CSW Industrials (CSWI) Tops Q4 EPS by 5c, Beats on Revenues

CSW Industrials (NASDAQ: CSWI) reported Q4 EPS of $0.51, $0.05 better than the analyst estimate of $0.46. Revenue for the quarter came in at $83.5 million versus the consensus estimate of $78.19 million.

Joseph B. Armes, CSW Industrials’ Chairman, Chief Executive Officer and President, commented, “We are pleased with our results for the fourth quarter and the fiscal year as we continued to grow our revenues organically and through acquisitions while leveraging operational best practices across our business units. The combination of these factors drove a 17.6% increase in adjusted income from continuing operations in the fourth quarter.” Armes continued, “As we look ahead to fiscal 2019, our focus remains on generating long-term, profitable growth by leveraging our strong distribution channels through organic and inorganic growth initiatives, including strategic bolt-on acquisitions, targeted product development and strategic sales territory expansion.”

Highlights

• Fourth quarter 2018 revenue from continuing operations increased 9.2% (6.6% organic growth and 2.6% inorganic growth) to $83.5 million, compared to the prior year period of $76.4 million.
• Full year 2018 revenue from continuing operations increased 13.5% (7.8% organic growth and 5.7% inorganic growth) to $326.2 million, compared to the prior year period of $287.5 million.
• Fourth quarter 2018 reported operating income from continuing operations increased 65.6% to $10.6 million compared to the prior year period of $6.4 million.
• Fourth quarter 2018 reported earnings per share from continuing operations of $0.68, compared to the prior year period of $0.21.
• Fourth quarter 2018 adjusted earnings per share from continuing operations of $0.51, compared to the prior year period of $0.42.
• Full year 2018 operating cash flow from continuing operations increased 45.7% to $57.4 million, compared to the prior year period of $39.4 million.

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

You May Also Be Interested In

• 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
• McGraw Hill (MH) Tops Q1 EPS by 15c, Beats on Revenue; Offers FY26 Revenue Guidance
• Lennar Corp. (LEN) Misses Q2 EPS by 1c