CSW Industrials (CSWI) Reports Q3 EPS of $0.26

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Go back to CSW Industrials (CSWI) Reports Q3 EPS of $0.26

CSW Industrials Reports Fiscal Third Quarter 2017 Results

February 13, 2017 8:00 AM EST

Highlights

Third quarter 2017 net revenue of $75.5 million, up 6.5% compared to $70.9 million in the prior year period.Third quarter 2017 GAAP operating income of $3.4 million; Non-GAAP operating income of $6.6 million.Third quarter 2017 GAAP net earnings of $405 thousand, or $0.03 per diluted share; Non-GAAP net earnings of $4.2 million, or $0.26 per diluted share.Company continues restructuring & realignment initiatives targeting annualized savings of approximately $7.5 million in addition to annualized savings of approximately $2.0 to $2.5 million expected from procurement initiatives.

DALLAS, Feb. 13, 2017 (GLOBE NEWSWIRE) -- CSW Industrials, Inc. (NASDAQ: CSWI), a diversified... More