Q4 2024 CSW Industrials Inc Earnings Call Transcript
Key Points
- CSW Industrials Inc (CSWI) achieved record fourth-quarter revenue, EBITDA, and earnings per diluted share.
- The company delivered meaningful EBITDA margin expansion in the fiscal fourth quarter.
- CSWI reported record full-year results with revenue of $793 million, representing 4.6% growth.
- The company generated strong cash flow from operations, totaling $164 million for the full fiscal year, a 35% increase.
- CSWI successfully completed the acquisition of Dust Free, enhancing its product portfolio and market reach.
- Free cash flow for the fiscal fourth quarter decreased to $17.5 million from $31.7 million in the same period last year.
- The outstanding debt on the revolving credit facility increased by $13 million due to the Dust Free acquisition.
- The fiscal fourth-quarter cash flow from operations was $22 million, down from $37 million in the same quarter last year.
- The effective tax rate for the fiscal fourth quarter was 23.8%, which may impact net income.
- The engineered building solutions segment faces potential headwinds in certain markets, which could affect future revenue growth.
Greetings and welcome to CSW Industrials fiscal fourth-quarter 2024 and full-year conference call. (Operator Instructions) As a reminder, this conference call is being recorded. I would now like to turn the conference over to your host, Alexa Huerta. Thank you. You may begin.
Thank you, Rob. Good morning, everyone, and welcome to the CSW Industrials fiscal 2024 fourth-quarter and full-year earnings call. Joining me today is Joseph Armes, Chairman, Chief Executive Officer, and President of CSW Industrials; and James Perry, Executive Vice President and Chief Financial Officer.
We issued our earnings release, updated Investor Relations presentation and Form 10-K prior to the market's opening today, all of which are available on the Investors portion of our website at www.cswindustrials.com. This call is being webcast and information on accessing the replay is included in the earnings release.
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