CSWI - CSW Industrials EPS misses by $0.07 beats on revenue; issues guidance

CSW Industrials (CSWI): Q4 Non-GAAP EPS of $0.88 misses by $0.07; GAAP EPS of $0.61 misses by $0.34.Revenue of $133.4M (+35.4% Y/Y) beats by $20.14M.Fiscal Year 2022 Outlook: We expect our amortization of intangible assets to be ~$19.3M in fiscal year 2022; the majority of this is related to the TRUaire acquisition; share-based compensation expense to be ~$8.5M in fiscal year 2022.We expect the amortization created by the TRUaire inventory fair value step-up to be completed as early as the fiscal second quarter of 2022, assuming an approximate rate of $1.0 million per month, as acquired TRUaire inventory is sold.The Company’s effective tax rate for fiscal 2022 is expected to be approximately 25%.Press Release

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CSW Industrials EPS misses by $0.07, beats on revenue; issues guidance