Csw Industrials, Inc. · NYSE:CSW
Csw Industrials — Q1 2026 Earnings Presentation
43 slides from Csw Industrials's earnings presentation, Jul 31, 2025
Slide 1: Fiscal 2026 Investor Presentation First Quarter Results
Fiscal 2026 Investor Presentation First Quarter Results July 31, 2025
Slide 2: Forward Looking Statement; Non-GAAP Financial Information
Forward Looking Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 relating to, among other things, the business, financial condition and results of operations of CSW Industrials, Inc. (“CSW” or the “Company”). A
Slide 3: Index
Index 4 Overview and Investment Thesis Driving Sustainable Growth 15 Aspen Manufacturing Overview 20 Business Segment Overview 30 Fiscal 2026 First Quarter Results 35 Appendix
Slide 4: CSW Industrials, Inc. (NYSE: CSW) Key Highlights
CSW Industrials, Inc. (NYSE: CSW) Key Highlights 2015 Publicly Listed Following Spin-Off ~$4.8B A diversified industrial growth company with a strategic focus on providing niche, Market Capitalization3 value-added products in the end markets we serve. ~$1.0B Three Segments (Segment percentages refle
Slide 5: Continuously Evolving Our Portfolio
Continuously Evolving Our Portfolio CSW Industrials has consistently evolved through strategic acquisitions and initiatives, resulting in a proven track record of sustained growth and margin expansion. 2015 Portfolio TTM 1Q26 portfolio1 Revenue by segment Revenue by segment $262M $916M FY15 Sales TT
Slide 6: Corporate Culture and Values
Corporate Culture and Values The Goal of Our Corporate Culture is to Maximize Performance CSW is committed to recruiting great talent, offering rewarding career destinations, and recognizing team members. Our employee-centric culture features an environment where every team member belongs, is encour
Slide 7: Corporate Culture and Values
Corporate Culture and Values Our Commitment to Our Core Values: We seek to create, nurture, and sustain an inclusive and diverse environment that attracts and retains the highest caliber team members, respects the intrinsic value of each individual, and leverages their skills and expertise to serve
Slide 8: Compelling Investment Thesis
Compelling Investment Thesis • Total revenue CAGR of 14.1% from FY16 through FY251 Growth exceeding end • Organic revenue CAGR of 8.7% from FY16 through FY251 markets served • Total adjusted EBITDA CAGR of 16.5% from FY16 through FY251 • 44.1% adjusted Gross Profit Margin annual average FY16 – FY251
Slide 9: Sustainable Growth in Shareholder Value
Sustainable Growth in Shareholder Value Our demonstrated track record of growth and enhancing long-term shareholder value. Since Inception Maintain Our Strong Balance Sheet • 919% market cap growth1 • 243% Revenue growth2 Allocate Capital Efficiently • 301% adjusted EBITDA growth3 Invest in Organic
Slide 10: Strong Long-Term Free Cash Flow and Adjusted EPS Growth
Strong Long-Term Free Cash Flow and Adjusted EPS Growth Free Cash Flow1/ Share and Adjusted EPS2 (FY21 - FY25) There were 15.5M shares outstanding at year-end FY24 Legend FCF / Share FY21 - FY25 CAGR: 25.2% and 16.8M shares outstanding ■ Free Cash Flow1/Share at year-end FY25 ■ Adjusted EPS2 Adjuste
Slide 11: Stated Capital Allocation Principles
Stated Capital Allocation Principles CSW Industrials is committed to maintaining a strong balance sheet with ample liquidity through both cash and available credit to capitalize on growth opportunities, both organically and inorganically. Capital Allocation Policy issued in November 2018 and reaffir
Slide 12: Allocating Capital Efficiently
Allocating Capital Efficiently TTM Capital Allocation1 Capital allocation decisions are prioritized on a risk-adjusted returns basis, ($ in millions) with the ultimate goal of driving long-term shareholder value. $475.0M Capital Expenditures $16.1 Debt Repayments $20.0 Organic Growth Inorganic Growt
Slide 13: Strategic, Disciplined Approach to M&A
Strategic, Disciplined Approach to M&A As a diversified industrial growth company, our goal is to increase free cash flow through sustainable organic growth, accretive inorganic growth, and operational efficiencies. CSW Industrials Criteria: • Long-term growth well in excess of GDP • Strong margin c
Slide 14: Long Standing Track Record of Successful Acquisitions
Long Standing Track Record of Successful Acquisitions We have a successful record of making attractive and synergistic acquisitions that support expansion of our broad portfolio of solutions. Acquisition Metrics Key Highlights • Identify and execute accretive acquisitions that will broaden and compl
Slide 15: Aspen Manufacturing Overview
Aspen Manufacturing Overview Investor Presentation 15 July 2025
Slide 16: Aspen Manufacturing Customer Value Proposition
Aspen Manufacturing Customer Value Proposition Investor Presentation 16 July 2025
Slide 17: Aspen Manufacturing: Fiscal Year 2026 Impact and Outlook
Aspen Manufacturing: Fiscal Year 2026 Impact and Outlook • Fiscal 2026 revenue expected to grow low-double digits off of fiscal 2025 full year revenue of $125M ◦ Quarterly revenue sequencing heavily weighted to our first and second fiscal quarters, Revenue magnifying Contractor Solutions' seasonalit
Slide 18: Our Distribution Channels Accelerate Growth
Our Distribution Channels Accelerate Growth We have focused Without CSW: Limited Distribution With CSW: Broad Distribution on expanding our distribution network in recent years, enhancing revenue growth from new product introductions and acquisitions. Newly designed products, while innovative & help
Slide 19: Our Guiding Objectives
Our Guiding Objectives At CSW, how we succeed matters, and accordingly we will: Position CSW for Treat Our Team Serve Our Manage Our Supply Sustainable, Long-Term Members Well Customers Well Chains Effectively Growth and Profitability • Focus on Safety: • Emphasize consistent • Continuous improvemen
Slide 20: Business Segment Overview
Business Segment Overview
Slide 21: Segments Summary
Segments Summary Contractor Solutions Specialized Reliability Solutions Engineered Building Solutions • $653.7M TTM Revenue, • $147.7M TTM Revenue, • $122.1M TTM Revenue, $212.2M adjusted EBITDA, and $26.0M EBITDA, and $19.2M EBITDA, and 32.5% adjusted EBITDA margin 17.6% EBITDA margin 15.8% EBITDA
Slide 22: Contractor Solutions Segment: Markets & Brands
Contractor Solutions Segment: Markets & Brands Summary: End Markets Served: ◦ Highly diversified product portfolio providing ◦ Future growth focus on new product industry leading products in both direct-to- introductions through organic innovation and customer and distributor models inorganic additi
Slide 23: Contractor Solutions: Products
Contractor Solutions: Products Pipe Thread Sealant Indoor Air Quality (IAQ) Products Surge Protective Devices Plumbing Products (Retail & Distribution Channels) Air Handlers and Evaporator Coils Grilles, Registers, and Diffusers (GRD) Condensate overflow switches Water & Gas and clean out devices Co
Slide 24: HVAC/R Mini-Split Niche Market: Products
HVAC/R Mini-Split Niche Market: Products Dust Free Duality Novent Germicidal UV light Code compliant, locking caps protect against refrigerant and VOC filter theft and inhalation. A2L refrigerant compatible for improved IAQ AC Leak Freeze with UV Leak stop sealant, Nokink non clogging, non reactive
Slide 25: Specialized Reliability Solutions Segment: Markets & Brands
Specialized Reliability Solutions Segment: Markets & Brands Summary: End Markets Served: ◦ Our product portfolio allows us to compete and ◦ Innovating new and existing products to capture enhanced margins relative to larger peers accelerate organic growth ◦ Focus on end markets with sustainable grow
Slide 26: Specialized Reliability Solutions: Products
Specialized Reliability Solutions: Products Investor Presentation 26 July 2025
Slide 27: Specialized Reliability Solutions: Shell Whitmore JV Products
Specialized Reliability Solutions: Shell Whitmore JV Products Investor Presentation 27 July 2025
Slide 28: Engineered Building Solutions Segment: Markets & Brands
Engineered Building Solutions Segment: Markets & Brands Summary: End Markets Served: ◦ Market leader in providing unique solutions to ◦ Multiple manufacturing locations provide architects and contractors that meet code efficiency to meet the needs of general requirements, while adding functionality,
Slide 29: Engineered Building Solutions: Products
Engineered Building Solutions: Products Investor Presentation 29 July 2025
Slide 30: Fiscal 2026 First Quarter Summary of Financial Results
Fiscal 2026 First Quarter Summary of Financial Results
Slide 31: Consolidated Results: 1Q26 Summary
Consolidated Results: 1Q26 Summary Consolidated Financial Highlights (1Q26 vs 1Q25): Summary Quarterly Consolidated Results • Record first quarter revenue of $263.6M, a 17% increase ($ in millions) ◦ $43.7M increase from inorganic revenue from recent acquisitions ◦ $6.2M decrease from organic revenu
Slide 32: Contractor Solutions: 1Q26 Segment Summary
Contractor Solutions: 1Q26 Segment Summary Summary Quarterly Segment Financials (1Q26 vs 1Q25): Segment Results ($ in millions) • Segment Revenue of $196.7M, a 23% increase ◦ Inorganic revenue of $43.7M, due to recent acquisitions 36.3% ◦ Organic revenue decrease of $7.4M or 4.6%, due to a decrease
Slide 33: Specialized Reliability Solutions: 1Q26 Segment Summary
Specialized Reliability Solutions: 1Q26 Segment Summary Summary Quarterly Segment Results Segment Financials (1Q26 vs 1Q25): ($ in millions) • Segment Revenue of $36.8M, flat to revenue in prior year ◦ Revenue growth in the mining and energy end markets, offset 23.1% by a contraction in the general
Slide 34: Engineered Building Solutions: 1Q26 Segment Summary
Engineered Building Solutions: 1Q26 Segment Summary Segment Financials (1Q26 vs 1Q25): Summary Quarterly Segment Results ($ in millions) • Segment Revenue of $31.9M, a 3% increase ◦ Increase due to the timing of projects converting to revenue from backlog 20.1% Margin 17.1% 13.9% • Segment EBITDA de
Slide 35: Appendix
Appendix
Slide 36: CSW Executive Team
CSW Executive Team Veteran leadership with broad industry experience, dedicated to enhancing shareholder value. Joseph B. Armes James E. Perry Donal J. Sullivan Luke E. Alverson Danielle R. Garde Jeff A. Underwood Chairman, CEO Executive VP and CFO Executive VP and Senior VP, General Senior VP and S
Slide 37: Reconciliation of Fiscal First Quarter Segment Operating Income to Segment EBITDA
Reconciliation of Fiscal First Quarter Segment Operating Income to Segment EBITDA (unaudited) (unaudited) (unaudited) (Amounts in thousands) Three months ended June 30, 2025 Three months ended June 30, 2024 Three months ended June 30, 2023 CS SRS EBS Other CSW CS SRS EBS Other CSW CS SRS EBS Other C
Slide 38: Reconciliation of TTM Segment Operating Income to Adjusted Segment EBITDA
Reconciliation of TTM Segment Operating Income to Adjusted Segment EBITDA (unaudited) (Amounts in thousands) Trailing Twelve Months Ended June 30, 2025 Contractor Specialized Engineered Solutions Reliability Building Corporate Consolidated CS SRS EBS Other CSW Revenue, net $ 653,654 $ 147,656 $ 122,
Slide 39: Reconciliation of Fiscal Year Company Net Income to Adjusted EBITDA
Reconciliation of Fiscal Year Company Net Income to Adjusted EBITDA Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended (Amounts in thousands) 3/31/2025 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020 3/31/2015 Net Income attributable to CSW 136,652 101,648 96,435 66,385 4
Slide 40: Reconciliation of Fiscal Year Company Gross Profit to Adjusted Gross Profit
Reconciliation of Fiscal Year Company Gross Profit to Adjusted Gross Profit Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended (Amounts in thousands) 3/31/2025 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020 3/31/2019 Revenue, net 878,301 792,840 757,904 626,435 419,205 3
Slide 41: Reconciliation of Fiscal Year Company Operating Cash Flow to Free Cash Flow/Share
Reconciliation of Fiscal Year Company Operating Cash Flow to Free Cash Flow/Share Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended (Amounts in thousands) 3/31/2025 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020 Net Cash Provided by Operating Activities 168,362 164,332 121,453 69,
Slide 42: Reconciliation of Fiscal Year Company EPS to Adjusted EPS
Reconciliation of Fiscal Year Company EPS to Adjusted EPS1 Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended (Amounts in thousands) 3/31/2025 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020 Net Income attributable to CSW 136,652 101,648 96,435 66,385 40,099 44,656 Diluted Shares 16
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