CSW Industrials, Inc. (CSWI) reported a net revenue of $878.3 million for the fiscal year ending March 31, 2025, marking a 10.8% increase from $792.8 million in the previous year. This growth was driven by both organic sales, which rose by 4.8% or $37.9 million, and contributions from recent acquisitions, including Dust Free, PSP Products, and PF WaterWorks, which collectively added $47.5 million to revenues. The company's gross profit also increased to $393.3 million, up 12.1% from $350.7 million, resulting in a gross profit margin of 44.8%, slightly higher than the previous year's 44.2%.
In terms of operational changes, CSWI completed several strategic acquisitions, including the purchase of Aspen Manufacturing for approximately $330.4 million on May 1, 2025, which is expected to enhance its Contractor Solutions segment. The company also acquired PF WaterWorks and PSP Products in 2024, further expanding its product offerings in the plumbing and HVAC/R markets. These acquisitions are part of CSWI's strategy to leverage both organic and inorganic growth to meet evolving customer needs.
The company reported a significant increase in its employee headcount, with approximately 2,600 employees globally as of March 31, 2025, compared to 2,400 the previous year. This growth reflects CSWI's commitment to enhancing its operational capabilities and customer service. The company also maintained a strong balance sheet, with cash and cash equivalents rising to $225.8 million from $22.2 million in the prior year, bolstered by a follow-on equity offering that generated $347.4 million in net proceeds.
Looking ahead, CSWI anticipates continued growth in fiscal year 2026, projecting year-over-year increases in both revenue and profit across all three business segments: Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions. The company remains focused on its capital allocation strategy, prioritizing investments in organic growth, strategic acquisitions, and returning cash to shareholders through dividends and share repurchases. However, CSWI acknowledges potential challenges from macroeconomic uncertainties, including geopolitical tensions and trade policies that could impact future operations and profitability.
About CSW INDUSTRIALS, INC.
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