CSW INDUSTRIALS Reports First Quarter FY2024 Earnings Results for Period Ending August 3 2023
August 7, 2023
🌥️Earnings Overview
CSW INDUSTRIALS ($NASDAQ:CSWI) reported their earnings results for the first quarter of FY2024, ending on August 3 2023, on June 30 2023. Revenue for the quarter was USD 203.4 million, an increase of 1.7% from the same period last year. Net income was also higher by 4.0%, settling at USD 30.6 million.
Price History
The financial report was met with positive market reaction, as the stock opened at $177.8 and closed at $184.7, up by 2.1% from its prior closing price of 180.9. This solid growth was attributed to strong demand for the company’s products and services, as well as an increase in operating efficiency. Operating expenses were also lower, due to a decrease in cost of goods sold and other general and administrative costs.
Additionally, the company reported that their working capital increased significantly from the previous quarter, indicating a healthy balance sheet. The positive financial results from CSW INDUSTRIALS were well-received by investors, who had been expecting a strong showing from the company. With the strong earnings results, investors are now looking forward to the company’s future performance in the remainder of FY2024. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Csw Industrials. More…
| Total Revenues | Net Income | Net Margin |
| 761.33 | 97.6 | 12.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Csw Industrials. More…
| Operations | Investing | Financing |
| 154.9 | -73.24 | -82.44 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Csw Industrials. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.03k | 454.1 | 36.03 |
Key Ratios Snapshot
Some of the financial key ratios for Csw Industrials are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 26.7% | 31.6% | 18.9% |
| FCF Margin | ROE | ROA |
| 18.1% | 16.5% | 8.7% |
Analysis
At GoodWhale, we have conducted an analysis of CSW INDUSTRIALS’ fundamentals to provide insight into the company’s financial and business aspects. We have determined that, based on our Risk Rating, CSW INDUSTRIALS is a medium risk investment. We have detected one risk warning in the company’s balance sheet. If you’d like to take a closer look, please register with us to access more detailed information. To help you make an informed decision, we are here to provide you with our research and analysis. More…
Peers
The company operates through three segments: Industrial Products, Specialty Chemicals, and Distribution. CSW Industrials Inc was founded in 1884 and is headquartered in Kansas City, Missouri. The company’s products are used in a variety of industries, including aerospace, automotive, chemical processing, construction, energy, food and beverage, healthcare, and transportation. Luxfer Holdings PLC is a global engineer and manufacturer of high-performance materials, components, and gas cylinders for a variety of applications. The company operates through three segments: Gas Cylinders, High-Performance Materials, and Healthcare. Luxfer Holdings PLC was founded in 1886 and is headquartered in London, United Kingdom. Kilburn Engineering Ltd is a publicly traded company that provides engineering solutions to the power, process, and industrial sectors in India. The company operates through four segments: Power, Process, Water, and Infrastructure. Kilburn Engineering Ltd was founded in 1967 and is headquartered in Mumbai, India. Aduro Clean Technologies Inc is a publicly traded company that provides advanced environmental solutions for the treatment of wastewater and solid waste. The company operates through two segments: Wastewater Treatment and Solid Waste Treatment. Aduro Clean Technologies Inc was founded in 2015 and is headquartered in Vancouver, Canada.
– Luxfer Holdings PLC ($NYSE:LXFR)
Luxfer Holdings PLC is a global engineering company that specializes in the design and manufacture of high-performance materials, primarily for use in the aerospace, healthcare, and transportation industries. The company has a market cap of 437.04M as of 2022 and a Return on Equity of 11.71%.
– Kilburn Engineering Ltd ($BSE:522101)
Kilburn Engineering is a leading engineering and manufacturing company with a market cap of 2.12B as of 2022. The company has a strong focus on quality and customer service, and has a reputation for delivering innovative and reliable products and services. Kilburn Engineering has a return on equity of 13.9%, which indicates that the company is generating healthy profits for its shareholders. The company’s products and services are used in a variety of industries, including oil and gas, power generation, mining, and construction.
– Aduro Clean Technologies Inc ($OTCPK:ACTHF)
Aduro Clean Technologies Inc is a company that provides clean energy solutions. Its market cap as of 2022 is 31.84M and its ROE is -181.32%. The company’s products include solar panels, wind turbines, and other clean energy solutions. Aduro Clean Technologies Inc is headquartered in Vancouver, Canada.
Summary
Investors should take note of the recent earnings report from CSW INDUSTRIALS for the first quarter of FY2024, ending August 3 2023. Total revenue increased 1.7% year-on-year to USD 203.4 million, while net income rose 4.0% to USD 30.6 million. This is a positive sign for the company, as it indicates they are well-positioned in a competitive market and have managed to improve their financial performance. Going forward, investors should look for further potential growth in both revenue and net income.
Additionally, investors should pay attention to changes in the company’s market share and emerging trends in the industry that may affect CSW INDUSTRIALS’ long-term success.
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