue and adjusted EBITDA | Mar 2026 | At a consolidated level, we expect to see significant adjusted EBITDA and EPS growth in fiscal 2027. | Revised Up |
Claimed
- Consolidated revenue reached a record $351 million, up 33% year-over-year.
- Adjusted EBITDA was a record $102 million, increasing 48% from the prior year period.
- Adjusted EPS for the fiscal first quarter was $3.84, up 35% from the same period last year.
- Operating cash flow was $76 million, compared with $61 million in the prior year quarter.
- Net debt-to-EBITDA ratio reduced to 2.37 times from 2.55 times at fiscal 2026 year-end.
Qualified
- Interest expense increased to $12.7 million from $1 million year-over-year, primarily due to higher debt from recent acquisitions.
- Cost inflation in raw materials, ocean freight, and domestic freight (diesel costs) continues to be a factor.
- Commercial construction remains soft, as indicated by ABI and Dodge Momentum indices.
- Aspen Manufacturing faces tough year-over-year comparisons in Q2 FY27 due to strong performance in the prior year.
The full ledger
Open CSW INDUSTRIALS, INC.’s full ledger
A free account opens 5 company ledgers a month. All 42 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q4 FY26) — May 26, 2026
CSW Industrials Q4 FY26 — Record Revenue and Adjusted EBITDA Driven by Acquisitions and Organic Growth
Read the full callEvery analysed call
CSW Industrials earnings calls (CSW)
Financials
What the filings say
Net profit, year on year: +22% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 228 | 194 | 231 | 264 | 277 | 233 | 309 | 351 |
| Operating profit | 52 | 30 | 45 | 55 | 57 | 17 | 40 | 80 |
| Operating margin | 22.6% | 15.3% | 19.5% | 20.8% | 20.5% | 7.4% | 12.8% | 22.8% |
| Profit before tax | 50 | 31 | 47 | 54 | 55 | 8 | 28 | 67 |
| Tax rate | 26.1% | 13.8% | 24.6% | 24.3% | 26.4% | −34.2% | 27.1% | 25.6% |
| Net profit | 36 | 27 | 35 | 41 | 41 | 10 | 20 | 50 |
| EPS ($ per share) | 2.27 | 1.60 | — | 2.43 | 2.42 | 0.62 | — | 3.05 |
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 278 | 319 | 351 | 408 | 493 | 583 | 705 | 799 |
| Total liabilities | 89 | 93 | 464 | 511 | 499 | 408 | 287 | 1,247 |
| Fixed assets | 54 | 57 | 83 | 87 | 88 | 93 | 93 | 108 |
| Total assets | 353 | 374 | 880 | 995 | 1,043 | 1,043 | 1,379 | 2,317 |
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 60 | 70 | 66 | 69 | 121 | 164 | 168 | 150 |
| Cash from investing | -3 | -20 | -290 | -51 | -70 | -43 | -102 | -1,043 |
| Cash from financing | -39 | -57 | 214 | -13 | -49 | -117 | 138 | 701 |
| Net cash flow | 15 | -8 | -8 | 7 | 2 | 4 | 204 | -192 |
| Capital expenditure | -8 | -11 | -9 | -16 | -14 | -17 | -16 | -17 |
| Free cash flow | 52 | 58 | 57 | 53 | 108 | 148 | 152 | 132 |
CSW revenue by segment
| Segment | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Contractor Solutions | — | — | — | 74% | 74% | 71% | 76% | 78% | +40.3% |
| Specialized Building Solutions | 17% | 18% | — | 14% | 14% | 16% | 15% | 14% | +30.9% |
| Specialized Reliability Solutions | — | — | — | 14% | 14% | 16% | 15% | 14% | +30.9% |
| Engineered Building Solutions | — | — | — | 12% | 12% | 12% | 9% | 8% | -9.3% |
| Engineered Reliability Solutions | 14% | 15% | — | 12% | 12% | 12% | 9% | 8% | -9.4% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
72 filings between Oct 30, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
$77.0K
1 purchase by 1 insider
Sales
$8.95M
24 sales by 6 insiders
67% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 12
- Award — granted as compensation
- 8
- Option exercise — converted options into shares
- 15
- Tax withheld — shares kept back by the company to cover tax
Also filed: 10 gifts, 2 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Armes Joseph B | — | $4.66M | Sep 15, 2026 |
| Sullivan Don | — | $2.85M | Aug 5, 2026 |
| Alverson Luke | — | $794.0K | May 1, 2026 |
| UNDERWOOD JEFF | — | $353.0K | Aug 10, 2026 |
| Perry James E | — | $202.1K | Jan 2, 2026 |
| WANG FANG | — | $86.4K | Nov 18, 2025 |
| Ash Darron K | $77.0K | — | Mar 13, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Sullivan Don EVP, Chief Strategy Officer | Tax withheld | 572 | $167.2K |
| Oct 1, 2026 | UNDERWOOD JEFF EVP, GM Contractor Solutions | Award | 1,404 | $0 |
| Oct 1, 2026 | Garde Danielle SVP, Chief People Officer | Tax withheld | 399 | $116.7K |
| Oct 1, 2026 | Perry James E EVP, CFO | Tax withheld | 707 | $206.7K |
| Oct 1, 2026 | Garde Danielle SVP, Chief People Officer | Award | 815 | $0 |
| Oct 1, 2026 | Perry James E EVP, CFO | Award | 1,404 | $0 |
| Oct 1, 2026 | Alverson Luke SVP, GC & Secretary | Tax withheld | 408 | $119.3K |
| Oct 1, 2026 | Armes Joseph B Chairman, President & CEO | Award | 5,095 | $0 |
| Oct 1, 2026 | Armes Joseph B Chairman, President & CEO | Tax withheld | 2,248 | $657.3K |
| Oct 1, 2026 | WANG FANG VP, Chief Accounting Officer | Tax withheld | 134 | $39.2K |
| Oct 1, 2026 | WANG FANG VP, Chief Accounting Officer | Award | 268 | $0 |
| Oct 1, 2026 | Alverson Luke SVP, GC & Secretary | Award | 815 | $0 |
| Oct 1, 2026 | UNDERWOOD JEFF EVP, GM Contractor Solutions | Tax withheld | 428 | $125.1K |
| Sep 15, 2026 | Armes Joseph B Chairman, President & CEO | Sale 10b5-1 plan | 1,500 | $434.4K |
| Aug 27, 2026 | Griffin Bobby Director | Award | 409 | $0 |
| Aug 27, 2026 | JOHNSTON TERRY L Director | Award | 409 | $0 |
| Aug 27, 2026 | GAMBRELL MICHAEL R Director | Award | 409 | $0 |
| Aug 27, 2026 | LIVINGSTONE LINDA A. Director | Award | 409 | $0 |
| Aug 27, 2026 | Ash Darron K Director | Award | 409 | $0 |
| Aug 27, 2026 | Motsenbocker Anne Director | Award | 409 | $0 |
| Aug 14, 2026 | Armes Joseph B Chairman, President & CEO | Sale 10b5-1 plan | 1,500 | $517.7K |
| Aug 10, 2026 | UNDERWOOD JEFF EVP, GM Contractor Solutions | Sale | 720 | $249.8K |
| Aug 5, 2026 | Sullivan Don EVP, Chief Strategy Officer | Sale | 4,526 | $1.56M |
| Aug 3, 2026 | Alverson Luke SVP, GC & Secretary | Gift | 175 | $0 |
| Aug 3, 2026 | Perry James E EVP, CFO | Gift | 500 | $0 |
| Aug 3, 2026 | Armes Joseph B Chairman, President & CEO | Gift | 1,864 | $0 |
| Jul 15, 2026 | Armes Joseph B Chairman, President & CEO | Sale 10b5-1 plan | 1,500 | $434.9K |
| Jun 15, 2026 | Armes Joseph B Chairman, President & CEO | Sale 10b5-1 plan | 1,500 | $419.3K |
| May 29, 2026 | Ash Darron K Director | Other | 661 | $0 |
| May 29, 2026 | Ash Darron K Director | Other | 661 | $0 |
| May 27, 2026 | Armes Joseph B Chairman, President & CEO | Sale 10b5-1 plan | 1,500 | $425.9K |
| May 1, 2026 | Alverson Luke SVP, GC & Secretary | Sale 10b5-1 plan | 1,007 | $291.6K |
| Apr 26, 2026 | Armes Joseph B Chairman, President & CEO | Tax withheld | 12,394 | $3.67M |
| Apr 15, 2026 | Sullivan Don EVP, Chief Strategy Officer | Sale 10b5-1 plan | 166 | $49.8K |
| Apr 15, 2026 | Armes Joseph B Chairman, President & CEO | Sale 10b5-1 plan | 1,500 | $430.2K |
| Apr 7, 2026 | Alverson Luke SVP, GC & Secretary | Sale 10b5-1 plan | 1,007 | $268.0K |
| Apr 2, 2026 | WANG FANG VP, Chief Accounting Officer | Tax withheld | 174 | $45.3K |
| Apr 2, 2026 | WANG FANG VP, Chief Accounting Officer | Option exercise | 616 | $0 |
| Apr 2, 2026 | UNDERWOOD JEFF SVP, GM Contractor Solutions | Tax withheld | 851 | $221.5K |
| Apr 2, 2026 | UNDERWOOD JEFF SVP, GM Contractor Solutions | Option exercise | 2,127 | $0 |
| Apr 2, 2026 | Garde Danielle SVP, Chief People Officer | Tax withheld | 1,264 | $329.1K |
| Apr 2, 2026 | Alverson Luke SVP, GC & Secretary | Tax withheld 10b5-1 plan | 1,333 | $347.0K |
| Apr 2, 2026 | Garde Danielle SVP, Chief People Officer | Option exercise | 3,172 | $0 |
| Apr 2, 2026 | Alverson Luke SVP, GC & Secretary | Option exercise 10b5-1 plan | 3,347 | $0 |
| Apr 2, 2026 | Sullivan Don EVP, Chief Strategy Officer | Tax withheld | 2,333 | $607.4K |
| Apr 2, 2026 | Sullivan Don EVP, Chief Strategy Officer | Option exercise | 5,870 | $0 |
| Apr 2, 2026 | Armes Joseph B Chairman, President & CEO | Option exercise | 18,784 | $0 |
| Apr 2, 2026 | Armes Joseph B Chairman, President & CEO | Option exercise | 23,968 | $0 |
| Apr 2, 2026 | Perry James E EVP, CFO | Option exercise | 5,870 | $0 |
| Apr 2, 2026 | Armes Joseph B Chairman, President & CEO | Tax withheld | 16,284 | $4.24M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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