CSW Industrials (NASDAQ: CSWI) reported Q3 EPS of $0.46, $0.05 better than the analyst estimate of $0.41. Revenue for the quarter came in at $77.5 million versus the consensus estimate of $73.13 million.

• Third quarter 2019 revenue from continuing operations of $77.5 million, up 12.3% compared to $69.0 million in the prior year period.
• Third quarter 2019 GAAP operating income from continuing operations increased 19.0% to $9.4 million or 12.1% of sales, compared to $7.9 million or 11.4% of sales in the prior year period.
• Third quarter 2019 GAAP net earnings from continuing operations increased to $6.0 million, or $0.39 per diluted share, compared to $2.6 million or $0.17 per diluted share in the prior year period.
• Adjusted to apply a normalized tax rate, non-GAAP net earnings from continuing operations increased 37.3% to $7.0 million, or $0.46 per diluted share, compared to $5.1 million or $0.32 per diluted share in the prior year period.
• Operating cash flow from continuing operations for the nine months ended December 31, 2018 increased 23.8% to $58.3 million compared to the prior year period of $47.1 million.

Joseph B. Armes, CSW Industrials’ Chief Executive Officer, commented, “We are pleased to report excellent third quarter results highlighted by double-digit organic revenue growth, which helped to bolster margins and generate 37% growth in adjusted net income. We continue to outpace the growth of the end markets we serve, which we attribute to our talented global workforce, customer focus, industry leading brands and quality products.”

Armes continued, “We continue to steward well the capital entrusted to us by directing cash to the opportunities providing the greatest risk-adjusted return. Underscoring this commitment, we returned $9.9 million to shareholders through share repurchases in the third fiscal quarter 2019 bringing the year-to-date total to $40.7 million.”

For earnings history and earnings-related data on CSW Industrials (CSWI) click here.