- CSW Industrials press release ( NASDAQ: CSWI ): FQ1 GAAP EPS of $1.88.
- Revenue of $199.9M (+23.9% Y/Y).
- Fiscal 2023 first quarter EBITDA increased 21.0% to $49.5M, compared to $40.9M in the prior year period. EBITDA as percent of revenue was 24.8% and 25.4%, in the current and prior year periods, respectively.
- Maintained balance sheet strength with leverage ratio, in accordance with our credit facility, of approximately 1.7x debt to EBITDA.
- During the fiscal 2023 first quarter, returned cash to shareholders of $30.5M through share repurchases and $2.7M in dividends.
- "In light of the strength of our fiscal first quarter and our updated outlook for the remainder of the fiscal year, we now expect a year-over-year revenue growth rate in the high-teens with an EBITDA margin in excess of 20%,” said Joseph B. Armes, CSW Industrials’ Chairman, President, and Chief Executive Officer.
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CSW Industrials GAAP EPS of $1.88, revenue of $199.9M; issues FY22 soft guidance